We have received a notification from Waters Technology, organizers of the Inside Market and Reference Data Awards, letting us know that we have won the Best Managed Service for Reference Data category at this year’s awards. This marked the fourth award we have won this year – four awards scooped up in just four months.
This run of success started in February, when we won the overall ‘Best Market Data Provider’ category at the prestigious Fund Technology and WSL Awards. This was followed by two wins for our new RegFocus℠ BMR solution, which is the world’s first benchmark inventory management, enrichment and control platform. First, we picked up the RegTech Awards’ ‘Best Benchmark Regulations Vendor Solution’ category, before winning the ‘Best Cutting-Edge Solution’ category at the 2018 FTF News Financial Technology Innovation Awards. What makes this especially satisfying is that this is the second year running we have won both these awards.
Last year, RIMES won a grand total of five awards – something we were very proud of. If this early success is anything to go by, then 2018 looks set to be an even more rewarding year.
The secret to our success
Every award will have its own criteria of success and judging panels will look at different indicators when making their decisions. However, there are several common factors that we believe have underpinned our continued success.
The first, and most important, is customer-centricity. Our aim is to focus squarely on the data management challenges of our clients. It is a simple approach, but one we have found to be effective: our clients understand their businesses and their pain points; by listening to them, we can understand their needs and come up with services that help them address these needs.
Next is our people. RIMES brings to bear an industry-leading team of financial market, data, technology and regulatory experts who are passionate about understanding the challenges of clients and building effective solutions to these challenges. It is thanks to the dedication and expertise of our staff that we can deliver best-in-class Cloud solutions that are tailored to the unique financial data requirements of individual customers.
The success of our proposition also owes a lot to our partnership strategy. Our managed data services are underpinned by partnerships with all major data vendors and systems providers. These partnerships allow us to provide our clients with a choice of over 1,000 data sources from more than 350 data partners that are integrated with 60+ third-party solutions (as well as many in-house systems) in whichever format they require. It goes back to this idea of customer-centricity: we have built a proposition that allows us to flex to the requirements of our clients.
For the past 20 years, our business has been centred on our managed data services. We have built a reputation for excellence in this area thanks to the depth of our offering. Not only can we feed data directly into front-, middle- and back-office systems, our managed data services also solve a wide range of index and reference challenges. This includes customization and blending, asset allocation support, preview and proforma data, credit ratings, classifications, price aligned analytics and security identification.
These managed data services deliver significant value for our clients. Forrester’s Total Economic Impact™ (TEI) study on RIMES backs this up, showing that we can prove the ROI of using our managed data services versus managing data in-house.
However, we also realize that the financial sector is changing rapidly, and we need to change with it to remain relevant for our clients. Our success in doing so is nowhere more apparent than in our new RegTech solutions, which we have built to help clients get to grips with emerging regulatory challenges. From the MAR to MiFID II and PRIIPS to BMR we have innovated cost-effective, simple solutions that ensure our clients can achieve compliance and manage risk with ease. This is supported by our data governance capabilities, which provides clients with a broad range of online tools and reports that provide transparency into our services.
Work with RIMES
With RIMES as your partner, you will benefit from a passionate and skilled team and leading-edge technology. Our services can help you improve productivity, scalability and agility; enhancing data quality and timeliness to help you make better decisions, faster. Moreover, we can help you solve your compliance challenges with ease, while improving data governance across your organization.
Contact us and see what multi-award-winning managed data and compliance services look like.