Investment Banking

Symphony doubles hiring plans after 300% user surge among home-bound bankers

Symphony has seized on a boom in demand for surveillance and compliance as hundreds of thousands of bankers work from home

Friday 23 October 2020 at 12:38

Symphony, which rivals Bloomberg, doubled its hiring plans for 2020
Symphony, which rivals Bloomberg, doubled its hiring plans for 2020 Photo: Getty Images

Symphony, the communications provider for banks set up to rival Bloomberg, just doubled its hiring plans for 2020 as the pandemic prompted a surge in demand from financial workers stuck at home.

From December to October, the platform saw a 300% spike in messages sent using the tool, while meetings jumped 380%, the company told Financial News. A Symphony spokesperson said that 535,000 workers from 360 financial services companies were using the platform by late October, with a 32% uptick in monthly active users.