About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

State Street Alpha Expands Index and Benchmark Services Through Partnership with RIMES

Subscribe to our newsletter

State Street’s recent addition of a strategic partnership with RIMES will help clients meet increasingly complex index requirements and provide a solution that aggregates indexes and benchmarks across multiple providers.

The partnership, which is with State Street Alpha, an integrated front-to-back office platform that combines Charles River Development (CRD), middle-office processing, data and back-office services, and the Alpha Data Platform, will significantly expand Alpha’s data offer through the addition of RIMES’ index and benchmark data.

RIMES brings 25 years of expertise in delivering data solutions and managed data services, including its Benchmark Data Service, to the partnership, which extend Alpha’s data services provision with access to 3.4 million indices, 1,600-plus data sources, and more than 650 data partners. Client benefits include operational efficiencies from increased consistency and faster implementation for new indexes, restatements, and changes.

“The management of comprehensive index and benchmark data at scale is vital to our clients and through this partnership with RIMES, State Street Alpha will deliver the foremost benchmark and index service,” says John Plansky, head of State Street Alpha.

RIMES has worked with State Street on the custodial side of the business for some years, providing a foundation for the index and benchmarking partnership. RIMES’ expertise is in ingesting data from multiple sources, checking data quality and any data breaks, validating and cross-referencing the data, and entitling and permissioning data delivery to clients.

Discussing the State Street Alpha partnership, John Farris, executive vice president and head of partnerships at RIMES, says: “This can improve time to market as we manage all the data to meet clients’ needs quickly.”

RIMES will integrate its index and benchmark services with both with State Street Alpha and the Charles River investment management system.

Scott Miller, chief revenue officer at RIMES, notes that State Street and RIMES already have mutual clients, and that the integration of RIMES services with Alpha will provide more seamless workflows. New mutual clients, he comments, will gain the efficiencies of plug and play integration.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

Uncovering Data Anomalies: 16 Data Observability Solutions for Capital Markets

Financial institutions’ operational resilience depends largely on the integrity of their data and the applications it feeds. The huge volume of data that modern organisations ingest makes this a challenge. The accuracy, completeness and timeliness of critical data can be improved if it is monitored and checked as it moves through increasingly intricate data pipelines...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...