Mortgage broking group AFG has joined forces with Frollo to improve mortgage broker experience using open banking technology.
The deal, which builds on an existing partnership between the two firms, furthers AFG’s focus on open banking solutions for brokers and their clients.
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Frollo, which is a key Accredited Data Recipients (ADR) in Australia, will aid AFG in its application to become an ADR and deploy solutions for its brokers.
Notably, AFG is working to become an ADR, which will allow it to use Frollo’s CDR Gateway to streamline and speed up the financing process
AFG general manager industry & partnerships Mark Hewitt said: “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.”
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By GlobalData“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.”
Frollo founder and CEO Gareth Gumbley said: “Open Banking has the potential to deliver incredible value for consumers, particularly when it comes to mortgage applications.
We’re excited to work with AFG and provide their brokers with a complete, real-time overview of their customers’ finances to help their customers achieve their financial goals.”
