About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Taskize and Symphony Integrate to Streamline Financial Services Workflow

Subscribe to our newsletter

Taskize, a key provider of inter-company workflow in the financial services industry, has announced an integration with Symphony, the market infrastructure and technology platform, aiming to enhance real-time collaboration between operations teams and front-office users. This pivotal partnership was unveiled and demonstrated at the Symphony Innovate London event, 2023.

The integration promises to modernise industry practices by allowing users of both Taskize and Symphony to collaborate in real time, avoiding slower traditional methods of communication such as phone or email. This allows users to stay within their preferred platform, removing the need to transfer information manually from one system to another. The resultant effect is an improvement in resolution speed and a reduction in risk.

One of the features of this integration is the interoperability between Taskize and Symphony, offering users a live, synchronised view of trade exceptions or settlement issues. This enables access to Taskize’s workflow, routing, and business intelligence capabilities, providing users with a clear overview of resolution time and root cause analysis – all aimed at improving resolution speed while reducing risk.

The collaboration aims to provide firms with a more seamless post-trade resolution process. It will also equip them with the ability to resolve breaks faster, especially relevant in the context of compressed settlement timeframes and the transition to the T+1 standard settlement cycle.

Philip Slavin, CEO of Taskize, highlighted the benefits of the integration, stating, “For too long, operations teams and their colleagues and counterparts on the trading desk have been restricted in their communication by outdated manual processes and an overreliance on phone and email. This integration will enable users on both platforms to seamlessly collaborate to resolve urgent and unresolved issues. As a result, this will generate more capacity and free up time for front- and back-office teams to refocus on other value-add tasks.”

Adding to this, Symphony CEO Brad Levy mentioned the importance of the partnership, saying, “For Symphony, it’s important to create integrations to automate common tasks and processes that ultimately free up time and reduce risk.  This partnership with Taskize is part of our ongoing commitment to address the demand in the industry to extend workflow cross firm and front to back.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to trade surveillance for market abuse

Breaches of market abuse regulation can lead to reputational damage, eye-watering fines and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours; externally it can undermine confidence in markets and cause financial instability. This webinar will discuss market abuse of different types, such as insider trading...

BLOG

TS Imagine Partners with eflow to Add Surveillance Capabilities

Trading and risk management platform provider TS Imagine has forged a partnership with eflow, a provider of regulatory compliance solutions, that aims to help mutual clients both to meet their regulatory obligations and to safeguard against market abuse through communications monitoring. According to Alex Carteau, head of corporate development at TS Imagine, “This partnership bolsters our...

EVENT

TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...