Beyond Bank will pilot the Frollo PFM platform to rapidly launch a white label financial wellbeing app alongside its main banking app.
On average, Frollo’s clients launch their white label app on iOS and Android within 5 – 8 weeks from signing the contract. The Frollo PFM platform will enable Beyond Bank to offer its customers a proven and impactful financial wellbeing experience, without a lengthy and expensive development process.
Out of the box, Beyond Bank will be able to offer its customers:
- A full financial overview – All of their financial accounts in one place, with transactions grouped into meaningful categories and enriched with merchant information
- Smart insights and nudges – AI powered smart insights to help customers better understand their financial position and take steps to improve
- Financial wellbeing tools – A complete toolset to achieve their financial objectives, including bill tracking, budgeting and goals
Although Beyond Bank will initially launch their new PFM app alongside its existing, award winning banking app, the Frollo PFM platform enables the Bank to seamlessly integrate the features into their own app at any time in the future.
Peter Rutter, General Manager of Brand and Community, Beyond Bank, said:
Gareth Gumbley, Frollo’s CEO & Founder said:
“We’re excited about our partnership with Beyond Bank for multiple reasons. For one, as a purpose driven fintech, our values very much align with theirs. We’ve built a platform that has a proven, positive impact on the financial wellbeing of consumers and Beyond Bank is a great partner to bring this to more Australians. By launching a white label app alongside its banking app, Beyond Bank also shows an appetite to innovate and learn. They’ll be able to go live, offer real value to their members and start learning more about their behaviour right away, using those learnings when they build these features into their main banking app.”
