ABRDN LEVERAGES SAPHYRE'S PATENTED PLATFORM FOR THE
ONBOARDING AND MAINTENANCE OF ITS TRADING RELATIONSHIPS WITH
BROKERS AND CUSTODIANS AS WELL FOR TRADING AGREEMENT
MANAGEMENT.
HOBOKEN,
N.J., April 30, 2024 /PRNewswire/ -- Saphyre, an
industry award winning fintech company using patent-approved
technology to solve pre-trade activities and post-trade issues,
announces that ABRDN joins its network of financial institutions
using the Saphyre platform.
Saphyre's automated intelligence handles onboarding and
maintenance of custody, broker trading, and buy-side accounts while
synchronizing in real-time associated reference data between them.
This provides a real-time golden source of data to all external
parties. Downstream, this solution eliminates issues related to
failed trades, and at the same time enables real-time, T+0,
collaboration between parties which is necessary to meet the
upcoming T+1 commitments.
Stephen Roche, President &
Co-Founder of Saphyre shared, "We're ecstatic to have ABRDN, a
leading financial investment management firm join our endeavor. By
deploying our technology ABRDN will maintain data integrity through
the lifecycle of a fund. Providing them with speed in the pre-trade
thru post-trade processes not for just their firm, but also with
their broker and custodial counterparts."
About Saphyre
Saphyre leverages patented AI technology
to digitize all pre-trade data and activities across multiple
counterparties: from asset owners to investment managers, hedge
funds to prime brokers, any client firms to broker-dealers and
custodians, and much more. Saphyre's platform maintains memory of
data and documents, resulting in clients not having to search or
resubmit information, and expedites flow in a digitally structured
manner so that it can be consumed and understood by any
permissioned counterparty in the finance industry. This allows
firms not only to assess risk faster but they can speed their
onboarding processes, get real-time ready-to-trade statuses per
account, and eliminate 70%-75% of redundant or inefficient
post-trade activities.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/abrdn-joins-the-saphyre-endeavor-302131730.html
SOURCE Saphyre