A new report reveals a growing need for centralized communication platforms in finance and insurance. Firms face mounting regulatory fines, seeking efficiency and compliance through channel aggregation.
Symphony Innovate 2021: Connecting People with Purpose - From In-Person to Digital
Below are some of my highlights from the day – if you missed any of these sessions, or would like to revisit your favorite parts of the agenda, take a look at all videos on our replay site.
Introducing Symphony Vol. 2: Interfirm Workflows
Symphony CEO Brad Levy opened the day with a keynote address highlighting the importance of connecting people with purpose and building the right workflows across Interfirm, Wealth, and Operations. “It’s about enabling front-to-back workflows across all asset classes,” he stated, “making complex tech highly accessible for all market participants.” Brad also highlighted key new partnerships and brought the newest members of the Symphony family – Cloud9 and StreetLinx – on stage to showcase live the integrations of the three platforms.
“If you care about your users, if you really care about your network, you are going to be interoperable. It’s not a question for Velocity or Symphony, it must fit into your strategy.” – Alejandra Villagra, Global Head of Citi Velocity and Digital Solutions, Citi”
Latest Innovations from the Community: From Private Wealth to Operations
“Interoperability has been a core theme of Zoom as a platform since our founding 10 years ago.. The integration with Symphony is a clear demonstration of that because I think what we’re all looking for – and have always all been looking for – is the notion of having a seamless, frictionless work environment. – Harry Moseley, Global CIO, Zoom”
I think it’s time for change. I think it’s time for us to change our mindset, the way we collaborate, a shared space is the future. And for me, if I can come in and open up my laptop or open up my desktop and I can see the collaboration going on, that’s one less phone call, that’s one less email I have to make. – Rochelle Hardy-Blunt, Global Head of Trade Operations, BlackRock
What's next for Financial Services Technology
The day wrapped up with a section focused on interoperability. Technology leaders from Cosaic, FINOS, Glue42, and Symphony discussed the roles of interoperability, FDC3, and integration in today’s digital world.
“Increasingly we see data and workflow moving across these functional areas even within one orporaton. Now, those are, conceptually, different desktops but they now need to communicate…” – Jane Gavronsky, CTO, FINOS
Last but certainly not least, our President and CFO, Ben Chrnelich, joined Christin Brown, Global Financial Services Strategy & Solutions Lead of Google Cloud, for a fireside chat where they touched on the partnership between the two firms, the role of cloud services, and future technology trends.
“In the past three years [the winners have] been who’s been adopting the ecosystem and thinking of it as an ecosystem …by adopting who’s got the best at the time and you don’t have to do it yourself, those are the [firms] that are going faster.” – Christin Brown, Global Financial Services Strategy & Solutions Lead, Google Cloud
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