Leading Australian FinTech Frollo acquired AI-powered savings provider

September 02, 2019 | Financial Education
Written by FinTech Alliance
Leading Australian FinTech Frollo acquired AI-powered savings provider

Frollo has bought Hip Money, a US originated Australian based technology startup.

In Brief: 

  • Hip Money uses AI powered technology to help users eliminate debt and save money.

  • Frollo is a platform that provides insights for users to manage their spending.

  • The company hopes to expand in order to enhance its offering to banks and credit unions – including AI.

What does this mean?

Hip Money’s expertise in AI will help Frollo’s wider aim of supporting the financial wellbeing of its users – it will do this by making recommendations and providing information so users can make their own decisions, as this kind of educated autonomy becomes increasingly popular.

Read more here.

More in Financial Education

Our new retirement tool will help users imagine their future

Posted By The Community

Financial Education
October 21, 2019

Our new retirement tool will help users imagine their future

Imagining your future retirement and how much you’ll need for it can be difficult when it’s so many...

Written By: Wealth Wizards

MyEva scoops top award for workplace innovation

Posted By The Community

Financial Education
September 26, 2019

MyEva scoops top award for workplace innovation

Can you hear Champagne corks popping? That’s because MyEva, the independent digital adviser for t...

Written By: Wealth Wizards

There are no Knowledge Bank in this category

There are no Events in this category