AFG is excited to announce a new agreement with Open Banking provider Frollo, further extending AFG’s focus on investigating Open Banking solutions for brokers and their clients. This deal extends and deepens the existing relationship between the two companies.
As one of the most experienced Accredited Data Recipients (ADR) in Australia, Frollo will support AFG in its application to become an ADR and deploy the solution to its brokers under the proposed ‘trusted adviser’ model.
AFG is in the process of applying to become an ADR, which will allow it to use Frollo’s CDR Gateway to empower consumers to apply for finance in a more streamlined and efficient way. By leveraging Open Banking, this will speed up mortgage applications with data trusted by banks.
Mark Hewitt, AFG General Manager Industry & Partnerships, explained the move, “AFG is committed to providing innovative solutions that will help our brokers stay at the forefront of technology advancements in financial services.
“The CDR gateway from Frollo can enable many use cases that could be deployed to AFG brokers. We are very excited about the potential for Open Banking in the mortgage sector”.
“Leveraging Frollo’s leading-edge technology and experience in Open Banking ensures our brokers will be well equipped to continue to deliver excellent customer outcomes.”
AFG are looking forward to working with Frollo and providing our brokers with a complete, real-time overview of their customers’ finances and to help their customers achieve their financial goals.