IHS Markit and Financial Recovery Technologies Partner to Deliver Best-in-Class Asset Servicing Capabilities for Corporate Actions and Class Actions
IHS Markit (NYSE: INFO), a world leader in critical information,
analytics and solutions, today announced a partnership with
Financial Recovery Technologies (FRT), a leading provider of
securities class action recovery services to the investment
community. This partnership will offer best-in-class corporate
actions data and processing capabilities to FRT clients while
enabling IHS Markit clients to leverage world-class securities
class action recovery services.
The partnership will leverage IHS Markit's unified Corporate
Actions solution that brings together the power of
award-winning enterprise technology solutions and managed data
services that help capital market firms to reduce risk, increase
efficiency and enhance service quality by streamlining, optimizing
and automating the whole corporate actions workflow for all
asset-classes and markets.
Technologies brings technology-based services to help firms
identify eligibility, file claims and collect funds made available
in securities class action settlements. Offering the most
comprehensive range of claim filing and monitoring services
available, FRT provides eligibility analysis, disbursement auditing
and client reporting, and delivers the highest level of accuracy,
accountability and transparency.
"With the increasing complexity, activity and recovery
opportunities in class actions globally, we will be able to offer
our clients a state-of-the-art governance and recovery solution
through this partnership with FRT, helping our clients to achieve
comprehensive coverage and maximize their recoveries," said Ankush
Zutshi, Vice President, Corporate Actions & Securities
Processing, IHS Markit.
"This partnership with IHS Markit seeks to help our clients who
want greater transparency and automation into their corporate
actions process," said Rob Rynd, Vice
President, Global Head of Partnerships and Alliances. "The trading
landscape continues to evolve with increased market complexity,
particularly as investing has become more global. We see
commonality in our approach to helping our clients with in-depth
experts, validated data and greater automation across historically
manual processes. It's this data driven digital first approach that
makes a difference and has immediate impact."
With this strategic partnership, both organizations' focus on
technology-driven solutions, dedicated teams of subject matter
experts, and continued product innovation will improve their
clients' asset servicing ecosystems for processing post-trade
corporate and class action events.
About IHS Markit
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and expertise to forge solutions for the major industries and markets that drive economies worldwide. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world's leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
The IHS Markit Corporate Actions solution connects you to leading technology and trusted data built on advanced expertise and a global community of post-trade operational experts. For more information, please visit ihsmarkit.com/corporate-actions
About Financial Recovery Technologies
Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. Financial Recovery Technologies is a Cross Country Group company. For more information, go to www.frtservices.com.
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