FINTECH
Saphyre and The Trade | October 06, 2022
Saphyre, a fintech company using patent-approved AI technology to solve pre-trade setups and post-trade issues, has been nominated by The Trade for their annual "Fintech of the Year" award.
The Trade will hold their awards ceremony in-person at The Savoy in London on November 3, 2022, honoring their "Leaders in Trading 2022," where past winners went on to shape the face of trading and execution in both material and measurable ways.
"We are extremely honored to have The Trade, one of the leading publications in the finance industry, consider us for such an award. Saphyre has revolutionized the speed of bringing "Ready-To-Trade" for new and existing funds to front office traders. In cases of interest rates and credit, we can eliminate the typical 10–15-minute delay in RFQs due to our patented AI that automates compliance checks and risk, based on account onboarding and maintenance data. Being formally nominated for this award is a testament to the positive change we're bringing to the market space."
-Stephen Roche, President & Co-Founder, Saphyre
Saphyre's Founder & CEO, Gabino Roche Jr. will also be at a Sibos FinTech roundtable at the Hotel Okura in Amsterdam on October 11, 2022. He will be joined by several other top B2B fintech leaders to discuss the "survival of the fittest" journey, where now only the best-of-the-best remain.
About Saphyre:
Saphyre leverages patented AI technology to digitize all pre-trade data and activities across multiple counterparties: from asset owners to investment managers, hedge funds to prime brokers, any client firms to broker-dealers and custodians, and much more. Saphyre's platform maintains memory of data and documents, resulting in clients not having to search or resubmit information, 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 ready-to-trade statuses per account, and eliminate 70%-75% of redundant or inefficient post-trade activities.
About The Trade:
The TRADE delivers insight to trading professionals at the world's largest asset managers and investment banks and boasts an audience that includes buy-side dealers, high frequency traders, fund managers, sell-side brokers, FinTech innovators and regulators. Our content focuses on the day-to-day responsibilities of our readership, comprised of informed editorial on regulation, corporate innovation, peer group analysis and insights from industry luminaries.
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FINANCIAL MANAGEMENT, WEALTH MANAGEMENT
Quantifeed | November 25, 2022
QUANTIFEED, the leading provider of digital wealth management solutions, announces that it has acquired ALPIMA, a London-based portfolio construction, visualisation, and analytics fintech company.
"We are very excited about bringing together two hugely talented teams of financial engineers to create a world-class technology platform, This transaction accelerates our mission to increase the productivity of investment professionals and to create better investment outcomes for their clients."
-Alex Ypsilanti, Co-Founder and CEO of Quantifeed
The automation of portfolio management is a key priority for many organisations in the wealth and investment management industries. The combined platform will provide unparalleled capability across the full portfolio management spectrum – including construction, personalisation, visualisation, risk analytics, order management and trading, and monitoring and reporting. The platform's modular nature allows clients to assemble solutions that are optimised for their business. Quantifeed will be in a unique position to service clients across EMEA, Asia, and the Americas as they look to grow their business more efficiently and create smarter solutions for their clients.
This is a significant milestone for us, we are delighted to join the Quantifeed family and combine our leading technology to create a global platform, Quantifeed shares our passion for designing and building technology solutions that solve client problems and help them deliver a personalised client experience at scale. I am thrilled for the opportunity to make ALPIMA's solutions available to a global client base,said Rafael Febres-Cordero, Executive Chair of ALPIMA.
As part of the transaction, Fidelity International Strategic Ventures (FISV), a strategic investor in fintech businesses, joins Quantifeed as a shareholder. "We are delighted to complete the transaction and welcome Quantifeed to the FISV portfolio, The acquisition marks the culmination of a tremendous amount of work from the teams at ALPIMA and Quantifeed, who share a similar culture, ethos, and vision. We're excited to work with the team as they build a global leader in modern, scalable, digital wealth management,said Michael Sim, Principal at FISV.
In May 2022, Quantifeed announced its Series C funding round that was led by HSBC Asset Management and joined by LUN Partners Group, Franklin Templeton, and Daiwa PI Partners.
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FINANCIAL MANAGEMENT, FINTECH
Broadridge | November 30, 2022
Extending their joint strategic commitment to modernise and enhance shareholder voting in the French market, Broadridge Financial Solutions, Inc. (NYSE: BR) and SLIB, a leading software editor for electronic voting and securities services based in France, today announced the go-live of their joint end-to-end global voting solution.
"Broadridge remains firmly committed to enabling greater levels of shareholder engagement across markets globally, Together with our partners at SLIB, we have delivered an advanced voting and communications solution that makes it easier than ever for all investors, both those in France and in other markets, to seamlessly cast their votes in the companies they own."
-Demi Derem, General Manager of Broadridge's International Investor Communication Solutions
The announcement represents a significant addition to the cross-border proxy voting service for France-based investors that hold international shares, launched by Broadridge and SLIB in December 2021.
Firms using the solution will benefit from a highly efficient, streamlined process throughout the vote processing lifecycle - from the capture and distribution of golden copy issuer meeting announcements to vote execution and confirmation of votes cast. This highly automated, digital approach reduces exposure to operational and regulatory risk.
In order to attract foreign investment, and in response to regulatory pressures and the requirement for robust ESG policies, there is a foundational need to demonstrate strong corporate governance practices through the provision of efficient vote communications, With Broadridge, the leading global proxy voting provider, as our strategic partner, we can now offer intermediaries a comprehensive and efficient ecosystem, that combines support for international investors in French listed companies, and for French investors in foreign companies,said Philippe Cognet, CEO of SLIB.
About SLIB
SLIB is the leading software vendor in register management & electronic voting, risk and post-trade markets. SLIB supports the evolution of the securities market in France and abroad, by envisioning and releasing innovative software solutions enabling financial institution to streamline their processes, while mastering the risks associated to their activities. SLIB is also Votaccess Operator, the cornerstone of Electronic Voting for Paris Stockexchange issuers and Account Keepers, delivering General Meetings notifications and collecting Digital Votes. Furthermore, as innovation is of paramount importance and to underpin any new software initiative SLIB relies on The LAB aiming to be SLIB spearhead in cutting edge technologies such as Blockchain and AI.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.
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