- ProductsCompliant Messaging
Message clients without sacrificing compliance
The non-compliant use of messaging platforms has led to billions in regulatory fines. Symphony helps enable seamless compliant messaging with clients via WhatsApp, WeChat and SMS
OverviewEnable surveillance and recordkeeping of clients’ preferred messaging platforms
SMSEnable maintenance of SMS communication records for regulatory compliance
Core CollaborationSecure, seamless cross-firm communication
The only fully open, scalable, and secure collaboration platform purpose-built for global markets – enabling efficient workflows and compliant communication
PlatformSuite of modular collaboration capabilities accelerates communication
Embedded CollaborationLeverage Symphony’s capabilities in your platforms and portals
Security & ComplianceSecure, compliance-enabling framework meets the stringent needs of markets
VoiceCloud-based voice collaboration
Compliance-enabling and scalable voice technology maximizes efficiency by defragmenting communication and connecting traders and trader-adjacent teams instantly
Cloud9Eliminate communication silos and provide instant voice connectivity
Instant VoiceCross-organizational solution native to Symphony and built for speed
Cloud9 DeskTrader-adjacent connectivity with global intercom across internal teams
Cloud9 TraderFull-featured turret replacement with maximum external connectivity
VideoStart and join video meetings from Symphony
Facilitate productivity, collaboration and effective co-working with leading video conferencing platforms integrated alongside Symphony chats and rooms
ZoomKeep collaborating in Symphony while joining or hosting Zoom meetings
Microsoft TeamsRetain Symphony workflow context during Teams Video meetings
IntegrationsEssential tools to streamline workflows
Connect your everyday systems to Symphony to improve efficiency, reduce context switching and mitigate manual tasks
Enterprise IntegrationsEnterprise software bi-directionally integrated with Symphony
Apps & Bots415+ apps and 2K+ bots to help streamline and automate workflows
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- AboutThe only secure and compliance-enabling collaboration platform built for markets
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COVID-19: A successful “tech stress test” for financial institutions
- April 13, 2020
- David Gurle
- Tech4Fin
As CEO of Symphony, I am in constant communication with our customers, including many of the largest and most influential banks in the world who power the world’s economy. This allows me to understand their evolving needs in order to make sure our platform and community are not only helping them collaborate securely with their business ecosystem, but that we are also partnering with them to tackle systemic industry challenges.
As this new strain of coronavirus (COVID-19) has spread from its initial epicenter in China, through Asia, and now Europe and the United States, our customers -who have a global footprint- have implemented their split and remote operations, as has been reported in the press. This means that they have literally split and distributed their teams and operations into a number of locations outside of financial centers to be able to run their capital markets businesses.
As these institutions put their Business Continuity Plans (BCP) to the test in the current context, in a way they are also gearing for a disruption in the markets that could become the new normal. Financial institutions’ ability to have staff work from remote locations (including working from home, in certain cases) will become part of their new standard. When operations are distributed as such, the highest compliance and security standards are key as our customers are operating in regulated markets. The muscle memory gained from their operational continuity exercises and experience in Asia is now being put into practice in Europe and the United States.
Scrutiny, compliance, risk management and the mission critical nature of the core foundations of the modern business era in the digital world are the most important pillars for running the world economy today. Across the board, there is an increased degree of awareness around this and investment is following.
I am committed to make sure the Symphony platform and community keeps providing real, tangible support to financial services firms around the world as they seek to maintain the pace of their business and communicate with their suppliers, customers and ecosystem partners in these challenging times. Just this month we have seen a significant surge growth in usage of about 40%, with firm to firm collaboration and communication proving to be as critical as internal interactions. Price discovery, liquidity marketing, content distribution and conversations between front and back office, for example, have continued uninterrupted.
In the same way central banks and regulators conduct stress tests on financial institutions to test hypothetical unfavorable economic scenarios from a market, credit and liquidity risk perspective, COVID-19 is stress testing business continuity plans, operational efficiency and resilience of financial firms.
As an individual, and as a corporate customer of these firms I am very happy to see that we can operate in an almost ‘business as usual’ environment. And as the founder of Symphony, I am very proud of our team’s accomplishments in making this a reality.
Don’t hesitate to engage if we can help with your Business Continuity Planning.