Category: Open Banking

Australian Open banking APIs are fast and reliable

Data from Frollo shows 98.9% of API calls are successful and data is returned in 0.84 seconds on average. Today we’ve released the second edition of our Open Banking API performance monitor, where we’ve compared the API performance for 24 Data Holders live on our Open Banking platform in Q3 2021. Speed and reliability are

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REA Group and Frollo launch Proof of Concept to make home buying more accessible with Open Banking powered Financial Passport

Frollo and REA Group are exploring opportunities to make home buying more accessible to Australians, using Frollo’s Open Banking powered Financial Passport. With just a few clicks, home buyers will be able to instantly generate an in-depth overview of their finances to support their home buying journey. Insight into the consumers’ financial situation is a

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P&N Group partners with Frollo to re-imagine the future of banking

Customer-owned P&N Group, on behalf of its P&N Bank and bcu retail brands, has announced a new partnership with Frollo – a purpose-driven Fintech that is one of Australia’s leading Open Banking providers – that will see the future of banking re-imagined for its customers.  In developing its current five-year strategy, the Group set out

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One year in, Open Banking has 12 live Data Holders

One year in, Open Banking has 12 live Data Holders On 1 July 2021, one year after the Consumer Data Right kicked off in Australia, we’re excited to announce we’ve launched Data Holder number 12 on the Frollo Open Banking platform. In addition to the Big Four banks and Regional Australia Bank – who all

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Double opt-in for joint accounts threatens the promise of Open Banking

The Consumer Data Right (Open Banking) holds a big promise for Australians. But accessibility is key for it to deliver on this promise. This article outlines our thoughts on the current issue with joint accounts accessibility and how to solve it. The Consumer Data Right (CDR) has been live in Australia for almost a year,

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William Schmidt (humm) about trust and innovation in consumer lending

William Schmidt General Manager, humm “With Open Banking and customer trust, we can have a more transparent and fair interaction with our customers, both at origination and through repayments.” What role does customer trust play in consumer lending, and for the relationship with your consumers in particular? At humm, we see trust as the outcome,

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Pete Young (Latitude) about the role of trust in consumer lending

Pete Young General Manager, Latitude For our latest white paper on ‘Trust and the future of consumer lending‘ we spoke with a number of industry leaders, to get their take on the subject.  Pete Young is a General Manager at Latitude, a leader in consumer finance in Australia and New Zealand. “Open Banking can enable

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Ben Milsom at Plenti about trust and innovation in consumer lending

Ben Milsom Co-founder and CCO, Plenti For our latest white paper on ‘Trust and the future of consumer lending‘ we spoke with a number of industry leaders, to get their take on the subject.  Ben Milsom is the Co-founder and Chier Commercial Officer of Plenti, Australia’s most loved consumer lending. “Open Banking has the potential

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What’s new in the Consumer Data Right? (May 2021 update)

As the Consumer Data Right roll out progresses, Treasury has recently announced a number of updates to improve and expand the regime. We’ve listed the three most important developments below: 1. Opt-in model for joint accounts Probably the most impactful and necessary update in the short term, is the proposal to change the way data

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