IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced a partnership with Financial Recovery Technologies (FRT), a leading provider of securities class action recovery services to the investment community. This partnership will offer best-in-class corporate actions data and processing capabilities to FRT clients while enabling IHS Markit clients to leverage world-class securities class action recovery services.

The partnership will leverage IHS Markit’s unified Corporate Actions solution that brings together the power of award-winning enterprise technology solutions and managed data services that help capital market firms to reduce risk, increase efficiency and enhance service quality by streamlining, optimizing and automating the whole corporate actions workflow for all asset-classes and markets.

Financial Recovery Technologies brings technology-based services to help firms identify eligibility, file claims and collect funds made available in securities class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, FRT provides eligibility analysis, disbursement auditing and client reporting, and delivers the highest level of accuracy, accountability and transparency.

“With the increasing complexity, activity and recovery opportunities in class actions globally, we will be able to offer our clients a state-of-the-art governance and recovery solution through this partnership with FRT, helping our clients achieve a comprehensive coverage and maximizing their recoveries,” said Ankush Zutshi, Vice President, Corporate Actions & Securities Processing, IHS Markit.

“This partnership with IHS Markit seeks to help our clients who want greater transparency and automation into their corporate actions process,” said Rob Rynd, Vice President, Global Head of Partnerships and Alliances.  “The trading landscape continues to evolve with increased market complexity, particularly as investing has become more global.  We see commonality in our approach to helping our clients with in-depth experts, validated data and greater automation across historically manual processes. It’s this data driven digital first approach that makes a difference and has immediate impact.”

With this strategic partnership, both organizations’ focus on technology-driven solutions, dedicated teams of subject matter experts, and continued product innovation will improve their clients’ asset servicing ecosystems for processing post-trade corporate and class action events.