Twin brothers Stephen and Gabino Roche are driving Saphyre to new heights as its AI-powered trading technology breaks barriers and disrupts trading.
The New Jersey-based company leverages patented AI technology to digitize all pre-trade data and activities. Its 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 also speed up their onboarding processes, get real-time ready-to-trade statuses per account, and eliminate 70%-75% of redundant or inefficient post-trade activities.
Following a US$18.7m Series A funding round, Saphyre is ready to change the industry for the better and its co-founders admit they have entrepreneurship in their blood. Their vast experience in global IT and business, including with companies such as JPMorgan and AT&T, will help them do it. We catch up with Stephen and Gabino to find out how.