
‘Disruption is coming’
The question Saphyre asks is “why not T-0?”
This brings Stephen and Gabino on to ‘Project Zero’, the firm’s proposed solution for financial institutions.
Saphyre leverages patented AI and its memory of digitised pre-trade account data, allowing clients to eliminate redundant post-trade activities and reduce trade exceptions management from hours to minutes.
Gabino adds: “We’ve been telling firms, ‘you should be working in a real-time environment; not just in your internal operations, but with every one of your counterparties or clients’.
“Firms working with us are seeing competitive advantages against their peers. But now, given the regulatory demand and this six-month clock [until T-1], they can’t just merely throw labour at it. Technology innovation is needed.”
To watch the Roche brothers’ opening keynote in full, simply click on the video link at the top of this story.
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