#USA #Financial Recovery #Medford #class actions #State Street

Financial Recovery Technologies Partners with State Street to Enhance Global Class Actions Service

On January 21, 2026, Financial Recovery Technologies (FRT), a leader in the realm of securities class action recovery services, announced its strategic partnership with State Street Corporation. This collaboration is set to amplify State Street's class actions service, allowing for improved efficiency in the recovery process of securities litigation across global markets.

The agreement is not just about strengthening service; it focuses on innovation and delivering enhanced value to institutional investors. Michael Cotter, President of FRT, highlighted the mission of the partnership: "This relationship builds on our shared vision to provide clients with innovative, value-added solutions that improve transparency, operational efficiency, and governance outcomes." This partnership is a manifestation of FRT’s robust technology and expertise in the field.

The enhanced solutions provided through this collaboration aim to deliver better outcomes in client recovery efforts. Chris Rowland, Head of Custody, Digital and Fund Services Product at State Street, emphasized the importance of transparency and state-of-the-art analytics in maximizing recovery opportunities. The involvement of FRT is expected to bring scalable solutions that effectively meet the growing complexities of class actions in various jurisdictions globally.

FRT is renowned for its comprehensive class action portal, which provides transparency at every stage of case management. This advanced platform features an Executive Dashboard, custom filtering options, and real-time alerts on case progress, fostering greater communication and oversight throughout the lifecycle of the legal processes involved in class actions.

Malav Mehta, SVP of Product at FRT, indicated that partnering with State Street allows for broader deployment of cutting-edge recovery capabilities. FRT aims to ease the administrative load while maximizing recovery outcomes. The platform includes pre-filing analytics, thorough data reconciliation, recognized loss calculations, and payment validation capabilities which serves to automate and streamline operations, making the recovery process more efficient for all clients involved.

FRT, headquartered near Boston, Massachusetts, boasts an international presence with additional offices in major cities such as London, Sydney, and New York. Serving more than 2,500 institutional clients globally, FRT has earned a solid reputation as a trusted partner in securities recovery, known for its extensive industry expertise and unwavering commitment to client service.

The company operates in a landscape that's often fraught with financial complexities and regulatory challenges, providing essential solutions to help institutional investors manage their fiduciary responsibilities effectively. FRT's mission focuses on unlocking operational alpha through advanced technological integrations.

Notably, FRT has also expanded its capability through the acquisition of Skematic, a tailored compliance management system, further enhancing its capacity for risk management and operational responsiveness. With these advanced tools, compliance teams can now navigate the intricacies of regulatory obligations more seamlessly.

As part of State Street, a seasoned player in investment services and financial management, handling assets worth $53.8 trillion, this collaboration positions both companies for significant influential reach in the financial services sector. State Street has been recognized for its extensive global footprint and deep market insights, making this agreement a powerful alliance for enhancing class action recovery mechanisms.

Conclusion

As global financial landscapes continue to evolve, partnerships like the one between FRT and State Street are essential in creating innovative solutions for the complexities of securities litigation. By leveraging advanced technology and insights, both firms are well-positioned to offer unmatched support in the class action space, potentially setting new standards for efficiency and transparency in the financial recovery process.