SOCIÉTÉ GÉNÉRALE JOINS THE SAPHYRE ENDEAVOR

SOCIÉTÉ GÉNÉRALE LEVERAGES SAPHYRE’S PATENTED AI PLATFORM FOR THE ONBOARDING AND MAINTENANCE OF BUY-SIDE FUNDS.

New York, NY, 12 April 2022 – 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.”

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. Learn more at https://www.saphyre.com.