Core Insights - Financial Recovery Technologies (FRT) has announced a strategic partnership with State Street to enhance the custody bank's class actions program globally [1][2] - The collaboration aims to leverage FRT's technology and expertise to improve class action filing and recovery solutions for State Street's clients [1][2] Company Overview - FRT is a leading global provider of securities class action recovery services, serving over 2,500 institutional clients worldwide [3][4] - The company is headquartered near Boston, MA, with additional offices in London, Sydney, and New York [3] Partnership Details - The partnership is designed to provide innovative solutions that enhance transparency, operational efficiency, and governance outcomes for clients [2] - FRT's class action portal includes features such as an Executive Dashboard, custom filtering, and real-time case alerts to support transparency throughout the lifecycle of each case [2][5] Technology and Services - FRT's platform maximizes recoveries through advanced eligibility analysis, claims management, and fund recovery [5] - The recent acquisition of Skematic allows FRT to offer a centralized, automated compliance management system, replacing manual workflows [5][6] State Street Overview - State Street Corporation is a major provider of financial services to institutional investors, with $53.8 trillion in assets under custody and/or administration and $5.7 trillion in assets under management as of December 31, 2025 [7][8] - The company operates in over 100 geographic markets and employs approximately 52,000 people globally [7]