RIMES’ new compliance platform wins ‘Best Cutting Edge Solution’ at FTF News Technology Innovation Awards
RIMES Technologies, the leading provider of managed data services for the buy-side, has been recognized at the prestigious FTF News Technology Innovation Awards 2017, winning the category for the Best Cutting Edge Solution with its innovative RegFocussm platform. The FTF News Technology Innovation Awards celebrates companies and individuals that have made significant achievements in operational excellence.
The Best Cutting Edge Solution Award is given to vendors that are committed to developing innovative financial technology solutions for middle- and back-office operations. RIMES’ RegFocus won the category on the strength of its ground-breaking approach to helping buy-side firms mitigate the effects of emerging regulations such as The Market Abuse Regulation (MAR) and the Markets in Financial Instruments Directive II (MiFID II).
Alessandro Ferrari, EVP Global Marketing at RIMES, commented: “The buy-side is having to cope with unprecedented regulatory hurdles, such as MAR and MiFID II. RegFocus, the first MAR compliance platform to be designed with asset managers in mind, takes this burden off their shoulders, helping them achieve compliance with ease. It removes the need for costly in-house system upgrades and allows asset managers to focus on what matters most: delivering value to their clients. This award, the first for our new RegFocus service, is just recognition of our innovative approach, and stands testament to the benefits it can deliver to the buy-side.”
RIMES’ RegFocus streamlines and simplifies regulatory compliance: it sources, captures and maintains all the necessary data elements to facilitate a comprehensive review of all order and trade activity across related legal entities, and confirm that best execution has been obtained. By using RegFocus, compliance officers can achieve a full view of key regulatory obligations and are empowered to act quickly and confidently.