Symphony CEO: we help banks and regulators with compliance
Bank-backed messaging tool solves cyber-security and financial data-ownership issues
Just before its launch in the summer of 2015, bank-backed messaging system Symphony ran into a problem: US regulators and a senator took issue with the company's claims that it offered protection from government spying and guaranteed data deletion, which they said would breach compliance requirements and hinder regulatory investigations.
Symphony, which is backed to the tune of around $70 million by 14 banks, including Goldman Sachs and Bank of New York Mellon, was created to address growing
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