FinTech Magazine - July 2021 | Page 31

SAPHYRE
now we ' re showing a way that this data can be democratised . It ' s no longer a talking point ; we ' re actually giving people the keys to try out this solution ,” says Gabino .
Saphyre ’ s innovative buy-side portal is being constantly developed to align with and progress this overarching vision . Information that was previously siloed for the community – and therefore difficult to link – has been released through the company ’ s expanded offerings for the security services space . Now fund accountants , transfer agents , security services , and outsourced middle office teams can now work on behalf of the buy-side firms : “ All this interoperability allows those players to collaborate on our platform using the same data in a very intuitive fashion ,” explains Gabino . “ They can then take that same data and enrich it for the broker dealers and the order management systems .” From a tech ( and particularly an AI ) perspective , Saphyre never stops evolving . Keen to correct what it views as a decades-long deterioration of the trading tech standard , the company is working to ensure AI fulfills its full potential : mapping data to create an intelligent forecast for how clients will need to use it . “ When people say the word ‘ to ’, do they mean the number two , ‘ to ’, or ‘ too ’? Even when you read the word ‘ fund ’ in the industry , it can be difficult to distinguish what ’ s being referred to . Those are the nuances that we ' re actually mapping .”
Achieving this level of automated sophistication meant growing Saphyre ’ s number of patents from 48 to 67 in a matter of months . “ Those patents encompass everything from the logic of how to memorise and understand conceptual relationships between words to an intuitive user interface ( UI ) where users actually can be lazy without even knowing it ,” says Gabino . The result is an AI capable of being highly accurate throughout the entire trading life cycle .
fintechmagazine . com 31