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Symphony is an internal chat, just like Slack. It must provide more controls for very large corporations and store messages forever for financial regulations.
by user5994461 6y ago
Symphony is an internal chat, just like Slack. It must provide more controls for very large corporations and store messages forever for financial regulations.
I've seen it rolled out in a large bank to every single employee overnight. The numbers given the article seems underestimated and are certainly misleading without context. It's an enterprise software onboarding 50k users at once, nothing like the usual valley startup.
- londev 6y agoI’ve not used Symphony for a year or so but it felt like the kind of thing my team could have built in a couple of months. I wouldn’t use it in the same sentence as Bloomberg, other than to say Bloomberg has nothing to worry about.
- JackFr 6y agoI think Symphony is terrible, and it does look like something one could code up in a weekend. But ... Bloomberg News famously abused the trust of the banks: https://www.vox.com/2015/7/24/11615004/backed-by-15-banks-startup-symphony-aims-to-replace-bloomberg https://www.vox.com/2015/7/24/11615004/backed-by-15-banks-st... If the banks mandate that their traders use something else, they will. I don't think they're quite there yet, but Bloomberg is not all powerful.
- user5994461 6y agoAgreed, it's irrelevant with Bloomberg. However it's a good story of making software in a very crowded domain and getting large enterprise customers right away nonetheless. Symphony is certainly is a catastrophe for Slack, a last minute competitor capturing all of the big financial firms.