Symphonic’s authorisation software enables organisations to securely share sensitive information by managing access to data and services. The identity and access management market is growing rapidly and forecast to be worth in excess of £17 billion by 2022.
“Symphonic’s solution enables financial institutions to manage the new, complex access patterns resulting from open banking while delivering the right balance between security and customer experience,” says the firm.
The Edinburgh-based company recently secured an undisclosed investment from private equity house Maven Capital Partners, joining existing shareholders Par Equity and the Scottish Investment Bank. The funding will be used to scale the business, targeting growth in retail banking and new markets.
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