Beyond Bank has commenced a pilot program with Australian fintech Frollo that lets users see all of their money in the one place.
Frollo has backed the ACCC’s warning that it intends to take enforcement action to ensure compliance if the banks and other data holders don’t start sharing more information.
Frollo, Australia’s leading Open Banking provider, has launched a free tool for consumers to get a snapshot of their finances.
Out of the Data Holders included in Frollo’s analysis, St. George Bank provides most of the data, while NAB and UBank trail behind.
Open Banking provider Frollo will partner with customer-owned bank, Beyond Bank, to use Open Banking to deliver better customer outcomes.
Frollo and RSM have published an updated version, based on the final rules and including a roll out schedule for each of the CDR access models