Frollo & Beyond Bank partner to deliver Open Banking customer experience

Beyond Bank Australia will use Frollo's CDR Gateway to collect and use Open Banking data

Frollo-Beyond Bank Open Banking

We’re excited to announce we’re partnering with customer-owned bank, Beyond Bank, to use Open Banking to deliver better customer outcomes. They will use our CDR Gateway to improve multi-banking and lending experiences.

This announcement follows Beyond Bank’s accreditation as one of the first customer-owned data recipients in September this year, and is an extension of the existing relationship between our two organisations. This relationship kicked off mid-2021 with the announcement that Beyond Bank would use our Personal Finance Management (PFM) platform to launch a white label financial wellbeing app alongside its main banking app.

The bank’s financial wellbeing app, which will provide customers with a full view of their finances, is currently being piloted and is expected to launch in early 2022.

We're excited to continue working with Frollo and use Open Banking data to unlock more value for our customers.

Wayne Matters (Deputy CEO, Beyond Bank)

The choice to partner with Frollo for Open Banking was a logical one, explains Wayne Matters, Deputy Chief Executive Officer at Beyond Bank: “It’s still early days for Open Banking. As the leading Australian Open Banking platform, Frollo offers us an end-to-end solution for most current uses and the confidence they will have any future uses covered.

“We’ve worked closely with the Frollo team on our financial wellbeing app and we’re excited to continue working with them and use Open Banking data to unlock more value for our customers,” Mr. Matters said.

Frollo founder and CEO Gareth Gumbley agrees, “As a purpose driven fintech, it’s great to work with a customer-owned bank like Beyond Bank, that has similar values and is always looking to deliver better customer outcomes. We believe that CDR will be a big driver of consumer value and we’re excited to work together on unlocking this value through financial wellbeing and responsible lending.”

The Frollo Open Banking platform

Frollo Open Banking platform

Leverage Australia’s leading Open Banking platform to deliver better customer outcomes.

  • Collect – Instant access to more than 80 financial institutions
  • Enrich – Turn data into insights with market leading transaction categorisation
  • Experience – Plug & play access to solutions for PFM, lending and customer onboarding

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Who we are

Frollo is a purpose-driven Australian FinTech on a quest to help people feel good about money. We’ve built the simplest way to help people get their finances on track – and through our business ecosystem, we’re supporting our enterprise clients to do the same for their customers.

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