Category: Open Banking

The future of Open Banking – FinTech Summit 2021

It’s almost 9 months ago the Consumer Data Right went live in Australia on 1 July 2020. A lot has happened since then, so this seems a good time to take stock and also look ahead at the future of Open Banking. At the FinTech Summit 2021 our Head of Sales Simon Docherty joined a

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Citi partners with Frollo to test its Open Banking systems

We’re excited to announce that we will be performing Data Holder Testing for Citi, to ensure their CDR Data Holder solution is compliant with CDR rules. As the July deadline to become a Data Holder comes into view, Citi is implementing their solution to enable their customers to share CDR data with Accredited Data Recipients. 

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The February 2021 CDR release explained

The Consumer Data Right (CDR) officially launched in Australia on 1 July 2020. With banking as the first sector to go live, Open Banking is here and is a game changer for the financial sector in Australia. Though, change at this scale doesn’t happen at the flick of a switch. Australia’s Open Banking implementation timeline

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product reference data portal
Open Banking

Suncorp partners with Frollo for Open Banking APIs

We’re excited to announce Suncorp Bank will utilise the Frollo PRD Portal to power their Open Banking product APIs and comply with Data Holder obligations under the Consumer Data Right (CDR). Suncorp will take advantage of the ease of use, low cost and future proof solution the Frollo PRD Portal provides. They will get access to the real-time competitive

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state of open banking report
Open Banking

How Open Banking will help improve financial wellbeing

The Consumer Data Right (Open Banking) offers many opportunities for businesses to streamline processes, personalise products and improve their user experience. As a purpose driven fintech, Frollo is particularly interested in the ways Open Banking can help improve the financial wellbeing of Australians.  In our recent report on The state of Open Banking in Australia,

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Infographic – The state of Open Banking in Australia

We recently published our first report on The state of Open Banking in Australia. The report is based on survey results from over 160 decision makers across the finance and fintech industry, plus interviews with industry leaders. It provides a comprehensive and insightful overview of where Open banking stands today, and where it’s heading. We’ve

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Tony Carn (NextGen.Net) on Open Banking

Tony Carn Chief Customer Officer, NextGen.Net “Those who embrace CDR and evolve their processes will be the ones who survive.” NextGen.Net is Australia’s leading technology provider to the lending industry. With 97% of all Australian mortgage brokers and more than 50 lenders using their ApplyOnline electronic lodgement and loan processing platform, NextGen.Net makes it their

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CDR Data Holder testing
Open Banking

5 questions about Data Holder testing

With the October deadline to publish Open Banking product APIs behind us, banks and credit unions are looking ahead to the next big CDR milestone: From 1 July 2021, non-major ADIs will have to be registered as a Data Holder and enable their customers to share CDR data with accredited third parties. Building and testing

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Daniel Cannizzaro (Parpera) on Open Banking

Daniel Cannizzaro Founder & CEO, Parpera “CDR will provide us with a true single view of a person’s data and enable us to empower them to make better day-to-day decisions.” Parpera is an early-stage Australian fintech on a mission to help Australian businesses, freelancers and entrepreneurs improve the way they do business. Parpera is developing

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Kim Radalj (P&N Group) on Open Banking

Kim Radalj General Manager, Strategy & Corporate Development, P&N Group “Open Banking is a key way for us to provide engaging digital experiences that deliver helpful insights and useful guidance.” P&N Bank is a division of Police & Nurses Limited. As a customer-owned bank, their purpose is to enrich the lives of their customers and

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