Financial Recovery Technologies Wins Multiple Industry Awards for Technology Innovation

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Nov 30, 2016, 09:00 ET

MEDFORD, Mass., Nov. 30, 2016 /PRNewswire/ -- Financial Recovery Technologies ("FRT") has won Best in Investment Claim Filing & Monitoring Systems at the Corporate Vision 2016 Technology Innovator awards, and was named a "Visionary in Technology" in legal and consulting by TMT Magazine. These awards highlight cutting edge individuals, departments and firms who are developing and sharing the technology that will continue to enhance and fundamentally improve the business world.

"Corporate governance has undergone a drastic facelift over the last few years," said Rob Adler, President of FRT. "Few areas have become as doggedly complex as securities class actions. Heightened scrutiny, globalization, and non-traditional class actions have added extraordinary complexity to servicing the needs of investors in this area. Manual and time-consuming processes were the industry standard during simpler times, but these legacy systems are no longer sufficient. By marrying our in-depth expertise with disruptive technology advances FRT empowers our clients to better cope with the challenges they now face."

In 2016, FRT launched services for antitrust and appraisal rights cases in direct response to clients' needs. These services have bolstered clients' abilities to anticipate, manage and seize financial opportunities like Dell's appraisal rights award last May and pending antitrust settlements like the multi-billion dollar FOREX case.

"The last year has seen the most rapid advancements in our ability to execute on our mission to deliver the best services for our clients," said Mark Bouchea, Senior Vice President of Product Development. "We continue to invest millions in our platforms and new services to meet the needs of our clients and the changing landscape of class actions. Awards and industry recognition are the punctuation to an overwhelming amount of positive feedback we've received from clients."

FRT has more than 500 institutional clients worldwide including hedge funds, asset managers, sovereign wealth funds, pension funds and private banks with more than $25 trillion in collective assets under monitoring.

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 and other 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 (http://www.ccgroup.com/). For more information, go to www.frtservices.com.

SOURCE Financial Recovery Technologies