NEW YORK, Aug. 22, 2019 (GLOBE NEWSWIRE) -- Say, a new financial technology company reshaping shareholder communications, announced that it has signed a multi-year contract with Chicago Clearing Corporation (“CCC”) to power securities class action notifications, settlement claims filing and recovery services for broker-dealers. Working with CCC—the industry leader in securities class action services—Say will add end-to-end handling of class actions claims to its suite of services for broker-dealers, enhancing its product line for its existing and future customers.
The partnership, built upon Say’s API-based, scalable and secure proxy and shareholder communications tools, and CCC’s renowned securities class action claim filing and recovery service, gives brokers a seamless, tailorable system to pinpoint recovery opportunities past and present, minimize risk, and maximize settlement recoveries in a timely fashion. Say and CCC will together ensure that shareholders receive the settlement amounts they deserve.
“We at CCC are excited to team up with Say,” said James Tharin, CEO and founder of CCC. “Our mission is simple: to help broker-dealers notify their clients regarding class action settlements and allow their clients to recover funds owed to them from these litigations. Say’s clients can now tap into our considerable class action expertise and experience to make sure they capture all claims for all accounts.”
Say and Chicago Clearing Corporation’s missions share a core tenet: customer experience. Brokerages working with Say and Chicago Clearing Corporation can rely on white-label processing of shareholder communications, including class action notifications, freeing them up to give their clients the most effective and efficient experience as shareholders. In addition to class actions claims recovery, Say also offers shareholder communications solutions, proxy processing, post-sale prospectus delivery, voting and voluntary corporate actions services to broker-dealers.
“It’s important for our broker-dealer clients to have a have a full solution for their investor communication requirements,” said Laurent Paulhac, CEO of Say. “We develop most services in-house to provide critical technology-based solutions for our clients. In some cases, however, we chose to partner. CCC is the best partner for Say to power our securities class action claims filing and recovery services.”
Say® is a technology startup building technology solutions for broker-dealers, institutional investors and companies. By modernizing the regulated proxy processing system and establishing new ways for investors to exercise their shareholder rights, Say provides companies, institutional investors, analysts and broker-dealers with leverageable insights into their investor base.
For more information visit say.com.
About Chicago Clearing Corporation:
With more than two decades in both the legal and the financial industries, CCC is the premier securities class action recovery specialist. CCC has recovered over $700 million for harmed class members since its inception in 1993, and over $400 million since 2009 alone. CCC's core markets are registered investment advisors, family offices, bank trust departments, hedge funds, proprietary trading firms, pension funds, mutual funds and high-net-worth individuals. Over 1,850 institutional clients turn to CCC to manage their securities class action recoveries, allowing those clients to focus on investing for themselves and their clients.
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“I could go on and on, but bottom line, the fees being charged are much less than what I was spending in house to file and this is just one less thing I have to spend time trying to figure out how to complete on a consistent basis. I send the data on an annual basis to CCC and they take it from there. My clients are protected (if there is a class action, it is getting filed), the Bank is protected (we are meeting our fiduciary obligation by filing the claims) and…dealing with the CCC staff has been a very positive thing.”
John E. Thomason, The National Bank of Indianapolis
“We were spending countless hours on class action claims before we signed on with CCC in January. Matt Murray and their technical team ensured our data transmission was seamless and secure. We found everyone at CCC to be professional, courteous, and accommodating.”
Carie A. Minnie, Torrington Savings Bank
“We found filing securities claims very time consuming and laborious. But after signing with CCC, it’s been great! Everything is handled behind the scenes.”
Carol A. Neville, Proffitt & Goodson
“Signing with CCC has made a huge difference. Before, it was horrible. We had to print thousands of pieces of paper, invite clients to come in and sit down with us to show them where to find the transactions, how to input them into the Proof of Claim forms…Now, we do some minor leg work up front when a new account is opened, and then upload our spreadsheet to CCC. And then, voila! It’s very nice to be able to tell our client, “You can shred that Proof of Claim form because CCC has it taken care of.”
Daniela Jones, Barnes Investment Advisory
“Your client reporting portal and customer service is the reason we chose Chicago Clearing.”
Debbie Kirby, Bank of the Ozarks