Symphony Foundation Looks To Leverage New FinTech Members

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Palo Alto, Calif.-based Symphony Software Foundation, a non-profit financial services open source software organization, has added three new “silver tier” members in an effort to include more fintech companies and offerings in its group, according to Gabriele Columbro, executive director of the organization.

The Symphony Foundation’s new members are ChartIQ, a data visualization provider; The Beast Apps, a data, analytics, trading and compliance provider; and Tick42, a real-time market data and application management products and services provider. 

“We see fintech as an integral part of the open-source driven innovation that underpins our initiative, and it’s a central element of the foundation charter,” says Columbro. “Our new members span across nearly every level of the stack, from compliant cloud application delivery to cross-platform user interfaces and desktop interoperability.”

ChartIQ, The Beast Apps and Tick42 will play a key role in Symphony Foundation working groups covering financial objects standardization and interoperability, and will open source parts of their technology to become standards for the Symphony Foundation community as a whole, according to Columbro. 

Tick42 had already contributed a request-for-quote module in October, after winning a Symphony Foundation developer competition event. The organization plans to work with The Beast Apps to leverage its cloud-ready applications development and deployment process, adds Columbro. ChartIQ is supporting Symphony Foundation’s push for inter-firm object model standardization, he says.