IHS Markit has partnered with Financial Recovery Technologies (FRT) to deliver asset servicing capabilities for corporate actions and class actions.
Established in 2008 and headquartered in Massachusetts, FRT offers technology-based services to help firms file claims and collect funds made available in securities class action settlements through eligibility analysis, disbursement auditing and client reporting.
FRT’s partnership with IHS Markit aims to offer corporate actions data and processing capabilities to FRT clients while enabling IHS Markit clients to leverage securities class action recovery services.
The partnership will leverage IHS Markit’s corporate actions solution that brings together technology solutions and managed data services that help capital market firms to reduce risk, increase efficiency and enhance service quality by streamlining, optimising and automating the whole corporate actions workflow for all asset-classes and markets.
Ankush Zutshi, vice president of corporate actions and securities processing, IHS Markit, says: “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 achieve a comprehensive coverage and maximising their recoveries.”
Rob Rynd, vice president, global head of partnerships and alliances, comments: “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 is this data driven digital first approach that makes a difference and has immediate impact.”
