Saphyre has partnered with BlackRock to integrate services with the firm’s end-to-end asset management platform Aladdin.
This collaboration aims to streamline operations, mitigate risks, and simplify workflows for shared clients in the financial services industry.
“Our partnership with Aladdin represents a pivotal evolution for Saphyre, building on our already extensive network of top-tier investment managers and financial institutions,” said Ray Shivers, COO of Saphyre. “By seamlessly integrating our AI-powered onboarding and data management solutions with the Aladdin platform, we are not only addressing critical operational challenges but also enhancing the experience for our clients at scale.”
Saphyre noted that financial institutions frequently grapple with challenges such as fragmented systems, labour-intensive processes, and regulatory hurdles during pre-trade onboarding and account maintenance.
This tie-up, linking AI-driven onboarding and data management solutions with the Aladdin platform, aims to provide an efficient solution to these issues.
Shivers added: “This collaboration demonstrates our commitment to setting new industry standards in operational excellence by driving efficiency, and reducing risk and regulatory compliance for our clients.”
The integration introduces end-to-end automation for investment managers, addressing operational challenges and adapting to evolving industry requirements in the financial services sector.