AFG will leverage Frollo’s platform to help brokers and their customers benefit from Open Banking
We’re excited to announce that we’ve signed AFG as a client for our Open Banking platform. As one of the most experienced Accredited Data Recipients (ADR) in Australia, we will also support AFG in becoming an ADR themselves and deploy the solution to their brokers under the upcoming ‘trusted adviser’ model.
AFG will use our 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.”
The Frollo Open Banking platform
Leverage Australia’s leading Open Banking platform to deliver better customer outcomes.
- Collect – Instant access to more than 80 financial institutions
- Enrich – Turn data into insights with market leading transaction categorisation
- Experience – Plug & play access to solutions for PFM, lending and customer onboarding