DriveWealth, an established financial technology platform that offers Brokerage-as-a-Service, and Sharegain, a significant securities lending fintech, have revealed their collaboration, which will provide new prospects in the securities lending market.
DriveWealth is expanding its securities lending portfolio with this agreement by adding an agency lending capacity that is supplied by Sharegain and designed to meet European and UK regulatory standards.
Additionally, its platform and APIs handle all aspects of the investment process, providing value throughout, including custody, instrument screening, pricing, execution, and clearing.
The assets and complete feature set of both Sharegain and DriveWealth’s platforms may now be seamlessly integrated by online brokers for a more effective end-to-end process.
Boaz Yaari, CEO & Founder of Sharegain, stated: “We are excited to join forces with DriveWealth, a company that shares our vision of levelling the playing field in capital markets and making securities lending accessible to everyone.”
Michael Blaugrund, CEO of DriveWealth, added: “Our mission has consistently been to empower the next generation of private investors. Collaborating with Sharegain extends an efficient investing experience to new B2B partners and their clients globally. We look forward to a successful partnership.”
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By GlobalDataCompany partnerships
A collaboration between Leonteq Securities (Leonteq) and Bergos (Bergos) has initiated to produce and market structured products using a standardised white-labelling issuance model developed by Leonteq.
As part of this partnership, Bergos will price and trade its guaranteed structured products using Leonteq’s technological platform.
The expansion of the private bank’s structured investment product line now directly benefits Bergos’ clients, but Leonteq has also been given distribution authority by Bergos, giving it access to Leonteq’s extensive network of Swiss investors.
Furthermore, the first Bergos guaranteed structured products are planned to be accessible on Leonteq’s platform in the second half of 2024, pending regulatory approval.