FRT launches technology improvements, including sophisticated loss calculation software

FRT Admin
Site administrator
May 6, 2013

Financial Recovery Technologies LLC (FRT), the leader in securities class action settlement recovery, today announced a major software upgrade that will expand the services available to clients. The centerpiece of this latest advance is a sophisticated loss calculation system, made possible by expanding data processing capabilities. The new loss calculation system allows clients to examine their securities losses in a multitude of ways.

“While today FRT is known as the claims filing industry’s technology leader, we won’t stay that way if we don’t continue to invest,” said David Pineau, FRT’s Director of Information Technology. “Our clients are constantly challenging us to help them in different ways, and we like to solve these problems through scalable and reliable software application development.”

The new code release builds on the sophisticated Recognized Loss and matching algorithms long a staple of the FRT solution. Additionally, all of FRT’s analytical work can be made available to clients within FRT’s industry-leading client information portal.

Over the past year, FRT  has made significant investments in its core technology platform, including infrastructure and security improvements, hardware advancements, and software capabilities in order to enhance its services to clients.

To be able to improve performance, scalability, and reliability, as well as provide better, more efficient service to customers, FRT relocated to the 100 Summer Street Data Center owned by The Markley Group, which will house new Hewlett Packard Next-Generation Servers that will power FRT operations for the next few years.

This equipment will be protected by new state of the art firewalls and numerous other security measures to ensure the highest level of data security for our clients. Additionally, the operation of all of this equipment will be monitored by an industry leading vendor in Security & Infrastructure Monitoring and Management.

About Financial Recovery Technologies

Founded in 2008, Financial Recovery Technologies (FRT) is a technology-based services firm that helps investors meet their fiduciary responsibilities by identifying eligibility, filing claims and collecting funds made available in securities class action settlements. Offering the most comprehensive range of claim filing services available, FRT 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 (www.crosscountrygroup.com). For more information, go to www.frtservices.com

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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. For more information, go to www.frtservices.com.

 

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.