Saphyre AI platform extends to securities lending 27 October 2022US Reporter: Carmella Haswell
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Saphyre, a firm incorporating artificial intelligence (AI) to power pre- and post-trade activities, is working to “transform” securities lending through seamless integration and transparency.
The firm’s AI-driven interoperable onboarding platform aims to help lenders and borrowers to remove the bottlenecks created by legacy systems.
Through automating the onboarding process using Saphyre’s AI, institutions are able to reduce the potential for errors, increase the speed of transactions and provide greater transparency to its stakeholders, says Saphyre.
Saphyre’s chief operating officer Ray Shivers says: “Saphyre’s capabilities, when applied to the securities lending business, will transform operational processes. The Saphyre platform de-risks the onboarding process and brings needed efficiency to the marketplace.”
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