Jupiter Joins Saphyre

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.”

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.