Open Banking is part of the Consumer Data Right, which gives individuals and businesses access to information about key goods and services on offer to them.

Coastlines Open Banking allows Third Parties (such as Frollo), to retrieve information about products we currently offer. And share the data of some existing products held with the third party. This currently includes individual savings accounts and will soon offer join and non-personal accounts.

What is Frollo

Frollo is a Fintech (Financial Tech) company with a goal to provide businesses and consumers with a reliable Open Banking Platform. Frollo was the first FinTech in Australia to be an Accredited Data Recipient after the Consumer Data Right Legislation was Introduced in May 2020. Shortly after they became the first to introduced Open Banking in the form of their Frollo app.

Open banking with Frollo

Coastline and Frollo are collaborating to provide consumers with a trustworthy and reliable Open Banking solution. Frollo’s Open Banking allows consumers to keep track of their finances in one easy to read Money Management Platform. The ability to view your Coastline Accounts as well as accounts from 90+ other financial institutes means keeping track of your finances is easy.