CDR Gateway
Leverage our experience and technology to become an ADR and gain a competitive advantage with Open Banking data.
The CDR data opportunity
Consumers will be able to request data holders to share their data with ADRs, giving them more control of their data and driving competition & innovation.
Our solution:
The Frollo CDR Gateway is the market leading solution to manage consent and aggregate CDR data. It seamlessly integrates with our SaaS integration platform, providing you with plug & play access to Open Banking powered data enrichment, PFM features and our Financial Passport.
Key Features
The Frollo CDR gateway takes care of the complete process of managing consent and collecting CDR data and gives you access to the full suite of B2B solutions within the Frollo SaaS Integration platform.
CDR data collection
Collect CDR data from Data Holders on your customers’ behalf, with real time user initiated updates and up to 6 background refreshes per day.
Multi data source aggregation
One API for CDR, screen scraping and direct bank APIs for a complete
financial picture.
Direct access to Frollo SaaS Integration platform
The CDR gateway is part of our SaaS Integration platform, giving you plug & play access to our PFM features, Income & Expense and marketplace integrations.
Market leading transaction enrichment
Plug into our AI powered Data Enrichment engine and turn CDR data into insights, with 95% categorisation accuracy.
Consent management
A compliant consent management journey following ACCC CX guidelines: Consent collection, bank connections
& token management and consent withdrawal.
Key Benefits
CDR in a box
Easy to integrate API & SDK toolbox
Broad coverage
Easily supplement CDR data with other data sources
Proven technology
Our CDR technology is accredited and live in market under CDR rules
Leading the charge
Get access to new providers and products as they become available
Get started with our CDR Gateway
What will you build? Get in touch to discuss the possibilities or schedule a demo.
Case studies
We’re helping neobanks, traditional banks, Fintechs, lenders and employers get ahead of the competition with our B2B solutions. Here are some examples of partners and the challenges we’ve helped them with.
Volt Labs
Challenge
Volt Bank was waiting for APRA approval to launch core banking products and didn’t yet have an app in market. They wanted to engage the community of early adopters signed up as beta customers and start building products based on learnings from users.
Solution
By launching a ‘labs app’ with Frollo, the neobank was able to start more meaningful co-creation conversations and product testing with their beta customers and pre-seed their new account opening pipeline with a deeper level of customer data.
- Aggregation
- Data Enrichment
- Surveys
- Reporting
- Marketplace
Volt Bank
Challenge
After launching their savings account, Volt Bank was looking to launch a feature inside the Volt Bank app to help their customers develop a saving habit.
Solution
Result
Volt Bank was able to quickly launch their goals feature, using the Frollo SDK to integrate in their app.
- Goals
- User authentication
- Data enrichment
- Rapid deployment
- Cost efficient
Speckle
Providing financial wellbeing tools to their customers using a Frollo white label app.
Challenge
Speckle is an Australian not-for-profit, providing small loans for life’s expenses. They were looking for a way to help their customers better understand their finances and pay down their debts.
Solution
The Frollo lending whitelabel app gives Speckles’ customers the full picture of their finances, by integrating with their loan management system as well as aggregating other accounts and loans their customers have.
The personalised ‘debt journey’ helps their customers on their way to pay down debt and turn around their finances.
- Lending white label
- Personalised debt journey
- Loan management integration
- Customer authentication
- Cost efficient
Home Loan Ready
Challenge
An Australian Tier 1 lender wanted to help its customers feel more confident about being able to afford potential mortgage repayments, while at the same time acquire additional data to support their lending decisions.
Solution
The Home Loan Ready app challenges users to prove that they will make future repayments should they take on a new or increased home loan. The app enables users to set the size of future home loan payments, Frollo then tracks their goal payments and the user’s comfort-level with that commitment.
The lender was able to use this data for insights into share of wallet, potential loan size, savings and timing for loan offers.
- Goals & Challenges
- Customer acquisition
- Aggregation
- Data enrichment
- Smart Insights
- Home loan jouarney
Open Banking Use Cases
There are many different use cases for the real time, rich and accurate financial data Open Banking provides. Below are just a few of the use cases the Frollo Open Banking platform supports.
Income & Expense verification
Using CDR data to automatically verify the income and expenses of credit applicants, lowering the cost and increasing the effectiveness of lending decisions.
Onboarding automation
CDR can streamline the onboarding process by helping users automatically fill in their applications using CDR data.
Multi-banking
Financial institutions use CDR to offer their customers a full overview of their finances, including accounts they hold with other banks.
Account verification
Customers can easily prove account ownership using CDR data, when they're setting up payments.
Personal Finance Management
Using real time Open Banking data significantly increases the value PFM tools can deliver to customers.
Product comparison
Combining insights into a customer's financial situation with an up-to-date view of financial products available in Australia, means businesses can help their customers get a better deal.
Building your credit score
Building your credit score
Consumers can use their own financial data to build their credit score, proving their ability to repay loans
Identifying vulnerable customers
Sharing financial information with people or organisations you trust, so they can be notified when it looks like you're in trouble
Risk based pricing
The opportunity to price products bette for risk, and the specific situation of your customers
Latest news from Frollo
Who we're working with
We’re helping neobanks, traditional banks, Fintechs, lenders and employers get ahead of the competition with our Open Banking and financial wellbeing solutions.
Awarded
