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“ Saphyre quickly became the dominant player in a market that was starved of true innovation , which is very important for us ,” says Stephen .
It ’ s not all plain sailing of course , and while Saphyre has grown exponentially in a short space of time , there are still challenges to overcome . The tactical solutions that Saphyre provides are plain to see in today ’ s financial environment . However , the financial industry ’ s historic aversion to adopting cutting- edge technology is also well known .
Right now , the firms that understand the strategic benefit are realising the first mover advantage . Although much of the investment being made by institutions today is focused on posttrade , Saphyre ’ s entire premise is built around the concept of solving these issues from inception , in the pre-trade first .
With significant investments made in posttrade solutions , Saphyre is trying to bridge the gap
– to get leaders thinking about the pre-trade .
Stephen says there is a major opportunity to show and validate post-rate solutions using pre-trade data , and that Saphyre is working on an exciting securities lending solution right now .
“ We ' re in the B2B space now , but this will also be repeatable to B2C . It ' s going to be very interesting . We are 90 % there on setting that up . That will be something to look out for in the coming months , and it will be very exciting for this space , because that ' s a huge addressable market that hasn ' t been solved yet ,” adds Gabino .
It all sounds like Saphyre ’ s stock is rising – despite economic volatility that would keep many financial executives up at night . But every crisis presents an opportunity and Gabino believes that the silver lining of today ’ s uncertainty could be perhaps the greatest boon for fintech firms yet .
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