Celebrating 10 Years of Symphony: Leading the Way in Fintech
Symphony turns 10! Discover how we’re transforming the financial industry through trust, passion, and cutting-edge technology.
Our Innovate New York 2019 conference featured a demo-packed agenda. We looked back at our first five years in business, unveiled Symphony 2.0, and heard from partners and customers about how they’re innovating on the Symphony platform.
By the numbers, it was our largest event ever – with more than 600 senior-level attendees and 45 customer and partner presentations. Innovate is growing into a premier community networking event for Global Markets.
On the technology front, we announced “Elements” – a library of prepackaged software components for building interactive user interfaces. There are more than a thousand bots and applications in production on the platform today. The bots and applications we saw this year were, on the one hand, more natural and integrated – but also becoming more sophisticated with the addition of Natural Language Processing and Artificial Intelligence.
Symphony is a collaboration platform, and at its core are conversational exchanges. This model is extending to human/machine interactions like the new trading assistant bot at NatWest Markets. “SCOUT is clever, has a personality, is keen, and is always right.” said John Smith of NatWest. We also heard about inter-firm machine-to-machine automation – humans kick off an interaction and counterparty bots work at lightning speed in the background to sort out the details. Very inspiring!
These are the kind of workflows we built Symphony to facilitate. Seeing our customers live on stage was the perfect way to demonstrate the possibilities and to open Symphony’s next chapter.
Software innovation has always aggregated on open platforms that achieve critical mass (think Windows or AWS). This year was a tipping point for Symphony. Engagement and innovation are accelerating. As we move into 2020, I cannot wait to see the things our ecosystem will invent.
Symphony turns 10! Discover how we’re transforming the financial industry through trust, passion, and cutting-edge technology.
FDC3 aims to simplify communication between different financial applications. Traditionally, traders juggle multiple displays, manually transferring data. FDC3 enables automatic context sharing between these applications, saving time and reducing errors. Common uses span from pre-trade to post-trade activities.
Symphony, a member of the open-source foundation FINOS, is deeply involved in developing FDC3 and promoting its use in global capital markets. Our focus is standardizing integration APIs, giving customers flexibility in choosing their Desktop Integration Platform provider while supporting FDC3.
The 2020s are an unprecedented decade of disruption and every market participant is either the disruptor…or the disrupted. Today, we stand at the precipice of artificial general intelligence and every well-run organization should be actively seeking to disrupt themselves right now. Symphony has been able to remain almost a decade ahead of disruption by understanding one simple truth—thriving through disruption. This demands three things from your technology: resiliency, stability and flexibility.