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TruSight Pronounces Completion of Symphony Communication Providers Evaluation

NEW YORK, March 2, 2021 /PRNewswire/ — TruSight, the monetary trade’s main supplier of third-party danger information, at present introduced that it has accomplished a complete danger evaluation of Symphony Communication Providers, the safe and compliant collaboration platform that has turn into a key expertise infrastructure supplier for monetary providers companies around the globe. Symphony’s federated expertise was created to allow safe collaboration among the many greatest banks and has all the encryption and monitoring that the monetary trade wants from a compliance perspective.

“We welcomed the chance to work with TruSight on this evaluation,” stated Brad Levy, president and chief business officer of Symphony. “The rigor and thoroughness of the TruSight analysis of our collaboration instruments engenders belief amongst our potential companions by guaranteeing that we’re sustaining the very best degree of safety and compliance.”

TruSight is a third-party danger administration (TPRM) utility platform that facilitates the environment friendly and cost-effective assortment of correct third-party danger information. Created and backed by 5 of the most important world monetary establishments, the TruSight utility combines finest practices and standardization to execute complete danger assessments as soon as and ship to many over a safe platform. As a result of the advantages of TruSight’s TPRM utility mannequin are important for everybody who participates within the monetary trade, its danger evaluation providers are offered to each monetary providers establishments and to the third-party corporations that interact with them.

“TruSight serves an essential perform within the trade by bringing standardization to the danger administration course of and by bettering the standard of danger information,” stated Ken Litton, senior managing director, head of company & web site providers at JPMorgan Chase. “By performing standardized assessments of key distributors equivalent to Symphony as soon as and making them obtainable to all, TruSight permits all of us within the trade to commit extra time and sources to the extra essential job of remediating danger.”

The muse of the utility is the TruSight Finest Practices Questionnaire (BPQ), a strong, standardized questionnaire created by TruSight’s founding banks and up to date in partnership with its clients and trade consultants. The BPQ’s 27 diversified management domains are designed to satisfy the trade’s evaluation wants throughout the data and cybersecurity, privateness, enterprise resiliency and different operational danger domains.

“As a bank-owned trade consortium, we share the identical DNA as Symphony,” stated Jonathan Pressman, CEO of TruSight. “Symphony’s collaboration instruments are designed to handle the distinctive safety and compliance challenges of our extremely regulated trade, and having TruSight certify that they meet these necessities is a vital milestone for the group. We respect Symphony’s partnership on this effort.”

Established in 2014, Symphony is the cloud-based messaging and collaboration platform that securely connects markets, organizations and people. Powered by a rising and open app ecosystem, and guarded with customer-controlled encryption key infrastructure, Symphony’s communications platform will increase workflow productiveness whereas sustaining world regulatory compliance. Already the platform of selection for the monetary providers trade, Symphony unifies the enterprise workflow to spice up productiveness in any information-centric enterprise. Symphony at present has over half one million customers from greater than 445 corporations worldwide, powering over 170 million month-to-month messages.

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TruSight is the trade’s main third-party danger administration (TPRM) utility platform, facilitating environment friendly, cost-effective assortment and consumption of correct danger information. Developed and backed by 5 of the most important world monetary establishments, together with American Specific, Financial institution of America, JPMorgan Chase, and Wells Fargo, the TruSight methodology standardizes the danger evaluation course of to ship the very best high quality information, enabling monetary establishments to achieve higher visibility into provide chain resilience.

For extra info, contact:
Laura Nelson or Sage Morander
SVM Public Relations
[email protected]
[email protected] 


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