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Frollo crowned best money management app

Open banking fintech Frollo has taken the lead in the growing market for personal financial management tools, winning the Mozo Experts Choice Award for best money management app for the second year running. Mozo based its decision on the quality of security measures, budgeting functions, transaction categorisation and alerts. It also rated money management apps on how many of the 20 biggest Australian banks app users can link to. Frollo is an accredited data recipient under the Consumer Data Right and active in the development of open banking functionality. Its technology is used by a number of other financial institutions to access open banking. They include Beyond Bank, P&N Bank, Virgin Money Australia, Volt Bank AFG and Canstar.

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