Category: Open Banking

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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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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state of open banking report
Open Banking

The Open Banking revolution begins

Inaugural ‘State of Open Banking in Australia’ report takes industry snapshot of adoption and awareness of historic reforms The report, published by Frollo and NextGen.Net, reveals big appetite for CDR with 71% of respondents planning to use CDR, but cites major challenges ahead Leading Australian fintech, Frollo, and leading technology provider to the lending industry,

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CDR open banking technology
Open Banking

We’re launching Frollo Data Holder testing

Is your organisation implementing a new Data Holder solution for CDR? Testing this technology is important, and selecting the right testing partner can save you time, money and a lot of headaches down the road. It’s why we’re excited to announce we’re launching Frollo Data Holder testing.  Frollo Data Holder testing combines a robust and proven

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Frollo first app to use Open Banking product information

We’re excited to share that after being the first app to launch with CDR in July 2020, we’ve achieve another Australian first by making CDR product information available to our app users. With today’s app update, Frollo users will be able to easily check the rates, fees and extra’s for their financial products in the

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Open Banking

New: Product information in Frollo

Do you know the interest rate you’re getting on your savings account? The monthly fees you’re paying on your transaction account? Or the additional insurance you get with your credit card? Do you know where to look for this information? Introducing: Product information in Frollo Getting a better deal on your finances all starts with

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state of open banking report
Open Banking

The new Accredited Intermediary Rules explained

On 1 October 2020, the ACCC made amendments to the CDR Rules to enable accredited intermediaries to collect data for other accredited parties. The amendments describe how a person (provider) can perform tasks on behalf of another accredited person (principal) in a CDR outsourcing arrangement. Principals are required to be Accredited Data Recipients (ADR). Two

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