A new money management software called “Beyond Bank+,” which offers users a complete view of their money across more than 400 financial institutions, has started its pilot phase at Beyond Bank.
The customer-owned bank integrates “financial well-being” elements into the app using Frollo’s personal finance management (PFM) platform and open banking platform, CDR Gateway.
Alongside the bank’s current digital platform, the badged version of Frollo’s white-label app will serve as a companion service for its 290,000 customers.
In accordance with the government’s
Beyond Bank received accreditation as a data recipient in September in accordance with the government’s consumer data rights programme, allowing it to take consumer data and offer open banking goods and services.
The Beyond Bank+ app was initially tested in September with “a controlled pilot group using’screen scraping’ to gather transactions,” according to a Beyond Bank representative.
“We picked this strategy since it allowed us to move more swiftly, testing both the whole consumer experience and our internal processes before we launched more broadly,” the representative said.
data rights programme, Beyond Bank was granted accreditation as a data recipient in September, enabling it to accept consumer data and provide open banking products and services.
According to a Beyond Bank spokeswoman, the Beyond Bank+ app was first tested in September with “a controlled pilot group using’screen scraping’ to gather transactions.”
The spokesperson said, “We chose this method since it allowed us to move more quickly, testing both the full consumer experience and our internal processes before we launched more widely.”
Beyond Bank received accreditation as a data recipient in September in accordance with the government’s consumer data rights programme, allowing it to take consumer data and offer open banking goods and services.
The Beyond Bank+ app was initially tested in September with “a controlled pilot group using’screen scraping’ to gather transactions,” according to a Beyond Bank representative.
“We picked this strategy since it allowed us to move more swiftly, testing both the whole consumer experience and our internal processes before we launched more broadly,” the representative said.
