Moneyfarm partners with Fabrick to expand open banking offerings
Digital wealth management firm Moneyfarm has partnered with Italian open banking firm Fabrick.
The two firms are working together to create a joint solution for customers across the UK and Italy.
Under the agreement, Moneyfarm will publish its APIs on Fabrick’s platform. This allows banks and intermediaries to integrate the Moneyfarm service.
The pair claims this will enable the development of “fully flexible and modular exchange-traded fund (ETF) wealth management solutions”.
Moneyfarm has invested in several strategic partnerships in recent years. These include Yapily earlier this year and Poste Italiane in 2019.
Fabrick says this latest deal sees Moneyfarm consolidating its offering and making services available to a wider audience.
“Our model combines technology, convenience and personalised portfolio management. Our customers have particularly looked to and relied on during recent turbulent months,” says Giovanni Daprà, CEO of Moneyfarm.
“Through this agreement we are ready to make our offer available to players who need to integrate modern and innovative solutions easily through partnerships.”
Paolo Zaccardi, CEO of Fabrick, adds: “An innovative savings management service will be available in an “open” perspective for the first time in the industry.
“Fabrick was created precisely to enable new business and service models, making technological and consultancy skills available to the wider market.”