SAPHYRE
DID YOU KNOW ...
SAPHYRE ’ S SECRET : EMBRACING INTEROPERABILITY
When asked if there ’ s an important industry topic that no one seems to be
paying attention to , Stephen opts to highlight ‘ interoperability ’ as a key trend :
“ Imagine having an iPhone with all your pictures on it , but you can ’ t port it to an Android phone . That ' s quite frustrating ; they ' re your pictures ; it ’ s your data and documents , and these pseudo monopolies perpetuate the problem .
“ If you truly allow your clients to have a full experience and aren ’ t afraid of innovation , interoperability can help address that . It allows for the democratisation of data and it ' s going to provide better margins and superior problem-solving . This is what needs to happen and institutional players need to demand it from their vendors .”
Fundamentally , states Stephen , the same system is also technologically agnostic : it is capable of being mapped to a FIX protocol , smart contract , distributed ledger , etc . This provides an important competitive edge in a space where the wholehearted embrace of blockchain still eludes the industry . “ One of the big reasons blockchain hasn ' t been adopted is the fear of adopting a ‘ religion ’ – a form of standardisation to which everyone has to conform .” Saphyre ’ s advantage is being able to provide the same operability without such a commitment .
It ’ s a smart move and one which demonstrates the company ’ s highly informed and people-centric way of working . “ Partnerships are the most important things for us , besides employees and investors ,” Stephen clarifies . “ Technology is our second priority , because you have to offer something of value , followed by the patents that come along with it .” Gabino states that many would probably be surprised by the extent that legacy tech mainframes continue to plague finance . Now with a software-tomarket speed that ranks among the fastest in contemporary fintech , Saphyre is primed
“ 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 ”
GABINO ROCHE CEO , SAPHYRE