Buy-Side Technology Awards 2015: Best Data Provider to the Buy Side—RIMES Technologies

But not everything is as it seems: Scratch a little below the surface and you’ll find a company with an attention to detail that borders on the obsessive. RIMES prides itself on the quality of its client service, illustrated by the way in which it views its user-base as clients for life. It achieves its impressive client-retention record by focusing on understanding every conceivable buy-side data challenge and requirement, in addition to all third-party or in-house system specifications necessary to handle data quickly, transparently and efficiently.

RIMES’ data services, which typically involve a variety of data sourcing, customization, remediation and cost-management functions, are unique to each of its clients. In this respect, its RIMES Managed Data Service (MDS), again responsible for delivering this year’s win, is the antithesis of the “one-to-many” delivery model: It is a prime example of a “one-to-one” model, multiplied by its total number of clients, now just shy of the 300 mark.  

The RIMES MDS comprises four elements: people, data, technology, and processes. On the people front, RIMES delivers the service using proprietary technology with a detailed understanding of the data management challenges facing the buy side, while when it comes to data, RIMES delivers timely, accurate, verified financial data to 50 countries around the globe, acquired from numerous sources, standardized and validated, before being distributed to clients as a single source for data collection, validation, transformation and distribution.

In terms of technology, RIMES’ cloud-based infrastructure is invisible to clients, yet it is capable of handling hundreds of complex data sources to produce thousands of unique customized feeds, with virtually unlimited scalability that frees clients from technology restrictions often associated with data management processes. Finally, on the process front, RIMES helps to improve data governance by maximizing flexibility and tightening controls around data, allowing clients to meet the needs of an expanding number of stakeholders in data management and quality. 

RIMES achieves its impressive client-retention record by focusing on understanding every conceivable buy-side data challenge and requirement, in addition to all third-party or in-house system specifications necessary to handle data quickly, transparently and efficiently.