Saphyre Introduces T+1 Solution for Financial Institutions


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Saphyre, a leading pre- and post-trade fintech platform for some of the world’s largest financial institutions, has announced a limited engagement initiative to pilot Saphyre’s T+1 solution for financial institutions, code named “Project Zero”.

“Saphyre leverages its memory of digitized pre-trade account data for its clients to eliminate redundant post-trade activities as well as reduce trade exceptions management from hours to minutes, which is key for T+1. An example of this is real-time SSI resolution for mismatches and the elimination of callbacks,” said Saphyre CEO and Founder, Gabino Roche. “The industry is rushing to crunch manual processes from 48 hours, T+2 today, to 24 hours for T+1. But you can’t get the efficiency and performance needed for T+1 with more bodies and manual processes. It must come from innovation and technology. Enter Saphyre.”

Saphyre has 105 globally-recognized patents that remember a data point entered and a document shared in perpetuity. This is for the full life cycle of a fund, recalling information from inception, meaning from pre-trade through post-trade, and maintaining and updating this information in real-time.

Also Read: Biggest Cybersecurity Threats in the Financial Services Sector

“When firms adopt Saphyre for their account setups and maintenance, executed trades are processed swiftly in post-trade,” states Saphyre President and Co-Founder Stephen Roche. “As a result of increased efficiencies through the Saphyre platform, we already see T-Zero scenarios. Hence the name of Saphyre’s Project Zero. We are solving tomorrow’s trade processing issues today.”

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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