Low-code application platform Genesis and Goldman-backed messaging service Symphony announced a partnership to provide interoperable technology and applications that adhere to privacy and regulatory standards at a time when the financial services community is going increasingly electronic.
An example of an app already available is a trade allocation manager application. It’s a multi-asset class solution that automates middle office workflows and has trade capture directly from the Symphony messaging platform, providing straight-through processing for trade files, confirmations, and settlement.
Stephen Murphy, Genesis’ CEO, said in a statement: “Through Symphony’s open architecture, users can now seamlessly integrate their workflows with both our applications and Symphony’s growing ecosystem of third party applications. This allows them to create enriched, digital workflows, and at speed.”
Brad Levy, president and chief commercial officer at Symphony, said in a statement: “We’re modern technology companies that help drive the digitization agenda across the industry and around the world…Our partnership with Genesis will encourage community-led innovation and make it quicker and simpler for our users to securely access the latest desktop applications. This in turn will improve workflow efficiency, while organizations will be able to future proof their business with technology that is fit for both today and can easily and quickly adapt to the changing market environment of tomorrow.”