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Key Takeaways:
By understanding these Consent management features, you can build trust in the compliant data sharing process. |
As a Consumer, understanding how your Consent is managed within Frollo is crucial. Informed and voluntary Consent is fundamental to safeguarding privacy and ensuring compliance. Here's a breakdown of how Consent is managed:
Explicit Consumer Consent Required
Frollo can only access your Open Banking data if you have explicitly provided your Consent. This ensures transparency and control.
Clear and Concise Information
Within your Frollo Account, you are presented with all the necessary information in a clear and concise format before providing Consent. This allows you to make informed decisions.
Flexible Consent Duration
You can choose to share your data for a 3, 6, or 12-month period, giving you control over the duration of data sharing. During this time, your Mortgage Broker can retrieve the last 6 or 12-months of historical bank account transaction data, and refresh that data (as required).
Consent Management via Consent Dashboard
You can manage and withdraw your Consent at any time through the Consent Dashboard within your Frollo Account.
Consent Dashboard Details
Your Consent Dashboard provides comprehensive information including:
- Exactly what information you are providing access to and how it will be used.
- Who will have access to your data (e.g., you and your Mortgage Broker).
- How long they will have access to your data.
- How you can manage and withdraw your Consent.
CDR Policy
Our CDR Policy outlines in detail how Frollo manages Consumer Data Right (CDR) data. We recommend familiarising yourself with this policy for a comprehensive understanding.