Saphyre
Saphyre utilizes globally patented AI technology to streamline and automate financial trading workflows, enabling efficient collaboration between asset managers, brokers, custodians, and clients.
Services
Saphyre provides various services aimed at streamlining financial trading workflows. These include automated processes for the downstream trade lifecycle, digitization and structuring of shared data and documents, and enhanced risk assessment and onboarding. They offer a KYC/KYD workflow tool, legal amendment and negotiation workflow tools, automated Daily NAV termination event alerts, and sub-custodian workflows. Moreover, they provide auto-SSI enrichment, real-time resolution of trade issues, confirmation management, and securities FX obligation management.
Patented AI Technology
Saphyre utilizes globally patented, interoperable AI technology to digitize, structure, and maintain shared data and documents in pre-trade scenarios. The AI is designed to remember relationships and manage all data and documents between firms and their counterparties or clients. This technology aids in legal agreements being digitally amended parallel to all onboarding activities, thereby reducing inefficiencies and expediting processes.
Collaborations and Partnerships
Saphyre has established collaborations with several major financial institutions. Abrdn, Deutsche Bank, FXall’s investment managers, American Century Investments, Franklin Templeton, and Legal & General Investment Management leverage Saphyre’s patented platform for onboarding and maintaining trading relationships with brokers and custodians. Saphyre also collaborates with DTCC on a T+1 solution to enhance transparency and reduce settlement failures in broker trades.
Recognition and Awards
Saphyre has been recognized in the fintech industry for its contributions and innovative solutions. The company has been named 'Fintech of the Year' by The TRADE and won the 'Fintech of the Year' award at the Global Custodian’s Leaders in Custody awards ceremony on May 3rd, 2023, in London. Additionally, Saphyre was mentioned in the 'Hyperautomation Triggered by T+1' category in a 2023 Gartner® report.
Project Zero and T+1 Solution
Saphyre has announced a limited engagement initiative known as 'Project Zero' to pilot its T+1 solution for financial institutions. This initiative is aimed at providing increased transparency in broker trades and reducing settlement failures. By aligning with their existing technology and expertise, 'Project Zero' aims to expedite financial processes and improve overall efficiency.