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Welcome to your MOGOPLUS monthly newsletter of market, industry & tech trends and product updates. Keep reading to learn more and please don’t hesitate to contact our team who are more than happy to help.

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In this month’s edition, we are looking at:
  • MOGOPLUS Latest Developments & Enhancements
  • New Owner-Occupied loans increase for the first time since May
  • Open banking expo white papers
  • RBA: Payments to rise by 60% for 14% of fixed-rate borrowers
  • Tips and reminders
  • Customer Satisfaction Survey - Final submission date on 16th October 2023.

MOGOPLUS Latest Developments & Enhancements

  • Enhanced user experience in the MOGOPLUS Dashboard

  • Improved robustness of the data ingestion modules

  • Further improvements on the accuracy of the categorisation engine

Tips & Reminders

  • Output that is simple, clear and concise
  • Clear overview of the most important data points
  • Three-tier data hierarchy and analytical modules for fast insight generation
  • Built with the highest available security frameworks and protocols

Product Highlights

  • Consistent 98.5% categorisation accuracy
  • 120+ Categorise across Income & Expenses
  • Aggregated Case Reports for Multiple Applicants, Institutions & Accounts
  • Industry Standard Categorisation Framework for Credit Decisioning
  • Enriched Data Analytical Modules & Insights

To find out more about GO CAT, please reach out to info@mogoplus.com

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Customer Satisfaction Survey

Final reminder that the Customer Satisfaction Survey has been distributed to key decision-makers and stakeholders - Help us improve by sharing your insights and experiences. Your feedback will help us continue to enhance the quality of our products and services by better meeting your needs. Please note the final submission date is 16th October 2023.

Product Enhancements

Continued Open Banking Development
  • Our latest release increased efficiency and simplified API calls, allowing us to create applications with account data across different banks in just ONE API CALL. Additionally, we can now run multiple products such as GO-CAT, Income Verification, Insights Lite… under one single payload. These changes have led to processing time uplift and easier integration.

  • Enhanced security and authentication in alignment with Financial API (FAPI Standard Compliance)
    • Branding Development
  • Enhancements have been made to MOGOPLUS workflow branding, making it fully customisable across all workflows.
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    Industry Headlines

    Konsentus: Open Banking underway or live in 68 countries

    According to a study by Open Finance technology and advisory services provider Konsentus, Open Banking has been adopted by 68 countries globally, with the majority electing for a regulatory-led approach. Of those Open Banking initiatives, 64% have been mandated by legislation…

    Learn more

    ASIC to focus on hardship

    ASIC has sent an open letter to 30 major lenders, urging support for customers facing financial hardship. They set out 12 expectations of lenders to meet their obligations.

    “In this context, it is critically important that lenders have appropriate arrangements to respond to and support consumers experiencing financial hardship,” it said…

    Learn more

    MOGOPLUS End of Year Office Shutdown

    As the festive season approaches, we would like to inform you about our End of Year office shutdown period, which will be in effect from 25th December 2023 to 5th January 2024.

    We know how important our business is, and we’ll be keeping things running over the shutdown break. Skeleton staff are available to ensure there is no service disruptions.

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