Sharegain has launched its Securities Lending as a Service (SLaaS) offering in the US after receiving regulatory approval from the Financial Industry Regulatory Authority (FINRA). The capital markets fintech has been operating in the UK since 2016 for clients such as wealth managers, online brokers, global banks and asset managers in Europe, APAC and the Middle East.
SLaaS helps clients generate additional sources of income, for them and their clients, from a fully operational securities lending business line, with no CapEx and minimal OpEx.
Boaz Yaari, CEO & Founder of Sharegain, said in a statement: “We’ve 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, said in a statement: “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.”