Today is a big day for Frollo, as we’re finally able to announce we have signed ANZ as a client for our Open Banking platform. ANZ will use Frollo’s CDR Gateway to receive consumers’ financial data from other Data Holders as part of its active participation in the CDR ecosystem as a Data Recipient.
Our Open Banking platform helps businesses fast track the process of becoming an Accredited Data Recipient (ADR) and use Open Banking data to deliver compelling customer propositions in lending, PFM and other areas. With over 7 Million Open Banking API calls to date, the platform is responsible for over 95% of Open Banking activity thus far in Australia. This has enabled us to learn from real world experience and build a reliable, highly configurable and complete solution for B2B clients.
Frollo founder and CEO Gareth Gumbley about the partnership with ANZ:
“We’re proud to be supporting ANZ on their Open Banking journey. We’ve worked closely with them over the past 18 months on the Data Holder side, testing the ecosystem and improving reliability. It speaks to the maturity of our platform and the expertise of our team that ANZ has decided to engage Frollo and use our CDR Gateway.
As one of Australia’s biggest banks, ANZ is in a great position to leverage the opportunities the Consumer Data Right offers as a Data Recipient. Our platform offers them the flexibility to build a range of potential customer solutions with the most mature access to Open Banking data.“
ANZ Open Banking lead Richard Hough on the partnership with Frollo:
“We’re happy to be working with Frollo as a partner. We have chosen to work with Frollo because of their experience with Open Banking, and proven accreditation and experience as a Data Recipient platform with the ACCC. We have worked with them in partnership through the go live testing process and established a trusted relationship. Its early days for us and we’re looking forward to engaging with consumers on this important initiative.”