Sharegain, a capital markets finance technology company, announced it has launched SWIFT public cloud connectivity, enabling full SWIFT messaging capabilities via the cloud.
SWIFT aims to further reduce costs for capital markets participants and lower the barriers of entry for new entrants by making on-premise connectivity redundant.
Sharegain, the first company globally to offer SWIFT to its clients and their custodians, is using its Securities Lending as-a-Service (SLaas) solution to remove from clients the overhead of sending SWIFT instructions to their custodians.
Boaz Yaari, Sharegain CEO and founder, comments: “Being the first company globally to offer its clients SWIFT public cloud connectivity underscores Sharegain’s innovative and transformational use of technology, to enhance client experience and move the industry forward toward more efficient, transparent and open capital markets.
“I am proud of our team playing a key role in helping SWIFT, a foundational capital markets infrastructure player, develop the Alliance Connect Virtual product for the benefit of the entire market.”
