State Street has partnered with Financial Recovery Technologies (FRT) to enhance the class actions service it delivers to institutional investors.
FRT’s technology will introduce greater transparency and more advanced analytics across the full lifecycle of each case – from settlement through to remittance. The upgraded service includes custom filtering, real-time case alerts and expanded data capabilities.
Chris Rowland, State Street’s head of Custody, Digital and Fund Services Product, said the enhancements “will expand coverage, leveraging advanced technology and actionable market intelligence that aim to maximize recovery opportunities for clients.”
Malav Mehta, senior vice president of product at FRT, added: “From pre-filing analytics and data reconciliation to recognised loss calculations and payment validation, our platform is designed to maximise recovery outcomes while reducing administrative burden.”
