Enhancing Customer Experience and Financial Data Access
The integration is focused on improving the customer experience in payments and enhancing secure access to financial data. This will offer a wider range of digital solutions for enterprise clients, with finAPI’s client base benefiting from Fabrick’s portfolio.
Fabrick’s Expansion Plans
With this acquisition, Fabrick is poised to enter high-potential markets such as Germany and Austria in addition to its existing presence in Italy, Spain, and the UK. The company intends to deepen its European reach and enhance its role as an open ecosystem that fosters innovation through diverse cultural interactions.
Strategic Implications of the Deal
Fabrick operates an Open Finance platform that integrates solutions throughout the payment value chain, enabling collaboration between banks, fintech firms, and corporations. By acquiring finAPI, Fabrick aims to leverage additional expertise while consolidating its position in A2A payments.
As Europe prepares for the upcoming PSD3 directive, which will enhance Open Banking, the presence of players like Fabrick supports the growth of Open Finance, fostering greater efficiency and competitiveness.
In a statement, Fabrick representatives highlighted that this acquisition is a strategic move in their European expansion. The integration allows Fabrick to drive new customer engagement models and loyalty programs through an omnichannel approach tailored to individual needs.