Saphyre, a fintech company using patent-approved AI technology to solve pre-trade setups and post-trade issues, announces that Société Générale Global Markets division has joined the community of financial institutions using the Saphyre platform for new fund onboardings and maintenance.
Société Générale has been collaborating with Saphyre on providing straight through processing of account setups to speed the time to market in order to provide immediate liquidity as well as seamless post-trade allocations and settlement.
Saphyre’s automated process reduces risk and inefficiencies by eliminating manual tasks for both buy- and sell-side teams, resulting in greater time efficiencies and cost savings. The Saphyre platform reduces the time to set-up a new fund significantly, while also providing any updated data related to the fund.
Gabino Roche, CEO & Founder at Saphyre shared: “We are proud to have Société Générale on the Saphyre endeavor. Supporting their middle and back office operations for onboardings and maintenance allows them to achieve efficiencies while providing a superior client experience. At the same time, the community of buy-side firms gain operational benefits and speed to market by having them as part of the network.”
Source: Saphyre
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
Market participants across the globe face a growing list of challenges in trade settlement.
-
The bank will use its new system to deploy AI applications and manage AI infrastructure.
-
BNP Paribas and Citi are the first institutional investors in the digital transformation platform.
-
Nearly one fifth og patents granted last year related to AI and machine learning.
-
Cloud infrastructure enables adaptation to emerging technologies such as generative AI.