Android users can get their first taste of Australia’s new data portability scheme from today following an update to Frollo’s mobile application to add open banking data. The Sydney fintech’s app received a major update for Android to incorporate real time transaction insights using Open Banking account linking. The Apple
Open Banking ramped up in Australia this month with the inclusion of consumer data held by the big four banks, the first phase to involve actual consumers’ data. The industry has warned, however, uptake by consumers will take years more and uncertainty about the rules is holding back the new
Financial management software company Frollo today announced its app is the first to integrate data from Australia’s Consumer Data Right. Elsewhere, global accounting software giant Intuit joins Frollo as one of three accredited CDR data recipients, and says it is working to incorporate bank feeds into its software in Australia.
Frollo, a financial management software company, is the first fintech and second company overall to receive accreditation as a data recipient in Australia’s upcoming Consumer Data Right system. On Friday the ACCC announced Frollo will join Regional Australia Bank as accredited data recipients in the data portability scheme set to