This company offers a cloud-based communication and workflow platform with an open API to streamline workplace processes. The platform facilitates secure document and content sharing, along with conferencing and screen-sharing, to improve internal and external team collaboration.
Funding
$50M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions face challenges in maintaining secure and compliant communication across internal teams and external counterparties. Existing communication methods often lack the necessary encryption, access controls, and auditing capabilities required to meet stringent regulatory standards and prevent data breaches. The need for seamless integration with existing workflows and third-party applications further complicates the communication landscape.
Solution
Symphony provides a secure and compliant communication and workflow platform designed specifically for the financial services industry. The platform offers end-to-end encryption, granular access controls, and comprehensive auditing tools to ensure data protection and regulatory compliance. Symphony's open APIs and integration capabilities enable seamless connectivity with existing enterprise systems, market data feeds, and third-party applications, streamlining workflows and improving collaboration. The platform's modular design allows institutions to tailor their communication infrastructure to meet specific needs, whether it's secure messaging, voice communication, directory services, or AI-powered analytics.
Target Audience
Symphony targets financial institutions, including banks, asset managers, hedge funds, and insurance companies, that require secure, compliant, and integrated communication solutions for internal and external collaboration.
Features
- End-to-end encryption to protect sensitive data and ensure confidentiality
- Granular access controls to restrict data access based on roles and permissions
- Comprehensive auditing tools for monitoring and tracking communication activities
- Open APIs for seamless integration with existing enterprise systems and third-party applications
- Cloud9 integration for cloud-native trader voice communication
- Federation capabilities for compliant communication across platforms like WhatsApp and SMS
- Embedded Mode for integrating secure messaging within existing applications
- AI-powered analytics for market intelligence and communication insights
- Compliance with industry regulations such as SOC 2 Type II, GDPR, and DORA
- Support for multiple data location deployments to meet data residency requirements