Waters Rankings 2022: Best mobile solutions provider—Symphony

Overview

Symphony is a secure and compliant collaboration platform where solutions for B2B and B2C are built or integrated to standardize, automate and innovate financial services workflows. It is currently used by more than 1,000 institutions.

The Solution

Symphony is made for financial services firms. Symphony’s Connect solutions are powered by Symphony, running communications through its end-to-end encryption. The Connect solutions allow users to communicate through the Symphony mobile app, WhatsApp and WeChat, while adhering to compliance standards. This limits liability and ensures their data is protected.

Secret Sauce

Symphony was designed specifically for the financial markets. It partners with, and offers integrated services from, financial technology companies as well as apps like WhatsApp, WeChat and Zoom. According to Symphony, security and compliance factors differentiate it from its competitors. 

Recent Milestones

• Acquired trader voice and electronic communication provider Cloud9 Technologies and counterparty mapping platform StreetLinx
• Selected Google Cloud as its primary cloud provider and announced that it will migrate its platform to Google Cloud 
• Proceeded with the rollout of Symphony 2.0, the second generation of its core collaboration platform

Future Objectives

• Symphony will continue to acquire companies with what it describes as “value-adding technology.”
• The company will look to develop, streamline, and enhance financial markets communication processes on its platform.
• It will partner with organizations that can provide market-critical services through the Symphony platform.