Fractional investment specialist fund manager DomaCom has struck a deal to have a major banking institution use its fractional investing model for a pilot program.
The initiative has been established with one of the big four banks and will be run for a period of six months.
It comes as the result of a three-month review process.
According to DomaCom, should the pilot be a success it will lead to a commercial deployment within the bank.
“DomaCom has always been an intermediated business and has been seeking a large B2C (business-to-consumer) partner for some time and we are looking forward to progressing this pilot with the bank,” DomaCom chief executive Arthur Naoumidis said.