As financial markets evolve, firms are under increasing pressure to manage larger volumes of benchmark data, ensure compliance with stricter regulations, and streamline operational costs. The traditional approach – managing benchmark data through separate services and vendors – is no longer sustainable.
Firms need a comprehensive benchmark data solution that integrates sourcing, mastering, governance, and automation into one seamless process. The Enterprise Benchmark Solution (EBS) is not just an enhancement to Rimes’ existing benchmark data services – it’s a natural evolution that helps firms scale, standardize, and simplify their benchmark data management.
How EBS Expands Beyond Traditional Benchmark Data Services
EBS builds upon the foundation of the Benchmark Data Service but introduces new capabilities designed to address long-standing inefficiencies in data management.
Key Enhancements Include:
- Data Governance & Automation – EBS integrates tools that automate data validation, reducing manual intervention and ensuring higher accuracy.
- Security & Benchmark Mastering – by establishing a golden copy of security and benchmark data, firms can eliminate inconsistencies and ensure compliance.
- Cloud-Native Integration – the Rimes Data Lakehouse acts as a fully managed, cloud-based repository, making it easier to distribute benchmark data across teams, vendors, and regulators.
Rather than relying on disparate solutions for different aspects of benchmark data management, EBS offers a single, end-to-end framework that simplifies operations and enhances data quality.
Why Now? The Market is Changing
Several industry shifts are making integrated benchmark data solutions more critical than ever:
- Increased regulatory scrutiny – firms need more robust governance structures to meet compliance requirements.
- Rising data costs – managing multiple data sources is becoming more expensive, requiring more efficient solutions.
- Scalability challenges – firms need solutions that can adapt to new asset classes, strategies, and data partners without requiring costly infrastructure upgrades.
EBS provides a future-ready framework, allowing firms to modernize their benchmark data management without disrupting existing workflows.
The Value of an End-to-End Benchmark Data Solution
Managing benchmark data isn’t just about accessing the right data – it’s about ensuring that data is accurate, compliant, and easy to integrate across the organization. With EBS, firms gain:
- A streamlined data ecosystem – a fully integrated system reduces reliance on manual processes and fragmented data feeds.
- Improved accuracy and governance – automated validation and benchmark mastering ensure data consistency.
- Scalability and flexibility – EBS can adapt to new asset classes, regulatory changes, and investment strategies without requiring costly upgrades.
By moving to a packaged solution rather than managing separate data services, firms can achieve greater efficiency, lower costs, and more confidence in their data quality.
What Firms Should Consider When Evaluating Their Benchmark Data Strategy
To determine whether a more comprehensive benchmark solution is the right fit, firms should ask:
- How are we currently managing our benchmark and index data? Are multiple vendors creating inefficiencies?
- Are we struggling with data integration challenges? Do different teams and systems use inconsistent data sources?
- How are we tracking index licensing and compliance? Are manual processes creating unnecessary risk?
- Are we prepared for the next phase of automation and cloud adoption?
For firms that answer “yes” to these challenges, Rimes’ EBS offers a way to modernize, simplify, and optimize benchmark data management.
Preparing for the Future of Benchmark Data
The financial industry is shifting toward automation, cloud-based data management, and greater regulatory oversight. Firms that continue using outdated, manual benchmark data processes risk falling behind. Our Enterprise Benchmark Solution offers a smarter, scalable, and future-proof way to manage benchmark data efficiently.
To learn more about how Rimes can help you optimize your benchmark data strategy, explore the full solution here.
