Investments, Property

DomaCom announces bank pilot program

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.

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