Innovation is in our DNA

As the industry has evolved, so has Financial Recovery Technologies. FRT was born with the idea that through technology and focus we could build a better solution for Class actions and since then, we have consistently been at the forefront of developing new solutions in line with our clients’ and the market’s needs. With over 140 employees and a diverse roster of clients, we have grown from a start-up to the leading shareholder class action monitoring and recovery provider globally. We have a proven track record of being first to market with comprehensive coverage of Opt-in and Antitrust solutions and most recently given our clients’ increasing focus on ESG, we are excited to have recently launched our new Litigation ESG insights.
2022
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2014
  • Launch of new service – Litigation ESG – a proprietary scoring system that evaluates the Environmental, Social and Governance (ESG) aspects of global shareholder recovery opportunities
  • Partnership with Bank of New York Mellon
  • Launch of our new and enhanced client portal gives investors a real-time consolidated view of their class actions management
  • Partnership with CITCO
  • FRT API launch which includes a suite of data feeds to facilitate greater automation and transparency
  • Launch of a new service for Global Passive Recovery
  • Partnership with CITCO
  • Product enhancements for Filing and Settled Notifications
  • SSAE 18 Type II Certification demonstrates our high standards of data security
  • Strategic partnership with Eagle Investment
  • Product Enhancement for eligibility notifications
  • Launch of our Antitrust and Appraisal Rights services
  • Two-factor authentication introduced for our client portal to support increasing platform security
  • Enhanced client portal experience for Claims Filing
  • Acquisition of Cypress
  • Launches of our new service for Direct Opt-Out
  • Partnership with Top 3 Global Custodian
  • Launch of our Litigation Monitoring Platform
  • Acquisition of IRSS
  • Introduction of our new lockbox process for payments

Unmatched Data Security

Data security is a top priority for FRT, and we continuously invest in our technology and processes to ensure that our clients’ data is safe and protected at all times.

  • All client trading data is transferred securely in encrypted form and is segregated by client.
  • All client data is stored on secure servers co-located at a well-known data center offsite, which is SSAE 18 Type II certified.
  • All transaction databases and proprietary applications are housed on secure servers which are segregated from our corporate IT infrastructure and are only accessible via an encrypted private network which requires multi-factor authentication.
  • We follow all security and privacy regulations in the jurisdictions where we operate, including GDPR and the EU-U.S. Privacy Shield Framework.
  • All FRT personnel follow a stringent and extensive set of data security policies and procedures designed to exceed today’s industry standards.

Technology To Create Operational Efficiencies

Every solution we offer is powered by market-leading technology that automates back-end processes like claims identification, filing, recovery, and recognized loss calculations. And we are constantly investing in our technology and information security to deliver the best possible performance for our clients.

At every stage of the recovery process, we implement rigorous controls to ensure data quality and accuracy. Our comprehensive information security policies and procedures meet or exceed industry standards and are tried and tested by our clients, some of the largest custodial banks, hedge funds, and pension funds in the world.

Systems and Organization Controls (SOC) 1 Type 2

We have attained Systems and Organization Controls (SOC) 1 Type 2 report, providing a third-party attestation that FRT meets all AICPA-defined criteria related to the control objectives described below. Clients can be reassured that we have undergone rigorous testing to validate that our policies and process controls are secure, robust, and reliable as it relates to:

  • Client Onboarding
  • Case Management
  • Eligibility and Loss Analysis
  • Claims Filing & Tracking
  • Settlement Recoveries
  • Logical Access
  • Incident Management
  • Backups
  • Change Management

Get in touch for more information regarding the SSAE 18 SOC I Type II Attestation report.

Litigation ESG

In 2022, we launched Litigation ESG (LESG™), our proprietary grading system that produces an LESG score for the core case allegations from an Environmental, Social and Governance perspective.

It is a new factor that clients can incorporate in Opt-in or Opt-out decisions, in addition to financial return vs risks.

Learn More About LESG

Client Portal

The world of class actions has evolved dramatically over the last five years requiring investors to upgrade their existing governance, controls, and protocols.

At Financial Recovery Technologies, we continue to invest in technology to meet your needs with client-centric products, actionable intelligence, and purpose-built technology.

With our Class Action Portal, clients can get a consolidated and transparent view into your firm’s class action eligibility, filing, and recovery status, across the full claims management lifecycle.

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