Saphyre, Inc., a multi award winning fintech company acclaimed for its patented technology that addresses pre-trade and post-trade challenges, announces that Jupiter has joined its network of financial institutions utilizing the Saphyre platform.

Saphyre’s automated intelligence streamlines the onboarding and maintenance of custody and broker trading, synchronizing associated reference data in real-time. This creates a single, up-to-date data source for all external parties. Subsequently, the solution addresses failed trade issues and facilitates real-time, T+0 collaboration between parties, essential for meeting the upcoming T+1 commitments.

Stephen Roche, President & Co-Founder of Saphyre, shared, “We’re thrilled to welcome Jupiter, a leading financial investment management firm, to our endeavor. By implementing our technology, Jupiter will be able to ensure data integrity throughout the entire lifecycle of a fund, accelerating pre-trade to post-trade processes for their firm as well as their broker and custodial partners.”

Clive Phillips, Head of Client Group Business Management & Onboarding, shared, “We are excited to join the Saphyre platform and utilize the technology to support the growth in our institutional and international client base. Saphyre will deliver increased data integrity and automation of account set ups. Onboarding of Jupiter clients will be enhanced by the improved visibility, timeframes and accuracy of account set ups and data exchange with market participants (counterparties and custodians) and contribute to speed to market and the overall client onboarding experience.”

Source: Saphyre