B.I.S.S. Research has 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.
“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,” says Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept.
Only two vendors have achieved the MiFID B.I.S.S. Accreditation with most having to go back and try again. B.I.S.S. Research says 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, according to B.I.S.S.