Financial Recovery Technologies Selected by BNY Mellon's Asset Servicing Business to Power its Settled Class Actions Recovery Program
MEDFORD, Mass., April 24, 2023 /PRNewswire/ -- Financial Recovery Technologies (FRT), the leading global securities class actions recovery provider, today announced it will power the North American class action filing and recovery service for BNY Mellon's custody clients, including broader access to comprehensive non-U.S. alerts for global markets. This expands upon the alliance that was announced in 2021.
- MEDFORD, Mass., April 24, 2023 /PRNewswire/ -- Financial Recovery Technologies (FRT), the leading global securities class actions recovery provider, today announced it will power the North American class action filing and recovery service for BNY Mellon's custody clients, including broader access to comprehensive non-U.S. alerts for global markets.
- The announcement is the latest milestone in BNY Mellon's focus on building a digital-driven custody ecosystem for its clients to ensure resilient and scalable solutions.
- "This partnership builds on a multi-year effort to provide the most comprehensive class action solution for BNY Mellon's custody clients," said Rob Adler, Chief Executive Officer at FRT.
- "BNY Mellon and FRT made significant investments to automate and streamline the service, encompassing the entire lifecycle of the workflow."