SAPHYRE
“ Our overall strategy is to digitize the pre-trade space , not just for the benefit of trading , but also for trading and post-trade ”
— Gabino Roche , CEO , Saphyre
20
Any ‘ glass ceiling ’ that might have impeded Saphyre has been countenanced by the announcement in mid-September that it had struck a partnership with JP Morgan and BlackRock . Deployed to digitize their account opening workflow , produce improved scalability and remove manual processes , the two companies ’ choice to leverage Saphyre ’ s technology has given it a significant credibility boost . “ We were selected because Saphyre is the only one in this space , and [ JP Morgan and Blackrock ] were tired of pseudo-monopoly financial firms dealing with 1980s technology or faxing data information ,” says Stephen . “ It ’ s our reputation and consistency of execution that has led to this great news .” Indeed , the partnership can be viewed as simultaneously a validation of Saphyre ’ s value and an illustration of the importance of collaboration , no matter how large a financial institution might be , a conclusion that Gabino concurs with : “ If you try to be the master of many things , you ’ ll be the master of none . Saphyre has opted to be the master of one thing , which we do extremely well .”
Emerging from the COVID-19 pandemic relatively unfazed , owing
DECEMBER 2020