back Back

BCU BANK launches a new open banking tool, mymo

By Leandra Monteiro

April 24, 2023

  • API Banking
  • Australia
  • BCU Bank
Share

BCU BankBCU Bank (BCU), has launched a new personal financial empowerment tool, mymo by BCU. The new tool has been developed in partnership with Frollo and launched under the Australian Government’s Consumer Data Right (CDR) Scheme as part of Open Banking.

Through mymo, BCU customers will have access to a range of powerful money management and financial well-being tools, allowing them to keep better track of their spending and budgeting all in one place to achieve better financial empowerment.

BCU Bank, General Manager, Mark Smyth said, “Through our research, we know most of our customers give themselves a pass mark for financial literacy; but they don’t have the intimate knowledge around what they should and shouldn’t be looking for. Using mymo by BCU, our customers will be able to keep a better track of their spending, goals and budgeting to achieve financial empowerment. They can also make the app their own through personalisation, including reorganising transactions categories, because it’s their money, used and spent their way. Technology and apps are an important part of the banking experience, and in today’s world they are expected to be easy, intuitive, and part of the day-to-day.”

Frollo CEO, Tony Thrassis said, “We recognise that financial well-being tools are an essential component of the modern digital banking experience, and we believe that Open Banking is the key to providing customers with a comprehensive view of their finances”.

“We are thrilled to collaborate with BCU to leverage Open Banking’s potential to deliver even more value to its customers. This partnership is a testament to our shared commitment to innovation, and we look forward to working closely with BCU to drive positive change in the industry.”

The tool includes features designed to help customers make their money work for them. Safely and securely linking a customer’s accounts across all financial institutions in one place, mymo provides users with a full picture of their finances, with personalised insights and reminders to help them take control of their budget and reach their goals faster.

Previous Article

April 24, 2023

Why does Europe lead the world in cyber threat protection?

Read More
Next Article

April 24, 2023

FintechOS partners with EY to boost innovation of financial institutions

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Agora expands into Australia’s real estate market

Read More

February 12, 2025

T2 acquires majority stake in Saudi startup Moola

Read More

February 11, 2025

Kivra and Trustly partner to develop Autogiro for seamless payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More