Statement of Financial Position
Streamline credit decisions with increased speed and accuracy.
Why use Frollo
Combining our market leading transaction categorisation and open banking experience, the Frollo Statement of Financial Position will help you reduce cost and improve Time To Yes.
Market leading accuracy
Built on top of our AI powered Data Enrichment, delivering a market leading 95% categorisation accuracy.
Built for open banking
Built from the ground up to work with multiple data sources, including CDR data, third party aggregators and direct bank APIs.
Fully customisable
Map our detailed categorisation hierarchy to your lending decision categories to ensure the most accurate assessment of your customers' finances.
Increase speed & reduce cost
Get an accurate, verified assessment in minutes instead of days, reducing paperwork & handling, and improving quality of customer interactions.
Key Features
Complete financial picture
Get a detailed and accurate financial picture across income, assets, expenses and liabilities.
Speed
A comprehensive Statement of Financial Position mapped to your lending criteria within minutes.
Paperless and API driven
Does not rely on your customers time and ability to provide their financial details.
Flexible
Receive customised reports or use our API to insert the results into your own systems.
How it works
Find out more
Get in touch to find out how Frollo Affordability can help your business streamline credit decisions, improve Time To Yes and reduce cost.
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
Other products
Our SaaS Integration platform sits at the core of the Frollo ecosystem, bringing together our AI engine, API’s, partner integrations and Open Banking solutions.
Aggregation
One API to create a single customer view
Data Enrichment
Turn raw transaction data into insights using AI
Insights
Personalised and actionable financial insights
Financial wellbeing score
One simple score and steps to turn finances around
Budgeting
Smart budgeting with powerful data visualisation
People like you
Powerful community-driven insights for users
Goals & challenges
Improve financial wellbeing by tracking progress
Bill tracker
Help users stay on track of regular payments
Product switching
Better outcomes with more relevant offers for users
Journey builder
Build personalised, omnichannel user journeys