Category: Open Banking

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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ANZ partners with Frollo for access to Open Banking data

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

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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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