SAPHYRE
Twin brothers Stephen and Gabino Roche are driving Saphyre to new heights as its AI-powered trading technology breaks barriers and disrupts trading
There must be something in the coffee in New Jersey . No matter what time of day or where in the world they have just flown back from , twin brothers Stephen and Gabino Roche are brimming with infectious energy . I guess that ’ s what comes from running an award-winning , gamechanging organisation like Saphyre .
We catch up with Stephen and Gabino in the middle of a series of announcements that the disruptive fintech is making – from new hires to high-profile partnerships . Saphyre is clearly on the rise .
Stephen and Gabino admit they have entrepreneurship in their blood , so it was almost inevitable that after successful ‘ solo ’ careers they would come together to form a Roche supergroup .
“ We were excited to try to get into this finance space ,” recalls Stephen . “ And one thing that we noticed is there ' s a lot of old , archaic systems in there – things are still in Windows 95 and MS DOS or manual processes . They ' re using faxes .
“ So one of the things that Gabino brings to the table , his expertise with the team that he ' s built here in Saphyre , is building software products faster . That ' s one of the biggest secrets to success that we have , because when clients want a new feauture , functionality or want to see a solution , Gabino and the team are very quick at bringing it out – within weeks , not months , not years .”
“ We ' re bringing Silicon Valley tech to finance .”
For anyone unfamiliar with Saphyre ( where have you been ?), the company leverages patented AI technology to digitise all pretrade data and activities .
Saphyre ' s platform maintains memory of data and documents , and expedites flow in a digitally structured manner so that it can be consumed and understood by any permissioned counterparty in the finance industry . This allows firms not only to assess risk faster but they can speed their onboarding processes , get real-time readyto-trade statuses per account , and eliminate 70 % -75 % of redundant or inefficient posttrade activities .
So how did it all begin ? Let ’ s rewind to 2017 . Gabino ’ s experience working at JP Morgan and alongside other leading financial institutions led him to a revelation . He realised that the opportunity existed to create what he calls the ‘ connective tissue ’ between these financial titans .
“ We ' re bringing Silicon Valley tech into finance ”