Saphyre extends AI functionality to securities lending

Saphyre’s pre-trade and post-trade platform, which is utilized by a number of major financial institutions for account onboarding and maintenance, is now being tapped to bring seamless integration and transparency to securities lending.

“Saphyre’s industry leading capabilities when applied to the securities lending business will transform operational processes,” says Saphyre Chief Operating Officer Ray Shivers. “The Saphyre platform de-risks the onboarding process and brings needed efficiency to the marketplace.”

The company’s AI-driven, interoperable onboarding platform helps lenders and borrowers remove the bottlenecks created by legacy systems. By automating the onboarding process using Saphyre’s AI, institutions can reduce the potential for errors, increase the speed of transactions and provide more transparency to its stakeholders.

Many of the world’s largest custodians, broker dealers and investment managers already use Saphyre for their pre-trade account needs. Now, as lenders and borrowers, they have the added advantage to include securities lending as well.

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