Frollo to provide technology to help power Virgin Money's innovative banking experience and improve financial wellbeing
Frollo has today announced that it is partnering with the Bank of Queensland (BOQ) Group to deliver money management and financial wellbeing features for Virgin Money’s new digital bank, which is scheduled for an initial soft launch at the end of 2020.
Virgin Money will leverage Frollo’s software as a service (SaaS) Integration Platform, which brings together its artificial intelligence engine, application programming interface and partner integrations, to provide customers with a market-leading mobile banking experience that promotes financial wellness.
Users of Virgin Money’s digital bank will benefit from enriched transactions and insights on their spending, as well as the ability to track bills, create a budget and set personal goals.
Mr Greg Boyle, Virgin Money CEO, said: “Helping our customers prosper and achieve their financial goals is at the heart of the Virgin Money digital banking experience. We’re thrilled to be partnering with Frollo to provide our customers with actionable insights on their spending and savings habits, to help them take control of their financial wellbeing in an engaging and rewarding way.”
The Virgin Money partnership is an exciting next step for Frollo, the purpose driven FinTech, in line with its goal to bring financial wellness to Australians. Mr Gareth Gumbley, Frollo Founder and CEO, said: “Financial wellbeing is an important topic, now more than ever. Virgin Money is passionate about helping customers be financially better off, now and in the future, and we’re proud they’ve chosen Frollo’s SaaS Integration Platform to power categorisation, insights and financial wellbeing for their neo bank.”