Payments

JPMorgan partners with Sharegain to improve securities agency lending

April 25, 2023

Sharegain, a lending fintech, has partnered with JPMorgan's Securities Services business to deliver its SLTech solution for securities agency lending. With this service, JPMorgan aims to make securities finance more accessible to online broker participants and new wealth managers, according to a press release.

"This exciting collaboration enables JPMorgan 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," Harpreet Bains, global head of product management, JPMorgan Agency Securities Finance division, said in the release. "Connecting our best in breed technology and global distribution capabilities to Sharegain's SLTech solution allows clients to monetize a new and substantial pool of attractive lending supply and addresses the complexities requiring consideration when aggregators expand their offering to include securities lending."

"We are thrilled to partner with the great team at JPMorgan to deliver a fully digital securities lending solution to its customers," Boaz Yaari, CEO and founder of Sharegain, said in the release. "This strategic alliance represents another validation of Sharegain's industry-leading technology and expertise. It also underscores the power of innovation as a catalyst to democratization and inclusion in capital markets."