REA Group Financial Passport

REA uses Frollo’s Open Banking powered Financial Passport to make home buying more accessible.

REA Group Financial Passport case study
Testimonial REA Group

At REA, we want to change the way the world experiences property. Empowering Australians to easily understand how they can finance their dream home is one way we can do this. Finances are an important part of the journey, and Open Banking provides an incredible opportunity to make this process better for consumers and lenders.

 

Leveraging Frollo’s technology and experience in Open Banking allows us to continue on our mission to change the way people experience property. Launching the first Open Banking use case in home buying on the REA platform will bring the benefits of Open Banking to many more property buyers.    

Eloise Wall, General Manager Financial Experiences, REA Group

Challenge

Insight into the consumers’ financial situation is a critical aspect of the home buying process. For lenders when approving a loan, but just as importantly for the consumer when deciding their borrowing power.

As Australia’s largest property platform, REA has an opportunity to make this process even easier by providing customers with financial insights early on in their home buying journey.

Solution

Millions of home buyers use realestate.com.au to find their next dream home. Now, they have the opportunity to generate a Financial Passport that shows them exactly what their finances look like. Using Frollo’s secure and user-friendly Open Banking service, it will take them only a few clicks to connect their financial accounts and download the report.

The Financial Passport will give them an in-depth view of their income, expenses, assets and liabilities, and help them understand what’s achievable much earlier in their home buying journey.

Features

In-depth financial overview

Easy to understand PDF

REA Features - share with broker or lender

Share with broker or lender

REA Features - Open Banking

Secure account with Open Banking

REA Features - instant download

Download report instantly

Case studies

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Financial Passport

Get in touch to find out how Frollo’s Financial Passport uses Open Banking to provide a real-time overview of your customers finances.

The only end-to-end Open Banking platform

Open Banking Platform

A modular, end-to-end solution for Data Recipients

Collect

Connect to 90+ banks with an out of the box, customisable consent flow, data sharing dashboard and advanced user management portal.

Enrich

Categorise transactions, detect bills, classify merchants and verify income with market leading accuracy.

Experience

Plug & Play access to Open banking powered solutions for lending, personal finance management and customer onboarding.