Key Takeaways:
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When applying for a loan with the help of your Mortgage Broker, you might want to know how often your financial data is shared with them after you've given Consent through your Frollo Account.
Here’s a breakdown to help you understand:
Understanding How Your Data Is Shared
Your Consent Is Key
Frollo or NextGen can only access your Open Banking Data if you give your explicit Consent. Your Consent is both informed and voluntary, which means you make the decision freely and understand what you are agreeing to.
Clear Information for You
Before you give your Consent, your Frollo Account will show you all the necessary information in a clear and simple way, so you can make an informed choice.
Choose How Long to Share
You can decide to share your data for 3, 6, or 12-month periods.
Manage Your Consent Anytime
You have control over your Consent. You can manage it at any time through the Consent Dashboard in your Frollo Account.
What You See in the Data Sharing (Consent) Dashboard
Your Data Sharing dashboard shows you:
- Exactly what information you are sharing and how it will be used.
- Who will have access to your data (your Mortgage Broker).
- How long they will have access to your data.
- How you can manage and withdraw your Consent.
Data May Be Updated
During the Consent period you have chosen, your Mortgage Broker can refresh your data at any time. This means your data might be shared multiple times while your Consent is active. You will not be notified each time your Mortgage Broker refreshes your data.
Our Commitment to Your Data
Our CDR Policies outline in detail how we manage your Consumer Data Right (CDR) data.
Access to the corresponding CDR Policy is provided before you decide to consent. We encourage you to review this for more information: