RIMES launches service to enhance reference data management forbuy-side firms
RIMES (www.rimes.com), a leader in financial data management,has enhanced its managed data services to offer buy-side firms an immediate solution to the on-going challenges of managing a growing volume of reference and security master data.
Reference and security master data form the foundations of a successful investment management business. But designing, building and maintaining a global repository of accurate and reliable data is costly and time consuming.
RIMES Reference Data Service offers a superior, cost-effective alternative to an in-house operation and aligns costs with business needs. Clients are freed from the burden of managing a growing volume of reference data and benefit from improved sourcing, business and cost efficiencies, data management and storage.
The service is designed to complement RIMES´ existing managed services for benchmark and index data. Hundreds of clients are already benefiting from reduced costs and optimized data management.
Steve Cheng, Head of Data Management Solutions at RIMES comments: “Designing, building and managing a global repository of dynamic reference data is a major challenge for investment managers, requiring sustained effort and frequent investment. Every firm has unique requirements and most acquire reference data from disparate sources, which must be validated, stored and distributed before use in business processes.
“RIMES Reference Data Service is a bespoke, fully managed data service – each client specifies its own data requirements then we do the rest. As part of the service, we conduct extensive data identifier and classifications cross referencing to vendor and client codes. All data is delivered in fit-for-purpose, system-ready feeds and can be used immediately in business applications without any further processing by the firm.”
To find out more about the RIMES Reference Data Service, visit www.rimes.com/solutions or email marketing@rimes.com
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About RIMES
Founded in 1996 specifically to serve the complex data needs of the buy-side, RIMES Technologies Corporation is a specialist provider of managed data services and one of the pioneering adopters of cloud-based technology to deliver highly customized financial data over the internet. Delivering world-class data, supported by first-class service remains a focus of RIMES today.
RIMES is a unique global company, combining the best people with the most forward-thinking technology. The RIMES team of experts has unparalleled practical experience, gained at the heart of the industry, enabling them to deliver this service to over 200 institutions in 36 countries across the globe.