Societe Generale Integrates Saphyre Platform for Buy-side Fund Onboarding

Societe Generale’s Global Markets division has integrated the artificial intelligence platform, Saphyre, to manage its onboarding and maintenance of buy-side funds. The New Jersey-based outfit digitizes all pre-trade data and documents, eliminating redundant manual processes and allowing for secure, expedited access to data throughout the trade lifecycle. It claims to reduce the time to set-up a new fund while also providing any updated data related to it. Since its launch in 2017, the firm has received 104 issued patents and has been integrated with seven different platforms as part of its interoperability design. The integration by Soc Gen builds on an existing relationship between the two entities through which they were trying to achieve straight through processing on account set ups to improve time to market and provide immediate liquidity as well as faster post-trade allocations.