AFG and Frollo join forces to improve mortgage lending with Open Banking data
AFG will leverage Frollo’s platform to help brokers and their customers benefit from Open Banking.Open Banking provider Frollo has announced they’ve signed AFG as the latest client for their Open Banking platform. As one of the most experienced Accredited Data Recipients (ADR) in Australia, Frollo will support AFG in becoming an ADR themselves and deploy the solution to its brokers under the upcoming ‘trusted adviser’ model.AFG will use Frollo’s CDR Gateway to empower consumers by enabling them to share their financial and banking data with their trusted broker, for the purposes of assisting those customers to apply for finance in a more streamlined and efficient way. By leveraging Open Banking, this will speed up mortgage applications with data trusted by banks. Mark Hewitt, AFG General Manager Industry & Partnerships explained the move: “AFG is committed to providing innovative solutions that will help our brokers stay at the forefront of technology advancements in financial services. The CDR gateway from Frollo can enable many use cases that could be deployed to AFG brokers. We are very excited about the potential for Open Banking in the mortgage sector.Leveraging Frollo’s leading-edge technology and experience in Open Banking ensures our brokers will be well equipped to continue to deliver excellent customer outcomes.”Gareth Gumbley: “Open Banking has the potential to deliver incredible value for consumers, particularly when it comes to mortgage applications. We’re excited to work with AFG and provide their brokers with a complete, real-time overview of their customers’ finances to help their customers achieve their financial goals.”
About FrolloFrollo is a purpose driven fintech and Australia’s first Open Banking intermediary. We help businesses use Open Banking data to deliver better customer outcomes. From reducing debt and increasing savings, to providing a better, more personalised customer experience.Our modular, end-to-end Open Banking platform enables businesses to bring Open Banking powered use cases to market quickly by leveraging Australia’s most advanced and reliable CDR Gateway, with plug & play access to lending, personal finance management and customer onboarding solutions.Trusted by clients like ANZ, Volt, REA Group, P&N Bank, bcu and Bank of Queensland, Frollo is an Australian market leader in Open Banking.
For media enquiriesPiet van den BoerFrollo0468 375783piet@frollo.us