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 鈥渢ransform鈥� securities lending through seamless integration and transparency.
The firm鈥檚 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鈥檚 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鈥檚 chief operating officer Ray Shivers says: 鈥淪aphyre鈥檚 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.鈥�
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