Citi has introduced a fully automated securities lending solution for wealth management firms.
In Brief:
Citi has partnered with FinTech Sharegain to introduce a new lending solution.
Wealth managers will be able to deliver a securities lending programme to their customers.
Customers will be able to earn additional revenue on stocks, bonds and EFTs.
What does this mean?
Through its partnership with Sharegain, Citi is able to offer a fully digital, managed solution. The bank says it speaks to customer demand for a tailored, automated service.
