Legal & General Investment Management taps Saphyre for AI solution

The platform aims to reduce risk and inefficiencies through removing manual tasks for both buy- and sell-sides.  

Legal & General Investment Management (LGIM) has partnered with Saphyre to utilise its AI platform for the onboarding and maintenance of its funds.  

The platform is capable of tracking compliance-related activities, such as NAV terminations, contained within the respective ISDA and GMRA agreements, automating client checks for trading as a by-product of legal agreement setups and amendments. As a result, the platform reduces risk and inefficiencies by removing manual tasks for both buy- and sell-sides.  

Stephen Roche, president and co-founder at Saphyre said: “It’s exciting to officially announce that LGIM is part of the Saphyre platform. We’ve been collaborating with them since the beginning, in fact, when Gabino and I started this company. LGIM’s clients and counterparties will benefit from the advantages that Saphyre’s platform offers.”