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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

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.

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