Empowering brokers with Open Banking: NextGen partners with Mortgage Choice

At NextGen, we’re passionate about transforming the lending experience through smart, secure, and seamless technology. That’s why we’re thrilled to announce our latest partnership with Mortgage Choice, marking the first phase of integrating Open Banking into their home loan application process.

Through this collaboration, Mortgage Choice brokers now have access to Frollo’s Financial Passport — our powerful Open Banking tool — directly within their proprietary loan origination system, Broker Platform. This integration brings AI-powered insights to the forefront, helping brokers deliver faster, more accurate, and more personalised service to their clients.

A strategic step forward

As Nicole Devine, General Manager Product at REA Group’s Financial Services business, put it: “This partnership is a pivotal next step in our tech roadmap, and underscores our commitment to equipping brokers with systems that help them save time and deliver even better customer outcomes.”

The Frollo Financial Passport leverages the Consumer Data Right (CDR) — an opt-in framework that allows consumers to securely share their financial data with their broker. This not only enhances transparency and trust but also significantly reduces the time required to verify assets and expenses.

Real-time insights, real results

In today’s fast-paced lending environment, speed and accuracy are everything. With Open Banking, brokers can now provide real-time insights into a customer’s financial position, helping lenders make faster, more informed decisions.

Nicole added: “This new tool will help brokers improve conversion rates on pre-approvals, reduce processing times, and elevate the customer experience.”

Leading the way in Open Banking adoption

We’re proud to be at the forefront of Open Banking adoption in Australia. As Renee Blethyn, Head of Broker Partnerships at NextGen, shared: “We’re excited to bring Mortgage Choice brokers the most advanced technology available, and offer their clients a safer, more secure way to share their information.”

“Open Banking is gaining real momentum, with 25% of all mortgage brokers in Australia now having access to Frollo’s Financial Passport to support their operations.”

This partnership is just the beginning. At NextGen, we’re committed to driving innovation that empowers brokers, enhances customer outcomes, and shapes the future of lending.