Frollo Open Banking Platform
Banking as a service (BaaS) software
Financial data APIs
Financial services software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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What is Frollo Open Banking Platform
Frollo Open Banking Platform is a set of APIs and supporting services for accessing and using consumer-permissioned banking data under open banking frameworks. It is used by banks, lenders, fintechs, and personal finance applications to aggregate account and transaction data, support consent management, and power analytics-driven experiences such as budgeting, affordability checks, and financial insights. The platform is oriented to markets where open banking data-sharing standards and consent requirements apply, with an emphasis on data aggregation and enrichment rather than issuing accounts or cards.
Open banking data aggregation
The platform focuses on connecting to financial institutions via open banking rails to retrieve account, balance, and transaction data with customer consent. This supports common use cases such as personal financial management, credit decisioning inputs, and account verification. Compared with broader banking infrastructure stacks, it is more directly centered on data access and normalization.
Consent and permissioning support
Open banking implementations typically require explicit customer consent, scopes, and auditable permissioning. Frollo’s platform is positioned to handle consent flows and ongoing access management as part of the data-access lifecycle. This can reduce custom work for teams building regulated data-sharing experiences.
Data enrichment for insights
Beyond raw connectivity, the platform is designed to make transaction data more usable for downstream applications through categorization and insights-oriented processing. This helps product teams build features like spend analysis and budgeting without implementing all enrichment logic from scratch. It is particularly relevant for consumer-facing financial wellness and money management use cases.
Not full BaaS stack
The product’s core is data access and related services, not end-to-end banking-as-a-service capabilities. Organizations needing account issuance, card issuing, ledgering, or payment processing typically require additional providers and integrations. This can increase vendor management and implementation complexity for full banking product builds.
Geography and scheme dependence
Open banking coverage and functionality depend on local regulations, data-sharing schemes, and bank participation. As a result, institution coverage, data fields, and reliability can vary by market and by bank. Buyers operating across multiple regions may need to validate coverage and parity country-by-country.
Variable data quality and latency
Transaction enrichment and categorization quality depends on underlying bank data, merchant descriptors, and model/rules performance. Some use cases (for example, real-time decisioning) may be constrained by bank update frequency and API availability. Teams may still need monitoring, exception handling, and supplemental data sources for edge cases.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Frollo Open Banking Platform (Frollo for Business) | Custom / Contact sales (no public pricing listed on official site) | Enterprise-grade Open Banking platform (CDR Gateway, Data Enrichment, Admin Portal, APIs). Official site directs prospective customers to "Talk to us" / contact sales; no public tiered pricing shown. |
| Frollo for Brokers | Free | Free online portal for mortgage brokers to securely receive account statements and financial data from clients (no cost stated on official site). |
| Frollo App (Frollo for You) | Completely free (no ads) | Consumer money-management app; official site describes it as "Completely free – (no ads)" with no in‑app purchases or premium fees. |
Seller details
Frollo Australia Pty Ltd
Sydney, NSW, Australia
2015
Private
https://www.frollo.com.au/
https://x.com/frolloapp
https://www.linkedin.com/company/frollo/
