B.I.S.S. Research announces Rhyme Systems leading Wealth Management System for MiFID

London - 28 February 2007

B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced that after extensive benchmarking of systems within the Wealth Management sector, to date Rhyme Systems has been found to have the most advanced functionality, in preparation for MiFID.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said “We have now completed twelve benchmarking assignments of vendor systems, with the majority in the Wealth Management sector and found that rhymeSIGHT has most advanced functionality for MiFID. Only two vendors have achieved the MiFID B.I.S.S. Accreditation with most having to go back and try again.

This is worrying for the industry at this stage of the MiFID implementation project. Most vendors have struggled to gain detailed specifications from their customers, which has hindered them in enhancing their systems functionality before now. In this context the performance of Rhyme Systems is as much an outstanding testament to the ability of its management as its system ‘rhymeSIGHT’.

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