Today’s financial workflows are becoming increasingly complex due to the competing pressures of new technology leading to faster execution and the need to ensure that all actions and communications are compliant. In order to keep up with these workflows, the involved participants must become more efficient.
The only secure and compliant collaboration platform built for financial markets & trading teams
We started out in 2014 as a messaging platform to solve data security and compliance, be an open architecture platform and facilitate real-time cross-company communication. Today, Symphony is the common connector for market workflows.
Symphony’s user base is the largest in Financial Services. Today, Symphony counts over half a million users, servicing more 1,000 institutions.
We began our journey in global finance, designing enterprise-grade collaboration tools to address security and compliance challenges at large Wall Street firms.
Our solution quickly earned the trust of the world’s most regulated industries. Today Symphony stands more than ready to earn that trust from everyone.
What's new at Symphony
As 2023 comes to a close, we are returning to a clean-tech topic that we have been following for quite some time now with Amenity’s ESG earnings call and news monitoring analytics. Our news data reveals that geothermal power has seen an uptick in recent months from key players in energy and industrials, which comes on the heels of some interesting proposed U.S. legislation.
As the landscape of communication continues to evolve in our increasingly digital world, the financial services industry is feeling the pinch of regulatory scrutiny. In recent years, financial firms have faced nearly $2 billion in penalties from the SEC and CFTC due to unregulated “off-channel” messaging. This surge in “off-channel” communication, including usage of platforms such as WhatsApp, WeChat, SMS, LINE, and mobile calls, is largely fueled by the rise of hybrid work. Yet, regulators maintain that all business communications must be monitored, auditable, and occur only within official channels. In the words of SEC Chair Gary Gensler, “As technology changes, it’s even more important that registrants appropriately conduct their communications about business matters within only official channels. And they must maintain and preserve those communications.”