Frollo had a successful year in 2020, launching 5 new Open Banking powered products and helping users increase savings and reduce debt. As a leader in Open Banking, Frollo shared knowledge through webinars, articles, and reports. In 2021, Frollo is focused on continued product growth and helping more businesses utilize Open Banking.

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2020yearin
review
Frolloisapurposedrivenfintechonaquesttohelppeoplefeelgood
aboutmoney.We’venotonlybuiltthesimplestwayforpeopletoturn
aroundtheirfinances,weuseourtechnologytohelpbusinessesdothe
samefortheircustomers.
https://frollo.com.au/blog
AsaleaderinOpenBankingwe’vetriedtoshareourknowledgeasmuch
aswecanthisyear,byhostingandjoiningwebinars,givinginterviews,
publishingarticles,infographicsandreports.Manyofthemyoucanfind
on
2020hasbeenanextraordinaryyearinmanyregards,butalsoayearinwhichtheFrolloteamandourpartnershaveachievedsometrulygreatthings.
You’llfindabriefsummaryofourhighlightsbelow.Manythankstoeveryonewhohashelpedusgettowhereweare,we’reexcitedabout2021!
Welaunched5OpenBankingpoweredproductsthisyear!
Impact
$204$2,122
Onaverage,Frollousers
saved$204bycompleting
in-appchallengesin2020.
TheaverageFrollouser
increasedtheirsavings
by$2,122in2020.
$451TheaverageFrollouser
reducedtheircreditcard
debtby$451in2020.
hand-holding-usdsack-dollarheart
LaunchesProduct
Highlights2020
LeadershipThought
Frollo’sCDR testingexperienceandtechnologymadeavailabletoDataHolders
DataHolderTesting
tasks
StreamlinecreditdecisionsusingOpenBankingdataandAI
StatementofFinancialPosition
file-spreadsheet
AsimpleandfutureproofwaytopublishOpenBankingproductdataAPIs
PRD portal
Cloud
AI powereddataenrichmentturningrawtransactiondataintomeaningfulinsights
DataEnrichmentAPI
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ADR asaServiceplatformwithplug& playaccesstoourOpenBankingpoweredfeatures
CDR gateway
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FrollobecomesISO27001accredited
Frollo2.0launches: ourredesignedconsumerappwithOpenBankingcapability
FrolloengineerBrettHoppermakesthefirstOpenBankingconnectioneverinAustralia,betweenFrolloandNAB
TheConsumerDataRight(CDR) launchesinAustralia,withFrolloasthefirsttogolivewithCDR inourconsumerapp
Frolloisacquired byNextGen.Net,Australia’sleadingmortgagetechnologyprovider
SpeckleLoanslaunchestheirmobileappusingtheFrollowhitelabelplatform
WerolloutourAI powered dataenrichmentintheFrolloconsumerapp,significantlyimprovinguserexperiencethroughbettercategorisationandmerchantclassification
January
June
July
WelaunchthenewFrollobrand
andacompletelynewwebsite
‘ThestateofOpenBankinginAustralia’
FrolloandNextGen.Netpublishtheinauguralreport
P&N Bank,CreditUnionSA,DefenceBank,bcu,TraditionalCreditUnion,BNK andNICU
publishtheirOpenBankingproductdataAPIsusingtheFrolloPRD portal
Frollowins‘BestOpenBankingplatform’attheFintechAwards
VirginMoneyAustralialaunchestheirdigitalbankfor‘Friends&
family’,usingFrollodataenrichment,insightsandfinancialwellbeingfeatures
FrollosignsanumberofbigbanksonitsOpenBankingandPFMplatform.Wecan'tyetsaywhotheyare,but2021islookingexciting!
120,000usersontheFrolloplatform
FrollobecomesthefirstFintechAccredited DataRecipient
May
September
October
November
December
webinars
blogarticles
checklistinterviews
infographics
reports
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36
148
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2
DoyouseeOpenBankingasawaytogetaheadofyourcompetitionin
2021? Getintouchtodiscussthepossibilitiesorlearnmoreat
https://frollo.com.au/open-banking.
Getting ahead with Open Banking in 2021
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*DebtreductionandsavingsincreaseisanaverageacrossallFrollousers,savingsthroughchallengesisanaverageacrossalluserswhocompletedatleast1challengein2020.
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