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Saphyre won ‘ Fintech of the Year ’ at the Global Custodian Leaders in Custody awards in May 2023
105
Recognised patents
2017
Year founded in US
US $ 18.7m
Series A funding
70-75 %
Amount of post-trade work Saphyre can eliminate
on an exciting securities lending solution right now .
“ We ' re in the B2B space now , but this will also be repeatable to B2C . It ' s going to be very interesting . We are 90 % there on setting that up . That will be something to look out for in the coming months , and it will be very exciting for this space , because that ' s a huge addressable market that hasn ' t been solved yet ,” adds Gabino .
It all sounds like Saphyre ’ s stock is rising – despite economic volatility that would keep many financial executives up at night . But every crisis presents an opportunity and Gabino believes that the silver lining of today ’ s uncertainty could be perhaps the greatest boon for fintech firms yet .
When reflecting on what he thinks about when getting out of bed in the morning , he gets enthused by the opportunity ahead that his team sees .
“ Do we have our infrastructure in place with the right players to show how we can help them navigate these conditions in the market ?” he says . “ Or if we haven ' t , how do we get those firms to quickly adopt us so that we can help them .
The account transition issues are ongoing in the market . Can a bank remember all the account information , data , and documents and can we digitally help assist clients on both sides of the angle – the banks and depositors do this seamlessly and quickly ? The answer is absolutely yes ! These are the things that actually motivate us to wake up each morning .”
Stephen added , “ People adopting our technology in advance of these kinds of crises will benefit from it . People who don ' t , will struggle , and would only then realise the change they need to make after the fact .”
“ We work harder , smarter , faster to change the face of the finance industry because this is something worth striving for .”
saphyre . com @ saphyra @ saphyreinc @ saphyre7792 82 fintechmagazine . com | June 2023