A messaging service described as a WhatsApp for business is being launched by big banks in an attempt to challenge Bloomberg’s dominance of the communications market.
The service, Symphony, will debut two years after it emerged that Bloomberg’s reporters used private terminal data to spy on bank workers.
Many Wall Street companies communicate internally and with clients via a mish-mash of unencrypted tools such as Instant Bloomberg, Eikon Messenger, AOL Instant Messenger and Skype for Business.
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