Sharegain announced it has launched SWIFT public cloud connectivity, enabling full SWIFT messaging capabilities via the cloud. Sharegain has become the first company globally to offer such capabilities to its clients and their custodians, further reducing costs for existing capital markets participants and lowering the barriers of entry for new entrants by making on-premise connectivity redundant.
Sharegain’s Securities Lending as a Service (SLaaS) solution also removes from clients the overhead of sending SWIFT instructions to their custodians, a further enhancement of Sharegain’s 360° client success offering. In addition, as a custody agnostic solution, Sharegain’s tech stack can connect any client to any custodian via a simple integration.
Boaz Yaari, Sharegain CEO and founder, said in a statement: “Being the first company globally to offer its clients SWIFT public cloud connectivity underscores Sharegain’s innovative, market-leading and transformational use of technology, to both enhance client experience and move the industry forward toward more efficient, transparent and open capital markets.”