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QIC Deploys RIMES Managed Data Services to Enhance Benchmark Data Quality

RIMES Technologies, the leading provider of managed data services and RegTech solutions for the buy-side, today announces that QIC, the investment fund for the Australia’s Queensland government, has implemented its market-leading Managed Data Services (RIMES MDS). QIC selected RIMES to help improve the transparency and quality of its benchmark data as it looks to enhance its operations.

RIMES is now delivering a broad range of multi-asset, standard and customized indices with customized feed-formats to QIC. Significantly, RIMES’ unique pre-quality-assured integrations mean that its Managed Data Service is seamlessly integrated with QIC’s existing data management, performance measurement and order management solutions without the need for additional configuration; saving QIC both time and money.

Mark McDonald, Executive Director at QIC, commented: “We’ve completed a comprehensive operational transformation program to take ownership of our own investment data, implementing data management and performance solutions and we wanted our performance measurement function to operate as efficiently as possible. RIMES is a big part of helping us achieve that goal. It’s the only vendor we could find that delivers a fully managed data service, giving us everything we need from feeds that require no in-house touch to feed-monitoring and management consoles. The fact that RIMES MDS integrates so well with our other data systems also made RIMES stand out from the crowd.”

Andy Barrow, Head of Sales – APAC at RIMES, commented: “QIC’s decision to choose RIMES highlights the strengths of our full-service approach to data management. RIMES has a strong and growing presence in Asia-Pacific and this important win has helped us to consolidate our position in the Australian market as the gold standard choice for managed data services. We look forward to continuing our work with QIC and helping it build and maintain its market-leading investment funds.”

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