DomaCom partners with major bank

Investment platform operator, DomaCom has announced its partnership with one of Australia’s big four banks to launch a six-month pilot for fractional property investment.

The decision followed an earlier three month review process, it said.

Under the terms of the agreement, the bank would use DomaCom’s fractional investing model and, if successful, it could lead to a commercial deployment within the bank.

DomaCom’s chief executive, Arthur Naoumidis, said: “DomaCom has always been an intermediated business and has been seeking a large B2C partner for some time we are looking forward to progressing this pilot with the bank.”