Symphony, which is financially backed by 14 major financial firms led by Goldman Sachs, received a letter from the DFS on Wednesday, asking the vendor to provide details about data retention and deletion, encryption services and open-source features.
According to the letter from acting DFS superintendent Anthony Albanese, Symphony uses the term "Guaranteed Data Deletion" and states that data is "100 percent protected by encryption keys" in its marketing collateral.
However, under New York state
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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