Statement of Financial Position

Streamline credit decisions with increased speed and accuracy.
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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.

Statement of Financial Position

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.

White Label Solution

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

API & SDK

Volt Bank

Volt bank logo black white

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

Volt Bank used the Frollo SDKs to quickly integrate the proven PFM functionality Frollo offers.
 
Frollo supplemented the Volt iOS and Android teams with developers to accelerate the integration of the SDK. They also integrated user authentication and transaction enrichment at this stage, making it easy to rapidly roll out new features.
 

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

White Label Solution

Speckle

speckle loans

Challenge

Speckle is an Australian not-for-profit (part of NAB), 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

User authentication

Aggregation & Enrichment

Rapid deployment

Cost efficient

White Label Solution

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

Data enrichment

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

Frollo dashboard screen

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

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