Electra Sets Record for Winning Fourth Consecutive FTF Award for Best Reconciliation Solution
May 15, 2019 - New York - Electra Information Systems, Inc. (“Electra”), a leading provider of award-winning post-trade solutions for the asset management industry, has won the 2019 FTF News Technology Innovation award in the “Best Reconciliation Solution” category for the fourth consecutive year – marking the first time any company has earned this distinction in a single category.
The FTF News Technology Innovation Awards, presented by Financial Technologies Forum and FTF News, celebrate and recognize the professionals, financial technology vendors, service providers, industry bodies and regulators that have made significant strides and noteworthy achievements in operational excellence throughout 2018. Winners are selected by a popular vote of FTF News readers and industry participants, verified by a panel of judges. Electra has been nominated for Best Reconciliation Solution every year since the inception of the awards in 2011.
John Landry, CEO Electra, said: “This year’s award win is an unprecedented milestone for both Electra and the FTF Awards program. It continues to validate our leadership in delivering best-practice solutions that empower firms to modernize and transform their reconciliation processes through improved speed, accuracy, efficiency and transparency. Electra’s game-changing innovations such as simultaneous N-way reconciliation and aggregating different types of data to drive an intelligent, integrated investigations process are enabling buy-side firms to reduce the risk and cost of complex operations across trade reconciliation, matching, settlement, billing and other related functions.”
Maureen Lowe, founder and president of FTF, said: “We congratulate the more than 75 nominated companies and 26 winners of this year’s FTF Awards, and we thank our readers and industry participants for submitting 15,000-plus votes. The FinTech space continues to be a very exciting and competitive industry, and it can also be one of the most rewarding. Being recognized as one of the top solution or service providers by clients and peers is a great honor, and one that the nominees and winners should be proud of. We look forward to celebrating with industry participants on June 27 at The Boathouse in Central Park.”
Electra Information Systems provides award-winning, innovative post-trade data services and reconciliation, trade matching, settlement and billing solutions for the buy-side asset management industry. Institutional and retail investment managers, hedge funds, insurance companies, fund administrators and outsourced service providers use Electra solutions across their middle and back offices to reduce risk, improve operational efficiencies and enhance billing and revenues. Buy-side firms gain additional business value from Electra’s patented capabilities that intelligently integrates positions, transactions and cash for more robust exception processing. For more information, visit https://www.electrainfo.com/.