What’s new at Frollo (Product update April 2021)

Frollo product update April 2021

Did you know we launched FIVE Open Banking products in the last year*? You’d be forgiven for not knowing, it’s quite a lot!

That’s in addition to our PFM platform, which enables businesses to easily provide market leading Personal Finance Management tools to their customers.

As we’re always launching new features, improving existing ones and squashing annoying bugs, we thought it would be a good idea to highlight the most interesting ones in this blog post.

* If you’re wondering, those products are 1) CDR Gateway 2) Data Enrichment API 3) Financial Passport 4) PRD Portal 5) Data Holder Testing

So... What's new?

Data Enrichment API

Turning up the accuracy

The impact of Open Banking powered solutions depends in large part on the quality of transaction categorisation and merchant classification. And although we’re getting it right more often than not, we’re always looking to improve.

Our latest update focuses on categorisation accuracy and user experience, with the following improvements: 

  • We’ve significantly expanded our merchant list, making it easier to correctly identify them and categorise transactions
  • We’ve added more merchant logos, improving the user experience
  • With the feedback users can give on transactions in the Frollo app, we’ve been able to further improve our categorisation rules

Turning up the accuracy

The impact of Open Banking powered solutions depends in large part on the quality of transaction categorisation and merchant classification. And although we’re getting it right more often than not, we’re always looking to improve.

Our latest update focuses on categorisation accuracy and user experience, with the following improvements: 

  • We’ve significantly expanded our merchant list, making it easier to correctly identify them and categorise transactions
  • We’ve added more merchant logos, improving the user experience
  • With the feedback users can give on transactions in the Frollo app, we’ve been able to further improve our categorisation rules
PRD Portal

Know your competitors

Our Product Reference Data portal is an easy way to publish compliant PRD APIs. Plus, it provides access to a real time product comparison tool for competitive analysis.

Our latest update includes:

  • New: Features to report on current Status and future planned Outages for Data Holder platforms
  • Improved: Data quality and reliability in the product comparison tool
  • Squashed: Bugs! 🐞

Know your competitors

Our Product Reference Data portal is an easy way to publish compliant PRD APIs. Plus, it provides access to a real time product comparison tool for competitive analysis.

Our latest update includes:

  • New: Features to report on current Status and future planned Outages for Data Holder platforms
  • Improved: Data quality and reliability in the product comparison tool
  • Squashed: Bugs! 🐞
PFM platform product update

Have real impact

The Frollo PFM platform makes it easy for you to provide market leading Personal Finance Management features to your customers.

We recently launched one of our biggest updates yet, bringing Android up to speed with iOS and including exciting new features like:

  • Open Banking – Our CDR Gateway is now available in our whitelabel apps via mobile SDK
  • Better budgeting – Budget by category
  • Advanced search and filter – Search and filter by merchant, category or tag
  • Automatic goal tracking – Link a savings goal to an account and automatically track progress
  • Fully customisable dashboard – Choose and order widgets on the dashboard
  • Biometrics – Following iOS, Android now also utilises fingerprint and facial recognition to open the app

Have real impact

The Frollo PFM platform makes it easy for you to provide market leading Personal Finance Management features to your customers.

We recently launched one of our biggest updates yet, bringing Android up to speed with iOS and including exciting new features like:

  • Open Banking – Our CDR Gateway is now available in our whitelabel apps via mobile SDK
  • Better budgeting – Budget by category
  • Advanced search and filter – Search and filter by merchant, category or tag
  • Automatic goal tracking – Link a savings goal to an account and automatically track progress
  • Fully customisable dashboard – Choose and order widgets on the dashboard
  • Biometrics – Following iOS, Android now also utilises fingerprint and facial recognition to open the app

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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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