(Alliance News) - Confinvest Spa announced Thursday that it has signed a partnership with Fabrick - the first player established in Italy with the aim of fostering open banking - aimed at including Conto Lingotto in the services offered by Fabrick.

Fabrick's open platform, created to foster collaboration between incumbents and new players, is enriched by the "API" of Conto Lingotto, Confinvest's fintech solution dedicated to physical investment gold.

With Conto Lingotto's "APIs," all financial and Fintech players will be able to integrate the brokerage service for physical investment gold - bars -, offering their users the possibility of starting a position in physical gold.

"Conto Lingotto, accessible from all devices, allows users to open an account aimed at buying and selling gold, suitable for all portfolios: Confinvest's solution allows them to buy physical gold even in small amounts, to activate a physical gold accumulation plan with predefined purchases, to request the resale of the gold in their possession with instant credit, but also to have grams of gold sent to their homes in the form of LBMA, London Bullion Market Association certified bars," the company explained in a note.

The service also allows customers to monitor the price of gold in real time and provides 100 percent insured custody of the gold purchased, with sole ownership by the customer.

Confinvest trades in the green by 4.5 percent at EUR2.08 per share.

By Claudia Cavaliere, Alliance News reporter

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