Imagine this: You’re a major asset manager preparing to launch a new global income fund. But before a single trade can happen, your operations team has to open and link dozens of accounts across brokers and custodians; collect investors’ onboarding information and account details along with attestations and tax forms; map signatories and permissions; and wire up OMS/EMS connectivity across different asset classes. Investors come in waves, counterparties change, terms get amended and a small update to one client or investor record can ripple through every relationship. The same choreography repeats after launch, driven by evolving mandates, new strategies and changes to investors’ account information. Time disappears into coordinating paperwork rather than investing.
That’s the friction Saphyre eliminates, and it is why we’re thrilled to announce FTV Capital‘s growth investment in Saphyre, an AI-powered system of record that streamlines account onboarding and maintenance for asset owners and managers while creating a single source of truth across the network of capital markets participants on its platform.
At the center of capital-markets operations is client and account reference data: entities and hierarchies, account details, permissions, regulatory and compliance artifacts, and contractual terms. When that information is accurate and current, onboarding moves quickly, trades settle cleanly and audits are straightforward. Too often though, middle-office teams are constrained by aging systems, manual rekeying, expanding rulebooks and constant cost pressure.
Saphyre replaces this sprawl with an AI-driven source of truth that digitizes and automates the highest-friction pre- and post-trade workflows. During account opening, the platform ingests documents and data, normalizes and enriches it, and then feeds information to various middle-office teams (KYC, tax, credit, legal) and counterparties. Once live, Saphyre maintains the golden record, enabling proactive pre-trade data validation, real-time status visibility and standardized, permissioned sharing across all counterparties. Saphyre’s network allows buy-side investment managers, asset owners, sell-side banks and asset servicers to collaborate in a single workspace and draw on the same verified information across relationships and strategies. With the industry currently shifting to T+1 settlement and steering towards real-time, this unified data foundation is becoming increasingly mission-critical.
Customers see the impact quickly. Onboarding and account setup timelines shrink, email traffic and manual follow-ups drop dramatically, trading desks start generating revenue sooner and failed-trade issues are reduced through in-memory capabilities. Institutions including Blackrock, Standard Chartered and Citi report step-change gains in operational efficiency and time to revenue as teams move from inbox management to exception management.
With this investment, Saphyre will accelerate go-to-market efforts in pre- and post-trade, support ongoing product innovation, expand its global footprint and deepen integration across the financial services ecosystem. By leveraging our value creation platform, FTV Propel®, we will support Saphyre’s efforts to build a world-class team and open doors across the capital markets ecosystem via our vast Global Partner Network®. We are excited to welcome Saphyre as the newest member of our capital markets portfolio, where our deep domain expertise and experience with companies such as Derivative Path, Enfusion, FundApps and Validus Risk will further help accelerate the company’s growth.
Institutional investing doesn’t need more email chains. It needs shared context and trustworthy data that move at market speed across every asset class. We’re excited to partner with Gabino Roche Jr (CEO and co-founder) and the entire Saphyre team to power that vision.
