Waters Rankings 2021: Best managed data service provider—Rimes Technologies
“Reflecting the service-oriented DNA that made our Benchmark Data Services the industry gold standard, Rimes MDS is the result of 25 years’ experience solving complex data challenges. Rimes’ customer focus, data expertise, and best-in-class cloud technology allows us to operate as a true strategic partner to our clients, working as an extension of their own data management teams to solve their challenges in a bespoke way. Our approach frees firms from low-value but important operational data management so that they can focus on their core business activities armed with the highest quality data.”
Alessandro Ferrari, CMO, Rimes
WHY THEY WON
Managed services are becoming more popular in the capital markets and Rimes winning this award shows that its push into managed services and its continued investment has not gone unnoticed.
WHAT’S NEW
Brad Hunt was appointed CEO in June to drive Rimes’ Lean Data Management strategy.
The Lean Data Management solution is a cloud-based, service-led approach geared toward data operations. The approach resolves challenges associated with costly, inflexible data management technology.
The vendor also made its ETF Data Management solution, a data domain of MDS, available on AWS and Snowflake to increase reach and customer choice.
And it launched Rimes Technologies Index Identifier, which provides a new process for gaining insight into benchmarks and indexes, and addresses issues associated with tracking the identifiers used by index providers and by front-office information platforms.
WHAT’S TO COME
Rimes plans to launch its newest ESG data management solution, which aims to help asset management firms quickly access high-quality data to evaluate the sustainable credentials of any asset for enterprise-wide use. It is a fully managed, end-to-end cloud-based service that offers transparent and actionable ESG data.
The solution will include a vendor-agnostic library of ESG sources, extensive cross-referencing and harmonization across sources, mapping from issuer to issue, and a suite of desktop and analytics tools.
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