Financial institutions are gaining a more streamlined path to leverage high-quality investment data for analytics and AI. Rimes, a leading provider of enterprise data management solutions, has announced a strategic partnership with Databricks. This collaboration makes Rimes Managed Data Services available natively on the Databricks Data Intelligence Platform, enabling clients to access governed, AI-ready data directly within their Databricks environments using the Delta Sharing protocol.
Quick Intel
Rimes partners with Databricks to offer managed data services natively.
Data is accessed via Delta Sharing, eliminating the need for replication.
The integration reduces latency and accelerates access to investment data.
It combines Rimes' domain expertise with Databricks' AI and analytics.
The partnership is the first phase of Rimes' broader data strategy.
The goal is to power intelligent workflows and analytics for financial firms.
The core of this partnership is the use of Delta Sharing, an open-source protocol for secure data sharing. This allows Rimes' customers to connect to their structured datasets without the traditional burden of data replication. The result is reduced latency and faster access to the clean, curated data required for advanced analytics and AI workloads. Vijay Mayadas, President and CEO of Rimes, stated, "Through our exciting partnership with Databricks, we're extending that capability to enable clients to accelerate their time to insight and unlock the full potential of their investment data."
By combining Rimes' deep domain expertise in investment data with Databricks' unified platform and AI products like Agent Bricks, financial institutions are better equipped to optimize analytics and automate complex workflows. Dael Williamson, Field CTO, EMEA at Databricks, commented, "By making Rimes' Managed Data Services available via Delta Sharing, financial institutions can now access clean, curated, and timely investment data directly within their Databricks workspaces, simplifying collaboration and powering their analytics and AI workloads." This partnership marks the first strategic move for Rimes since its 2024 investment by Five Arrows, signaling a broader initiative to create seamless, interoperable data experiences across the financial ecosystem.
About Rimes
Rimes provides transformative enterprise data management and investment intelligence solutions to the global investment community. Driven by a passion for solving complex data challenges, we provide our clients with investment intelligence that powers more than US$ 75 trillion in AUM annually. The world's leading institutional investors, asset managers, and service providers rely on Rimes to help them make better investment decisions using accurate information and industry-leading technology.
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