Seventh Symphony Innovate Conference Showcases How The Financial Services Community Is More Connected Than Ever In The New Collaboration Economy
● Over 510,000 licensed users engaging on Symphony
● SPARC workflows for equity derivatives available
● New Developer Certification Program launched
● Commitment to end-to-end encrypted video meetings reaffirmed
London, 28 April 2020 – Symphony – the leading provider of secure collaboration for global markets – held its seventh Innovate conference today where the company shared details of record growth in Q1 2020 noting more than half a million licensed users, a 42% increase in daily active users and a 280% increase in messages sent. The driving force behind this growth has been the need for the global financial services community to stay connected and productive as so many professionals work remotely.
The company revealed its new Symphony CONNECT Solutions, which enable easy interaction with clients, counterparties, and partners on the consumer platforms they are already using while maintaining the highest security and compliance.
“We discussed this vision at previous Innovate events and now we’re seeing it materialize. In the collaboration economy, we will come together virtually as a community and we will thrive. Firms that were already on the path to digital transformation will be stronger as economies ‘re-open’ to a new reality. Symphony is providing a platform that is accelerating digital transformation. We are working closely with our customers and partners to propel their businesses into this new future,” said David Gurlé, Symphony’s founder and CEO.
Symphony also revealed at the event that capital markets solution SPARC is now available for equity derivatives workflows. SPARC was originally developed and deployed for interest rate swaps and cross-currency swaps and continues to be extended to new use cases. SPARC standardizes firm-to-firm automation while reducing errors and risk in OTC derivative negotiations.
The company also launched its new Developer Certification Program, which connects developers with best practices across the growing developer community.
Symphony also reiterated its public commitment to deliver secure meetings. “We’ll be first to deliver compliant, secure enterprise-grade virtual Meetings with end-to-end encryption and recording,” Gurlé had explained in a prior statement.
Established in 2014, Symphony is the cloud-based messaging and collaboration platform that securely connects markets, organizations and individuals. Powered by a growing and open app ecosystem, and protected with customer-controlled encryption key infrastructure, Symphony’s communications platform increases workflow productivity while maintaining global regulatory compliance. Already the platform of choice for the financial services industry, Symphony unifies the enterprise workflow to boost productivity in any information-centric business.
Symphony currently has over 510,000 users from more than 340 companies worldwide, powering over 60 million monthly messages.
For more information, please visit: www.symphony.com.
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Head of Global Communications
Symphony Communication Services
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