Symphony Partners with Unqork
Posted by Colin Lambert. Last updated: October 28, 2021
Symphony is partnering with enterprise no-code platform Unqork to digitise the financial industry’s core processes while streamlining secure collaboration and improving auditability.
The firm refer to capital markets operations processes that are highly manual, require ad-hoc collaboration and offer inconsistent transparency and say some of the current challenges in this space include client onboarding, account servicing as well as and other middle and back-office trading operations tasks.
Through this partnership, Symphony and Unqork say they will focus on the digitisation of processes such as client onboarding, private assets deal lifecycle, client servicing, and trade exceptions management.
The Symphony platform augments workflow through collaboration, adding transparency through real time notifications to front, middle and back-office participants on the buy and sell side and custodians. Unqork’s no-code platform enables the digitisation of the missing layers of these workflows that are typically siloed, with a faster time to market than traditional development methods that require coding. The firms say the combination of both platforms will provide an innovative and effective market solution.