J.P. Morgan has announced a new partnership with digital securities lending platform Sharegain.
The bank said that the new partnership will give wealth managers in over thirty countries worldwide access to digital securities via Sharegain’s software.
Commenting on the news Harpreet Bains, global head of product management, J.P. Morgan’s Agency Securities Finance division, said: “This exciting 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.”
Bains said that customers using the service will be able to monetise a new supply of lending, adding that it plans to address some of the complexities involved when financial organisations expand their services to include securities lending.
The move comes after J.P. Morgan recently revealed it has 300 AI use cases in production spanning risk, prospecting, marketing, customer experience and fraud prevention, with the bank’s chief executive Jamie Dimon lauding the technology as “ground breaking”.
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