HOBOKEN, NJ , May 4, 2023 /PRNewswire/ — Saphyre, a leading fintech company that uses patent-pending AI technology to solve pre-trade setup and post-trade problems, has won the coveted “Fintech of the Year” award at the Global Custodian’s Leaders in Custody awards ceremony held on 3 May 2023 at The Savoy in London.
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Global Custodian is the leading magazine covering international securities services business. Its annual awards ceremony honors achievements in certain categories of the securities services industry and recognizes the best performers in such categories. Saphyre was nominated for the “Fintech of the Year” award, and its innovative platform that digitizes all pre-trade data and activities across multiple counterparties caught the attention of the judges.
Commenting on the win, Stephen Roche, President and Co-Founder at Saphyre said, “We are delighted to be named Fintech of the Year by Global Custodian.
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This award is a testament to the dedication and hard work of the entire Saphyre team in creating a platform that solves pre-trade and post-trade problems using AI technology. We are honored to be recognized alongside other established fintech companies and finance industry leaders.”
Saphyre’s platform maintains a memory of data and documents, resulting in clients not having to search or resubmit information, and accelerates its flow in a digitally structured way so that it can be consumed and understood by authorized counterparties in the financial industry. Not only does this allow businesses to assess risk faster, but they can speed up their onboarding processes, get real-time trade-ready statuses per account, and eliminate 70-75% of redundant or inefficient post-trade activities.
The Global Custodian’s Fintech of the Year award recognizes Saphyre’s contribution to improving technology operations in the property servicing/custodian space, and the platform’s potential to transform the financial industry. This award is a testament to Saphyre’s commitment to providing innovative solutions that solve real-world problems in the securities industry.
To learn more about Saphyre, visit https://www.saphyre.com.
About Saphyre:
Saphyre leverages patented AI technology to digitize all pre-trade data and activities across multiple counterparties: from assets to investment managers, hedge funds to prime brokers, all client firms to brokers and managers and much more. Saphyre’s platform maintains the memory of data and documents, resulting in clients not having to search or resubmit information, and accelerates the flow in a digitally structured way so that it can be consumed and understood by any permitted counterparty in the financial industry. Not only does this allow businesses to assess risk faster, but they can speed up their onboarding processes, get real-time trade-ready statuses per account, and eliminate 70-75% of redundant or inefficient post-trade activities.
SOURCE Saphyre
