Rimes and FundGuard Partner to Modernize Investment Accounting with Real-Time Data

Rimes and FundGuard have formed a strategic partnership to integrate managed data services with real-time investment accounting. For fintech professionals, this represents a significant push toward reducing implementation risk and operational friction by embedding governed data from over 850 sources directly into the accounting environment, streamlining workflows for asset managers and fund administrators.

What was announced

The collaboration links Rimes’ Intelligence Fabric—a suite of managed data services and investment intelligence capabilities—with FundGuard’s cloud-native investment and fund accounting platform. This integration is designed specifically for mid-to-large asset managers, fund administrators, and asset servicers who are currently navigating the transition away from legacy accounting systems. By connecting these two environments, firms can ingest normalized, governed data from more than 850 sources directly into their accounting workflows.

The primary objective of the partnership is to improve operational resilience and reduce the complexity of reconciliations across middle and back-office operations. This real-time connectivity allows for better support of new investment products and provides the scalability required for modern investment operations. The partnership aims to lower the risk associated with large-scale digital transformations by providing a pre-integrated ecosystem where trusted data and intelligent accounting work in tandem. By utilizing FundGuard's continuous accounting engine alongside Rimes' data network, the companies intend to help firms transform their operating models and accelerate time to value for new implementations.

"Clients increasingly want integrated solutions that reduce complexity and accelerate time to value. Our partnership with FundGuard brings together Rimes' trusted data network, connected intelligence and always-on operational control with FundGuard's continuous accounting engine. Together, we help firms transform their investment operating models with an ecosystem that delivers decision-grade intelligence,"

Allen Cohen, Head of Global Partnerships, Rimes.

The companies involved

Rimes is a prominent provider of enterprise data management and investment intelligence solutions, serving the global investment community. The firm is a portfolio company of Five Arrows, the alternative assets arm of Rothschild & Co. Rimes has established a significant footprint in the market by offering managed data services that allow financial institutions to outsource the complexities of data governance and integration. Its Intelligence Fabric is positioned as a central hub for connecting disparate data sources with operational controls.

FundGuard operates as a cloud-native investment accounting platform, focusing on providing real-time insights and automated workflows for asset managers and fund administrators. Unlike traditional legacy systems, FundGuard’s architecture is built to handle the high-velocity data demands of modern finance through a continuous accounting engine. While Rimes brings a vast network of data sources and intelligence, FundGuard provides the infrastructure for real-time fund accounting. Both companies occupy critical positions in the fintech stack, addressing the industry's shift toward cloud-based infrastructure and the need for high-fidelity data to drive investment decisions and regulatory reporting.

What FF News has reported before

FF News has tracked Rimes’ recent efforts to bolster its leadership and technological capabilities. In October 2026, the company appointed former FINRA executive Tigran Khrimian as Chief Technology Officer to lead its technical strategy. This followed the appointment of Amir Mirza as Chief Financial Officer in September, a move intended to drive AI innovation and global growth. Rimes has also been active in the client space, as seen when Boston Partners Taps Rimes for AI-Ready Enterprise Data Mastering to enhance their data governance. Additionally, the broader market context includes developments like PANTA launching an AI-powered index operating system, highlighting the industry-wide trend toward data-driven automation.

What this means

This partnership signals a move away from the "best-of-breed" siloed approach toward deeply integrated ecosystems. For the investment industry, the bottleneck has long been the friction between data providers and accounting engines, often requiring manual reconciliation. By embedding Rimes’ data directly into FundGuard, the duo is putting pressure on legacy providers whose architectures cannot support such real-time, cross-platform fluidity. The move raises questions for the wider sector about the future of standalone data management; as accounting platforms become more "intelligent" and cloud-native, the value proposition shifts from merely providing data to ensuring that data is "decision-grade" and pre-integrated into the user's primary workflow.