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Ninety One Joins Saphyre’s Platform, a Revolution in Trading and Data Synchronization

Ninety One, a prominent global investment management firm, has recently announced its partnership with Saphyre, a leader in fintech innovation. This partnership is set to transform how Ninety One handles its trading relationships with brokers and custodians, as well as its management of trading agreements. By adopting Saphyre’s advanced, patent-approved technology, Ninety One aims to streamline its processes for onboarding, maintaining trading accounts, and handling post-trade issues.

With the help of Saphyre’s automated intelligence platform, Ninety One can now enhance the efficiency and reliability of its trading operations, ensuring smoother integration across different financial entities. This collaboration is designed to tackle pre-trade and post-trade challenges by offering real-time synchronization of critical data across all parties involved. As a result, the platform provides a central source of truth for data, which can be accessed and utilized by all permissioned parties in the network.

In this article, we will delve into the key benefits and implications of this partnership, and how Saphyre’s technology plays a vital role in the efficiency of financial institutions like Ninety One.

Saphyre’s platform leverages cutting-edge artificial intelligence (AI) technology to digitize the data exchange process between financial institutions. The company has patented a solution that automates and streamlines various stages of trading, from initial account setup and onboarding to the maintenance of those accounts through their lifecycle. By using Saphyre, Ninety One is equipped with a tool that ensures accurate, real-time synchronization of data between brokers, custodians, and other parties in the trading process.

The Saphyre platform’s real-time synchronization creates a “golden source” of data, which is accessed by all parties involved in the trade. This reduces the chances of errors, duplication, or missed data, leading to more accurate transactions and fewer failed trades. Moreover, the platform’s ability to provide real-time collaboration capabilities is critical for meeting the increasingly stringent timelines in the finance industry, such as the T+1 settlement requirements.

Real-Time Synchronization: A Game-Changer for Financial Institutions

One of the most significant benefits of Saphyre’s platform is its ability to synchronize data across multiple parties in real-time. This feature eliminates the traditional barriers and inefficiencies caused by outdated or disjointed data management systems. In the past, different parties in the trading process would often have conflicting or delayed information, leading to errors and inefficiencies that could result in failed trades or delays in settlement.

Now, with the Saphyre platform, Ninety One can maintain a single source of truth for all its trading data. By doing so, the platform eliminates the need for redundant data entry and significantly reduces the risk of errors. This level of synchronization not only benefits Ninety One’s internal operations but also enhances the experience for brokers, custodians, and other trading partners, as all involved parties are working with the same up-to-date information.

This system’s real-time capabilities are especially beneficial in today’s fast-paced financial world, where delays and inaccuracies can have significant consequences. The ability to share accurate, up-to-the-minute information ensures that trades are processed smoothly and in compliance with all regulatory requirements.

Why Ninety One Chose Saphyre

The decision to adopt Saphyre’s platform was driven by Ninety One’s commitment to improving the efficiency and accuracy of its operations. Stephen Roche, President and Co-Founder of Saphyre, expressed excitement about Ninety One’s decision to join their network. He highlighted how Saphyre’s technology would help Ninety One maintain data integrity throughout the lifecycle of its funds, from pre-trade activities to post-trade processes. Roche emphasized that this technology would not only benefit Ninety One internally but also enhance collaboration between Ninety One and its brokers and custodial counterparts.

By deploying Saphyre’s platform, Ninety One aims to achieve faster, more accurate data processing, which will enable them to provide better service to their clients. The firm’s focus on data integrity and seamless integration between counterparties is in line with their broader commitment to responsible, sustainable investing. The platform’s real-time collaboration capabilities ensure that all trading partners can work together more efficiently, without compromising data quality or operational speed.

How Saphyre’s Technology Enhances Operational Efficiency

Saphyre’s technology goes beyond simple data synchronization. It is designed to digitize and automate all pre-trade activities across multiple counterparties, including asset owners, investment managers, hedge funds, prime brokers, custodians, and more. The platform effectively eliminates redundant or inefficient processes that typically slow down the trading lifecycle.

For instance, by maintaining a memory of all data and documents associated with a trade, Saphyre ensures that clients do not need to resubmit information. This ability to “remember” key details speeds up the process significantly, allowing firms like Ninety One to accelerate their trading workflows.

The platform’s digitized structure also makes it easier for firms to assess risk quickly and accurately. By providing real-time, ready-to-trade statuses for each account, Saphyre helps firms reduce operational delays and improve overall trading efficiency. Additionally, studies suggest that firms using Saphyre’s platform can eliminate up to 75% of the redundant activities that traditionally slow down post-trade processes.

The Impact on the Finance Industry and Future Implications

Ninety One’s decision to adopt Saphyre’s platform is just one example of the growing trend in the finance industry toward digital transformation. The use of AI-powered solutions to streamline processes and improve data management is becoming increasingly common. As more financial institutions adopt similar technologies, the entire industry will likely see a shift towards faster, more efficient trading systems.

This transformation is particularly important in light of the growing regulatory requirements that financial institutions must meet. With the rise of T+1 settlement deadlines and other compliance obligations, the need for real-time, error-free data has never been more critical. Platforms like Saphyre’s, which provide accurate data synchronization and collaboration tools, are helping firms meet these challenges head-on.

The broader implications for the finance industry are significant. As firms like Ninety One continue to invest in innovative fintech solutions, the industry as a whole will benefit from improved efficiency, reduced costs, and enhanced collaboration. This digital shift also positions the financial services sector to better address future challenges, such as increasing regulatory pressures and the demand for sustainable investing practices.

Conclusion

Ninety One’s decision to join Saphyre’s platform is a game-changer for the investment management firm and the broader financial services industry. By leveraging Saphyre’s innovative technology, Ninety One is poised to improve its trading operations, enhance collaboration with brokers and custodians, and ensure data integrity throughout the trade lifecycle. This partnership reflects the growing importance of digital solutions in the finance industry and underscores the need for real-time data synchronization to meet the fast-paced demands of modern trading. As more firms adopt similar technologies, we can expect to see a more efficient, data-driven financial ecosystem emerge.