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J.P. Morgan and Blackrock Adopt Saphyre's AI Technology Platform to Digitize Account Opening Workflow

September 16, 2020 / Prnewswire

Saphyre, a fintech company with US patent-approved AI technology, today announced that J.P. Morgan's Securities Services and BlackRock have adopted its platform to digitize the account opening workflow, eliminating manual processes, improving scalability and enabling buy-side clients to be ready to trade more quickly. Saphyre's technology provides BlackRock and other buy-side firms with an efficient process for opening accounts with custodians and broker-dealers. Saphyre enables seamless communication between clients, custodians and broker dealers by eliminating emails and phone calls and providing real-time capabilities that display the status and next steps, action ownership and provides a transparent audit trail.