Sharegain forms alliance with J.P. Morgan 18 April 2023UK Reporter: Carmella Haswell
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B2B securities lending fintech firm Sharegain has formed a strategic alliance with J.P. Morgan鈥檚 Securities Services business.
Sharegain鈥檚 Securities Lending Technology (SLTech) solution aims to enhance J.P. Morgan鈥檚 securities agency lending offering by improving its accessibility to wealth managers and online broker participants
The collaboration between the two firms adds an additional global custodian to Sharegain鈥檚 growing roster of clients in APAC, Europe and the Middle East, according to the fintech.
Commenting on the announcement, Harpreet Bains, global head of product management for J.P. Morgan鈥檚 Agency Securities 麻豆影视传媒 division, says: 鈥淭his collaboration enables J.P. Morgan to address the growing needs of the aggregator segment, which is increasingly searching for scalable solutions to offer securities lending to their end customers without the time and cost burden of implementing complex technology.
鈥淐onnecting our technology and global distribution capabilities to Sharegain鈥檚 SLTech solution allows clients to monetise a new and substantial pool of attractive lending supply and addresses the complexities requiring consideration when aggregators expand their offering to include securities lending.鈥�
CEO and founder of Sharegain Boaz Yaari adds: 鈥淲e are thrilled to partner with J.P. Morgan to deliver a fully digital securities lending solution to its customers. This strategic alliance represents another validation of Sharegain鈥檚 technology and expertise. It also underscores the power of innovation as a catalyst to democratisation and inclusion in capital markets.鈥�
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