“ Firms have a concern about being left behind in today ’ s hyper-competitive financial services landscape ,” explains Gabino . “ That ' s why it ’ s important that publications like FinTech share the advances that we are making with tools such as AI , and the firms that are adapting this technology , so that we can fully convey the direction that financial services are moving in .” “ There are a lot of technology vendors who pay lip service to solving the pain points that Saphyre ’ s proprietary platform finally solves . Stephen and I love to tell our clients , ‘ Here are the keys , you can drive the car today – not in 6 months , not in a year to get things into place ’. We resolved to make Saphyre ’ s platform turnkey whether you are a global asset manager , a boutique bank , or a multinational custodian . When you adopt our technology , you can drive today – and you will realise the benefits . That makes the product real for an audience that tends to be skeptical of new technology .”
So , how exactly is Saphyre transforming the landscape of financial services ? It ’ s a question that the Roche brothers tackle on a regular basis . So much so , that they have a short and a long version ready to pitch .
“ What Saphyre does is instantly set up new and existing funds securely between external financial institutions , so that they can be ready to trade quickly , while eliminating post-trade issues ,” says Stephen .
“ Synchronising reference data in the pre-trade space eliminates much of the existing post-trade work , or redundancies , and provides critical groundwork for the move to T + 1 in North America by May 2024 .”
Saphyre ' s functionality for a client starts in the pre-trade space , before a trade even occurs , driven by intelligence rooted in more than 105 patents . For example , if a Fortune 500 company is setting up a new pension fund , the legal entity associated with that fund may need an investment management firm ( many of the world ’ s largest are Saphyre clients ). They also need to communicate with a custodian , who needs to
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