Financial Recovery Technologies Selected by State Street to Enhance Global Class Actions Service

Financial Recovery Technologies announced on January 21, 2026 a strategic relationship with State Street (STT) to support and expand the custody bank's global class actions program.

Rhea-AI Summary

Financial Recovery Technologies announced on January 21, 2026 a strategic relationship with State Street (STT) to support and expand the custody bank's global class actions program. The collaboration will let State Street leverage FRT's technology, analytics, and operational scale to enhance filing, recovery, and reporting across global markets. FRT's portal offers an Executive Dashboard, custom filtering, real-time case alerts, and end-to-end tracking from settlement to remittance. FRT serves more than 2,500 institutional clients and has offices in Boston, London, Sydney, and New York.

Argus Jan 21 session

+1.28% close to close Open Argus

Details

News Market Reaction – STT

On Jan 21, the day this news came out, STT closed 1.28% above the previous close.

Data tracked by StockTitan Argus for the Jan 21 session.

Key Figures

Institutional clients: more than 2,500

Institutional clients

more than 2,500

Global institutional clients served by FRT

Historical Context

5 past events · Latest: Jan 16

5 events

1. Jan 16

   Earnings release

   24h Move

   -6.1%

   Fourth-quarter and full-year 2025 financial results and conference call.

2. Jan 14

   Strategic investment

   24h Move

   +1.4%

   Minority investment in Groww AMC to expand India-focused strategies.

3. Jan 08

   Mandate win

   24h Move

   +0.3%

   Appointed service provider for new Columbia Threadneedle UCITS ETFs.

4. Dec 19

   Earnings scheduling

   24h Move

   +1.8%

   Announcement of Q4 and full-year 2025 results release and call date.

5. Dec 18

   Dividend declaration

   24h Move

   +0.9%

   Declaration of a quarterly cash dividend of $0.84 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

securities class action, custody bank, litigation intelligence, recognized loss calculations

4 terms

securities class action regulatory

"the leading global provider of securities class action recovery services"

A securities class action is a lawsuit brought by a group of investors who claim they lost money because a company or its executives made false or misleading statements about financial performance, risks, or business prospects. Think of it as many people pooling forces to challenge misleading information; it matters to investors because these cases can lead to large settlements or judgments, hurt a company’s reputation, drain cash, and cause share prices to fall or become more volatile.

custody bank financial

"to support and expand the custody bank's class actions program"

A custody bank is a specialized financial institution that holds and safeguards stocks, bonds and other investments on behalf of investors, like a secure vault and record-keeper for your financial assets. It also handles trade settlement, collects dividends or interest, processes corporate actions (such as stock splits), and provides reporting and cash management—services that reduce the risk of loss or administrative errors and help investors run portfolios reliably.

litigation intelligence regulatory

"FRT's market leading platform and litigation intelligence enable us"

A system of gathering and analyzing information about lawsuits, regulatory probes and legal risks to predict how they might affect a company’s finances and reputation. Think of it as a weather forecast for legal trouble: it tracks patterns, likely outcomes and timing so investors can judge the chance of costly settlements, fines or business disruption and make better decisions about risk, valuation and timing of trades.

recognized loss calculations financial

"to recognized loss calculations and payment validation, our platform is designed"

Recognized loss calculations are the methods companies use to figure out and record how much value has been lost on assets or operations in their financial statements, following accounting rules. For investors, these calculations matter because they change reported profit, owners’ equity and sometimes regulatory capital, much like assessing and writing down the value of a damaged car—what you record affects the picture of financial health and future cash needs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

MEDFORD, Mass., Jan. 21, 2026 /PRNewswire/ -- Financial Recovery Technologies (FRT), the leading global provider of securities class action recovery services, today announced a strategic relationship with State Street to support and expand the custody bank's class actions program across global markets. Through this collaboration, State Street will leverage FRT's technology, expertise, and operational scale to deliver enhanced class action filing and recovery solutions for its clients.

"This relationship builds on our shared vision to provide clients with innovative, value-added solutions that improve transparency, operational efficiency, and governance outcomes," said Michael Cotter, President at FRT. "FRT's market leading platform and litigation intelligence enable us to offer State Street's clients a more comprehensive solution and expanded coverage that adapts to the growing complexity of global class actions."

"Financial Recovery Technologies' solution will strengthen our class actions service offering by adding scale, transparency, and advanced analytics," said Chris Rowland, Head of Custody, Digital and Fund Services Product at State Street. "These enhancements will expand coverage, leveraging advanced technology and actionable market intelligence that aim to maximize recovery opportunities for clients."

FRT's class action portal supports transparency throughout the lifecycle of each case, from settlement to remittance, and includes features such as an Executive Dashboard, custom filtering, and real-time case alerts.

"Partnering with State Street allows us to bring our advanced capabilities to a broader client base," said Malav Mehta, SVP of Product at FRT. "From pre-filing analytics and data reconciliation to recognized loss calculations and payment validation, our platform is designed to maximize recovery outcomes while reducing administrative burden."

Headquartered outside of Boston, MA, with offices in London, Sydney, and New York, FRT provides securities class action recovery services and compliance solutions to more than 2,500 institutional clients worldwide. Its reputation for industry expertise, unbiased legal insight, and dedicated service teams makes it the trusted partner for global class action recovery.

About Financial Recovery Technologies

Financial Recovery Technologies (FRT) is a global technology and services firm helping institutional investors unlock operational alpha amid increasingly complex financial and regulatory environments.

FRT's industry-leading class action platform maximizes recoveries across securities litigation and antitrust settlements worldwide through advanced eligibility analysis, claims management, and fund recovery. With the 2024 acquisition of Skematic—a purpose-built compliance management system—FRT now enables compliance teams to replace manual workflows and fragmented tools with a centralized, automated, and audit-ready framework.

Together, FRT's solutions streamline middle- and back-office operations, helping clients meet fiduciary and regulatory obligations with greater efficiency, transparency, and control. Financial Recovery Technologies is a Cross Country Group company. Learn more at  www.frtservices.com.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $53.8 trillion in assets under custody and/or administration and $5.7 trillion* in assets under management as of December 31, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 52,000 worldwide. For more information, visit State Street's website at  www.statestreet.com.

* Assets under management as of December 31, 2025includes approximately $173 billion of assets with respect to SPDR^® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.

Media Contact: Jennifer Rothenberg, jrothenberg@frtservices.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/financial-recovery-technologies-selected-by-state-street-to-enhance-global-class-actions-service-302665987.html

SOURCE Financial Recovery Technologies

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Financial Recovery Technologies announce with State Street on January 21, 2026?

They announced a strategic relationship to expand State Street's global class actions program using FRT's technology and operational scale.

How will the State Street (STT) partnership change class action services for clients?

State Street will leverage FRT's platform, analytics, and automation to expand coverage, improve transparency, and streamline recoveries.

What features does FRT's class action portal provide for State Street clients?

The portal includes an Executive Dashboard, custom filtering, real-time case alerts, pre-filing analytics, reconciliation, and payment validation.

Will the partnership affect recovery tracking and remittance timelines?

The announcement says FRT's platform supports end-to-end tracking from settlement to remittance to improve transparency and operational efficiency.

Does Financial Recovery Technologies operate globally for State Street's markets?

Yes; FRT supports global markets and has offices in Boston, London, Sydney, and New York while serving over 2,500 institutional clients.

How might the State Street and FRT relationship impact client recovery outcomes?

The companies state the collaboration aims to maximize recovery opportunities by combining advanced analytics, litigation intelligence, and scale.