BetaNXT Collaborates with Chicago Clearing Corporation for Enhanced Class Action Recovery Solutions

BetaNXT Partners with Chicago Clearing Corporation

In a significant move for the financial services sector, BetaNXT has announced a strategic partnership with the Chicago Clearing Corporation (CCC), aimed at enhancing the recovery process for brokers and wealth managers involved in class action lawsuits. This collaboration is particularly vital as numerous investors miss out on substantial settlement funds due to the increasing complexity of class actions.

BetaNXT is recognized for its innovative wealth management technology solutions that provide real-time data and superior advisor experiences. With this partnership, the company aims to streamline the method by which brokers can identify eligible holdings and ensure class action settlement funds reach investors promptly and accurately.

Chris Nobles, Division Executive for BetaNXT's Mediant unit, emphasized that the partnership's primary goal is to empower brokers to serve their clients better. With the capabilities of BetaNXT paired with CCC's expertise in claim filings, the firms target a reduction in operational inefficiencies that often cause delays in fund recovery. Nobles stated, _“This partnership is about enabling brokers to better support their investors.”_

The increasing complexity of class action settlements, particularly with the introduction of Delaware's