Lending is an area where Open Banking can deliver significant benefits for mutual banks and their customers. Using Open Banking to share financial information streamlines the process for both parties, saving them significant time and effort.
The Frollo Financial Passport is an easy way for banks, lenders and brokers to integrate Open Banking in their lending process, for mortgages, credit cards and personal loans.
The customer journey
The video below shows the customer journey for generating a Financial Passport, as well as example output documents for the bank, broker or lender:
- Financial Passport PDF
- Transaction list XLS