Obol, an AI-driven cash flow management platform for modern businesses, has launched in Australia by collaborating with Mastercard , leveraging its open banking capabilities to support secure connectivity to financial data and expand access to real-time cash flow management.
"Australia represents a major milestone in Obol's international expansion," says Aviv Sadra, co-founder of Obol. "Cash flow is the cornerstone of every business, and Obol is built to manage it at scale.
Supporting standardised access to banking data
Obol will integrate with Mastercard's open banking capabilities to support standardised access to banking data across participating financial institutions in Australia.
"Open finance is unlocking new opportunities for businesses to better understand and manage their finances," says Brenton Charnley, head of Open Finance at Mastercard Australasia. "We're excited to work with Obol, supporting the expansion of their cash flow management solution in Australia by enabling secure and reliable access to financial information."
“Teaming up with Mastercard allows us to launch in Australia with an established open banking infrastructure and secure access to financial data. We're excited to bring Obol to Australia and give small and mid-sized businesses a stronger way to manage and control their cash flow," Sadra added.
