Fabrick, an open banking platform, and Bitpanda – a digital investing platform offering stocks, digital assets and more, have joined to create a white label solution for Italian banks and Fintechs. The service enables users to give their customers and clients access to the growing world of over 170 digital assets.
Bitpanda is Austria’s first-ever Fintech unicorn. Fabrick is the top open banking provider in Italy – that operates internationally. The two companies say they will help traditional banks and Fintechs offer their customers access to a portfolio of digital assets which they can begin investing in from as little as €1 with a market-ready API solution that can be easily be integrated.
Orlando Merone, Country Manager Bitpanda Italy, said they have been successfully enabling people to invest in cryptocurrencies, commission-free fractional stocks, ETFs, and precious metals through its investment platform used by more than 3 million users across Europe.
“We are delighted to announce our strategic partnership with Fabrick, which will accelerate the digital transformation of the Italian banking ecosystem, enabling both established and innovative players to offer their clients digital assets, as well as custody and wallet services.”
Paolo Zaccardi, co-founder and CEO of Fabrick, stated:
“Fabrick is proud to partner with a trusted operator such as Bitpanda and consequently make a truly innovative and accessible investment service available in Italy through our Open Finance ecosystem. The collaboration is a testament to Fabrick’s philosophy and belief that when different players in the financial ecosystem work together, it enables all operators to easily integrate new services and quickly respond to the needs of their customers and emerging market demands. The co-creation of highly customised digital projects for the benefit of the end-customer is amongst Fabrick’s key goals and an increasingly rich Open Finance ecosystem is making this possible.”
Bitpanda reports that in less than 6 months after its entry into the Italian market, it expects to reach 100,000 customers within the year. The company recently announced the opening of its Blockchain Research & Development Hub, a global initiative focused on building cutting-edge technologies that consolidates its position as a leader in the development of blockchain technology.