Frollo: Phases out screen scraping in favour of Open Banking
- Frollo, a purpose-driven fintech on a quest to help people feel good about money
- Announced that it’s phasing out screen scraping in its free money management app, where Open Banking is available
- It has already disabled screen scraping for ANZ, CommBank, NAB and Westpac and is planning to do the same
- The company says improved security, user control and access to real-time transaction data make Open Banking
- In addition, the Big Four banks now support data sharing for over 30 different product types via Open Banking
- It’s the start of a new era where consumers are in control of their own data
