The Frollo PRD platform makes it easy and affordable for the only Indigenous-owned credit union in Australia to comply with their obligations to publish product reference data.
We’re excited to announce Traditional Credit Union (TCU) has partnered with Frollo and will be using the Frollo PRD portal to publish their product reference data.
TCU provides personalised, quality financial services for indigenous people and organisations in remote Australia. They’re a small credit union, but just like other Data Holder, from 1 October TCU are obligated to publish this product data in a specified structure, through APIs that adhere to performance, security and accessibility standards.
At Frollo we believe the Consumer Data Right is going to bring about more competition, innovation and ultimately a better deal for consumers. Key to the success of CDR is the participation of Data Holders and Data Recipients beyond the big 4 banks to drive this competition and innovation.
When we started building the Frollo PRD portal, our objective was to make it easy, affordable and worry free for any Data Holder to comply with PRD regulations. As a result some of the smallest and some of the largest mutuals have chosen to partner with Frollo for PRD. Not just to meet their October 1 compliance commitments , but because they see Frollo as a partner for the future.
We’re proud that Traditional Credit Union chose to partner with Frollo. It’s important that all Data Holders are able to participate in the Consumer Data Right, especially ones that are doing such great work for indigenous communities like TCU.
Gareth Gumbley, Founder and CEO (Frollo)
Choosing Frollo as a partner was a simple decision, they reflect our values, understand our mission of financial inclusion for Indigenous people electing to live ‘on country’ and provide access to technologies and skills normally reserved for major mainstream banking organisations.
Tony Hampton, CEO (TCU)
Traditional Credit Union will be compliant on 1 October 2020. Do you have your PRD compliance sorted? Talk to us now, we can have you set up in hours.
