Understanding the Financial Passport: A secure and simple guide for Fync clients
- Ash Gates
- Apr 2
- 4 min read
What is the Financial Passport and how does it work?
We understand that sharing financial data can feel daunting. That’s why this guide will explain exactly how the Financial Passport works, why it’s secure, and how you control what’s shared.
The Financial Passport - Open Banking service is made available to you and your broker at no cost by NextGen and Frollo.
NextGen is Australia’s leading provider of lending and finance technology, responsible for ApplyOnline, a platform used by many banks and brokers.
Frollo is a leading Open Banking technology provider and is owned by NextGen.
Both NextGen and Frollo are Accredited Data Recipients (ADRs) under the Consumer Data Right (CDR) framework, meaning they are government-regulated and required to follow strict data security measures.
What Is the Financial Passport?
Who Manages the Financial Passport?
How Does the Financial Passport Work?
How Safe Is the Financial Passport?
What Are the Benefits of the Financial Passport?
Frequently Asked Questions (FAQs)
How to Get Started
1️⃣ Contact Fync – Let us know you’d like to use the Financial Passport.
2️⃣ Check Your Email – Look for the invitation from Fync and click the link.
3️⃣ Set Up and Share – Follow the steps to share your financial data securely.
By using the Financial Passport, you’re making the loan process simpler, faster, and safer. If you have any concerns or questions, our team is here to help—just reach out!
Official Client Guide for Financial Passport
For full details on how the Financial Passport - Open Banking service works, please refer to the official Financial Passport Client Guide, provided by NextGen and Frollo. This document outlines the process, security measures, and your rights under the Consumer Data Right (CDR).
👉 Download the official client guide
As this service is provided and managed by NextGen and Frollo, Fync acts only as an intermediary to help clients understand their options. Any technical, security, or compliance-related concerns should be directed to NextGen or Frollo via their Financial Passport Support Hub.
Need More Information?
Visit the Fync website or speak with your Fync broker today to see how the Financial Passport can work for you.
*Disclaimer: Please note that the information provided in this communication is for general informational purposes only and should not be construed as professional advice. It is not intended to substitute for personalised financial, legal, or tax advice. Please consult a qualified professional before making any decisions based on the information provided.