Sharegain has released its Securities Lending as a Service (SLaaS) solution in the US market, having been granted regulatory approval from the Financial Industry Regulatory Authority (FINRA).
This SLaaS has been operational in the UK since 2016 and has been adopted by a wide range of online brokers, wealth managers, banks and asset management clients in Europe, the Middle East and Asia, according to a statement from the SBL fintech.
Commenting on the US release, Sharegain CEO Boaz Yaari says: “We have seen overwhelming interest in Sharegain from around the world and we are now happy to offer our solution to wealth managers in the US.
“In a challenging economic environment, where every basis point counts,
we are proud to partner with ambitious financial institutions that are looking to generate
additional sources of income for them and their clients.”
Susan Peters, head of US operations at Sharegain, adds: “We are excited to bring our solution to the US, and we look forward to working with leading wealth managers, online brokers, RIAs and other broker-dealers. Sharegain is open for business in the United States.”
For further analysis of Sharegain’s SLaaS and securities lending technology solutions, and its business expansion to the US, see the interview with Keren Halperin , the company’s deputy CEO and chief of staff, first published in Securities Finance Times Issue 311.
