Frollo launches Open Banking powered Financial Passport in app

Frollo launches Open Banking powered Financial Passport in its free app, providing users with an easy to understand financial snapshot.

Giving every Australian access to a PDF snapshot of their finances, for free.

Frollo, Australia’s leading Open Banking provider, has launched a free tool for consumers to get a snapshot of their finances. Powered by Open Banking, the ‘Financial Passport’ provides an easy to understand overview of income, expenditure, assets and liabilities for the last twelve months. 

Consumers can use the PDF to get a better understanding of their financial position and borrowing power, or share it with their broker to facilitate a conversation about their financial future. The report includes a monthly overview of a users’ income and expenses, an overview of all their assets & liabilities and a detailed breakdown of where they spent their money.

Financial Passport is a logical next step for the app

The Financial Passport is available for consumers in Frollo’s free personal finance management app, as an additional feature. In the app, consumers can link their financial accounts using Open Banking to get an overview of their finances, set budgets and track their financial goals. Now, they can also download an easy to understand snapshot of their finances as a PDF.

Kris Davant (Frollo’s Head of Product) explains: “The Frollo money management app helps people improve their finances by providing them with a full overview of their accounts, smart insights and tools to take action. A logical extension of this is to help them be more prepared for one of the biggest financial decisions they’ll make in their life – applying for a mortgage.”

In addition to making the Financial Passport available to consumers in the Frollo app, Frollo also works with lenders, brokers and fintechs to streamline their lending decisions by integrating directly into their application process.

Leave a Reply

Your email address will not be published. Required fields are marked *

Disrupting banking at the ABA 2022 conference

Disrupting banking at the ABA 2022 conference

Simon Docherty (Frollo CCO) shares his thoughts on the role of Open Banking in

Open Banking – The consumer perspective
State of Open Banking 2024 - Trusted Advisers

Open Banking – The consumer perspective

Uncovering Australians’ interest in, and concerns with Open Banking powered

You May Also Like