Fiscal, a Rhyme Systems application, has been benchmarked against MiFID requirements and been awarded the B.I.S.S. MiFID Accreditation.
“Fiscal is an established financial solution that has a proven track record and a loyal customer base. Our benchmarking has uncovered the considerable investment Rhyme Systems has made in producing a solution that meets the needs of the stock broking and accounting community. MiFID marks the beginning of these challenges, as financial institutions seek to comply with existing regulatory requirements and bid to remain competitive in the future,” says Gary Wright, CEO, B.I.S.S. Research.
“Fiscal is a proven multi currency, multi-firm settlement system that continues to support agency and principal trading settlement. While the service already has a collection of high profile UK investment management firms on its books, the MiFID accreditation provides excellent third party endorsement for future prospective customers,” adds Bob Whigham, director software operations, Rhyme Systems.