Sharegain said its service will allow wealth managers to generate revenue streams from existing assets under management
UK fintech Sharegain has launched its securities lending-as-a-service (SLaaS) product in the US.
Operating in the UK since 2016, Sharegain’s SLaaS solution is used by wealth managers, online brokers and global banks in Europe, APAC and the Middle East.
Now available in the US, Sharegain said in a statement its service will allow wealth managers to generate revenue streams from existing assets under management.
Boaz Yaari, chief executive officer and founder of Sharegain, commented: “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: “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 recently appointed Ahikam Finkel as vice president of research and development to scale its existing R&D capabilities and turn the fintech into a global capital markets “powerhouse” for innovation.