RIMES
Managed
Data
Services
Global data
World-class service
A new approach to a
growing challenge
At a time of unprecedented change, buy-side firms
need to become more agile and responsive. All firms
are seeking new ways to meet the escalating data
management challenge. Asset managers recognize
the financial and opportunity costs of managing
a growing volume of data that is also increasing
in complexity. Many are adopting managed data
services to manage their data from source to system,
as an alternative to in-house data management with
its associated high costs and risks.
Managed data services have become mainstream
and offer a single solution to many data
management challenges. By choosing
RIMES Managed Data Services (RIMES MDS)
you can become more agile, streamlined and
operationally efficient. Our services are designed
to deliver a sustainable, quantifiable improvement
in business performance by relieving you of the
burden of data management.
With a client base of more than 300 buy-side firms,
including 60 of the world’s top 100 asset managers
by AUM, we know that our approach offers the best
solution for asset managers. We also serve 9 out of
the 10 largest asset servicers, which confirms the
broadening appeal of fully-managed data services
delivered by experts world-wide.
Here we explain how managed data services
address the data management challenge and
why the time is right to choose RIMES MDS.
RIMES MDS
A proven
approach
to data
management
rimes.com/mds
Everything we do is about quality and data and
RIMES consistently meets our expectations
BIMCOR Inc.
Drivers for change
in data management
As a comprehensive suite of fully-managed services,
RIMES MDS helps you fulfill your tactical need for
the efficient delivery of accurate, timely data. But
our services also help you realize strategic aims,
such as managing business change and becoming
more responsive to client needs. We help you
source and manage the exact data you need to
perform the diverse range of functions for which the
data is used, for example, in performance attribution
and portfolio management departments. In addition,
managed data services enable you to control who is
using data, where, and for what purpose.
RIMES services are specifically designed to address
the current drivers for change in data management:
Strategic
drivers
Tactical and
strategic solution
1
Quality data that
is fit-for-purpose
2
Enabling business
change and
responsiveness
All firms must respond faster
to new mandates and other
business opportunities.
RIMES MDS helps you
become more agile so you
can seize new opportunities
quickly and confidently.
Data Governance and Regulation
Transparency and control
Business Change
Enabling and facilitating
Agility and Responsiveness
Time to market
Tactical
drivers
Data
Timeliness
Fit-for
purpose
Data
Quality
Accuracy
Cost
Management
Visible and
hidden
RIMES MDS delivers quality
bespoke data, ready for use
in destination systems and
business processes. Data
costs are aligned to business
success and ‘hidden’ data
management costs are
eliminated.
3
Supporting good
data governance
RIMES MDS increases
data transparency and
control and promotes
good data governance
by evidencing data
provenance and lineage.
IMES workstations
On a typical business day, we deliver over 45,000 unique benchmark
and reference data feeds to more than 60 client systems
What is RIMES MDS in practice?
RIMES MDS is a proven data operating platform that helps
investment management firms of all sizes and in all regions align
their data consumption closely with business needs. All of our data
feeds are customized to your requirements to receive benchmark
data and reference data ready for use in your business systems.
A managed data service insulates your firm from changes in
technology, vendor methodologies and data formats, and gives
you the control and transparency that is central to good data
governance and regulatory compliance, as well as meeting the
needs of the end user. We are proud of our unique service culture
and committed to meeting your tactical needs and strategic goals.
RIMES Managed Data Services
Managing data from source to system
Market
Data
Sources
RIMES
Benchmark
Analytics
Workstation
300+
1,000+
200+
60+
clients
data sources
data partners
RIMES
Managed
Feeds
Workstation
systems and
system partners
Portfolio Management
SOURCE
Compliance
REMEDIATE
TRANSFORM
RIMES MDS
A proven service
Risk Measurement
STORE
Performance
FEED
Client Reporting
Data Warehouse
RIMES
workstations
The RIMES Managed Feeds Workstation
Offers online access to an extensive set
of RIMES data feed inventory reports and
operational tools that facilitate best-practice
data governance
RIMES provides
a range of
services and
tools to support
the management
and control of
your business
processes.
The RIMES Benchmark Analytics Workstation
Provides front and middle office teams with
online access to the constituent benchmarks
managed and delivered by RIMES MDS
Meet the RIMES
teams tasked
with ensuring
service quality
Our investment in data
management services
Sales Engineering
Valued for their expertise
in working with clients
to design data solutions
and manage the
implementation of
new projects.
RIMES is a specialist service company. We invest
in the best people, technology and business
processes so you can focus on managing
investments rather than data. Our clients regard
RIMES operations teams as an extension of
their own operation. All clients benefit from our
economies of scale, world-class technology, and
pool of expertise that is continually honed at the
heart of the industry. Clients also benefit from
our established relationships with over 200 data
partners and 60 third-party systems.
Implementation
Dedicated to the rapid
implementation of new
benchmark and reference
data feeds.
Content
Experts in onboarding
new data sources,
ensuring the necessary
licenses are in place
and implementing
any subsequent partnerled changes to the
source data.
Data
Maintain and monitor
inbound data processing,
and investigate issues
that arise.
Performance
Our data quality
assurance team.
Global Support
Proactively manage
individual client
feeds, monitoring and
escalating issues, and
communicating with
clients via the RIMES
Feed Monitor.
20 years of experience
managing data
Proprietary scalable
supporting technology
People & expertise
Technology
& platform
RIMES
Managed
Data
Services
Data and software
partners
Unrivalled coverage,
delivering system-ready feeds
Processes
and systems
Online workstations providing
full transparency and control
Forrester research
We commissioned Forrester Consulting to use
their Total Economic Impact™ (TEI) framework to
build a model that would enable firms to establish
the business case for investing in RIMES Managed
Data Services, identifying both the quantitative
and qualitative benefits that have an impact on
the business. RIMES can provide firms with the
Forrester TEI model to measure the benefits based
on their own circumstances.
www.rimes.com/forrester
Our commitment to service
RIMES MDS delivers quality data that is ready for use in
destination systems. Our teams have a deep understanding
of the asset management business and the challenges you
face. We ensure each key business process receives critical
high quality data by:
Creating customized data feeds to the exact
specification of the ultimate business
system or process for which it is intended
Tailoring validation and workflow to deliver
the optimum blend of timeliness, accuracy,
completeness and validity at the point of use
Providing the expertise of the RIMES data and
support teams to manage and maintain the ongoing
delivery of our data services.
Multi-validation layers with proactive
remediation throughout
RIMES remediates with data partner
Fail
Fail
Pass
Data
partners
Feed status
Validation
process
Pass
Validation
process
Managed Data Services
RIMES
Feed
Monitor
Data
delivered
to clients
RIMES MDS
additional
services
Our portfolio includes
a range of specialist
services over and above
our core offering. These
are delivered with the
same level of data quality,
expertise and commitment.
RIMES blended
benchmark service offers a
flexible solution that aligns
blended benchmarks with
exact business needs and
is a strategic alternative to
spreadsheets or generic
systems tools.
RIMES hedged
benchmark service allows
you to benefit from our
expertise in managing
your precise hedging
requirements. For example,
we can replicate your own
preferred methodologies,
apply our standardized
versions, or the vendor
methodologies where
available.
RIMES benchmark
preview service enables
you to prepare for the
multiple index provider
rebalancing events
throughout the year.
RIMES price-aligned
analytics provides
standardized analytics
against all securities, both
on- and off-benchmark.
RIMES reference data
enrichment service
facilitates the enrichment
of benchmark data with
other data sources,
including classifications
and credit ratings.
RIMES cross-reference
service streamlines the
management of multiple
data feeds and securities
cross-referencing.
To find out how our
Managed Data Services
could benefit you
contact [email protected]
The RIMES MDS advantage
Our services offer a scalable and cost-effective platform for growth.
New data sets can be added easily and quickly. And, if you need
data that is not on the RIMES database, we will source it for you.
■ De-risking implementation Our services will accommodate
your existing technology and data architecture, and our expert
team will work with you from onboarding to live running.
■ Governance and oversight RIMES MDS promotes good data
governance by demonstrating evidence of data provenance
and lineage.
■ Efficiency and cost reduction You can easily commission and
decommission the data you need and our subscription-based
pricing aligns cost with business success.
■ Meeting business user needs All of our data is customized
to the exact needs of different functions and locations.
Every RIMES client has unique requirements and receives a
bespoke service.
■ Minimizing manual intervention Our services are designed
to minimize manual intervention and to remove the need to
customize data in-house.
■ Agility and scalability Managed data services improve
business agility and responsiveness. You can seize new
business opportunities more quickly and confidently and
scale without high risk and costly IT projects.
■ Data quality Benefit from superior data quality and accuracy,
which reduces operational and regulatory compliance risk.
■ Expert support We invest continually in people who are
expert in all aspects of financial data management. As a
RIMES client you can avoid the need to train or expand
internal support teams.
■ Fast time to market RIMES clients enjoy a reduced time to
market for new products and, as a result, are more productive.
Quantifiable benefits
of a managed service
RIMES MDS offers a strategic solution
to the data management challenge. As
a fully-managed data service it offers
the benefits of flexibility and scalability
without the need for substantial
investment in technology. The burden
of investment is borne by RIMES and
the service is continually updated to
keep pace with changes in technology
and market practice.
There are sound business reasons to
choose RIMES MDS. Benefits include:
1 A boost in productivity of up to
20%* as a result of a reduction in
data queries and remediation work
2 Substantial IT cost savings as a
result of improved data feed and
data delivery maintenance
3 Reduced third-party legacy fees.
Many RIMES clients have been able
to cancel legacy data services and
reduce data delivery costs
4 Improved ability to scale without
a major IT project or investment in
headcount
5 Superior data quality and accuracy,
which reduces operational and
regulatory compliance risk
*Forrester Consulting:
The Total Economic
Impact™ Of RIMES
Managed Data Services
About RIMES
RIMES is a specialist provider of data management services
to asset managers, owners and servicers worldwide. For
over 20 years, we have helped our clients reduce the cost
of managing data, mitigate operational risk, and comply
with a growing array of financial regulation. In 1996, we were
a pioneer provider of managed data services using cloud
technology; today our clients include 60 of the top 100
global investment managers by TAUM and 9 of the world’s
top 10 asset servicers.
With the RIMES Managed Data Service (MDS) our clients
are able to improve the quality of their data, transform their
data management capabilities, and boost their business
responsiveness. By choosing a managed data service,
they remove the burden of data management without
surrendering control. RIMES MDS eases the regulatory
compliance burden by improving data governance and
transparency.
To complement MDS, RIMES RegFocus was built to respond
to the growing burden of regulatory compliance — including
market manipulation and insider dealing surveillance — faced
by asset managers. RegFocus builds on the proven methods
and technology of RIMES MDS but addresses the specific
needs of compliance officers who must comply with the ever
increasing regulatory challenge.
North America
New York
(Headquarters)
84 Wooster Street
New York NY 10012
USA
+1 212 381 9000
EMEA
London
No. 1 Cornhill
London, EC3V 3ND,
UK
+44 (0)20 7743
6040
Boston
31 St James Avenue
Boston MA 02116
USA
+1 617 342 3689
Paris
13 avenue de l’Opéra
75001 Paris
France
+33 (0)1 78 09 70 70
Seattle
1420 Fifth Avenue
Seattle, WA 98101
Nicosia
Gerasimou
Markora 3
Nicosia 1075
Cyprus
+357 22 028 045
Toronto
161 Bay Street
Toronto, ON M5J 2S1
Canada
+1 416 572 2523
Asia Pacific
Sydney
88 Phillip Street
Sydney, NSW 2000
Australia
+61 (0)2 9258 1189
Shanghai
1105 China Insurance
Building
166 East Lujiazui
Road
Shanghai, 200120
China
+86 21 5888 6108
Singapore
North Tower
1 Raffles Quay,
Singapore 048583,
Singapore
+65 6622 5930
© RIMES Technologies 2017
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Get in touch
[email protected]
rimes.com/mds
IFM
BEST BUY-SIDE MANAGED DATA
SERVICES PROVIDER - USA
Best Managed Service
for Reference Data
RIMES Technologies
AWARDS
2014 - 2017
2015
RIMES Technologies