Fabrick and Prometeia launch Global Investment Portfolio

By Megha Bhattacharya

Fabrick, an Italian FinTech company that operates internationally to promote Open Finance, and Prometeia, a consulting, software and research company, today announced the launch of Global Investment Portfolio, a digital wealth management solution that harnesses the power of artificial intelligence and open banking. The solution has been created through a new strategic partnership between the two companies that responds to the needs of modern customers and represents an evolution in the world of digital wealth management.

Matteo Necci, Partner of Prometeia, said: “Global Investment Portfolio is a cutting-edge solution with respect to the main trends in Digital Finance and is proposed as a distinctive element in the automation and digitisation of customer advisory processes. The combination of our know-how in artificial intelligence solutions for wealth management with Fabrick’s open banking expertise and ecosystem allows intermediaries to have in-depth knowledge of the investor’s financial portfolio, fully developing the potential of PSD2”.

Global Investment Portfolio, an advanced digital wealth management platform, puts together an investor’s overall financial portfolio through the aggregate analysis of the bank accounts held by them across various institutions. The artificial intelligence works by inferring and spotting information generated by asset management activities run by other banks without the need for direct access to all of an investor’s separate investment accounts.

Global Investment Portfolio is already integrated into Prometeia’s Digital Wealth Management Platform as a cloud service.

Paolo Zaccardi, CEO of Fabrick, adds: “Wealth Management is a sector that is proving to be very active in exploiting the benefits of Open Finance to develop new digital services that meet the needs of the public and end consumers who increasingly have new expectations and ever evolving behaviours. Fabrick is an active part of this process and the partnership with Prometeia demonstrates how access to current account data represents only the tip of the iceberg of the numerous opportunities presented by our ecosystem and the collaborative approach we promote. You just have to look at the Global Investment Portfolio solution to understand the great value that the combination of account aggregation and data categorisation brings to all the players involved, tangibly enabling a new and more complete and personalised offer model.”