Senior Vice President of Client Services, Paul Chung, gives a virtual acceptance speech on Electra's FTF News' 2020 Technology Innovation Award win for Best Reconciliation Solution.
Acceptance Speech: 2020 FTF Award for Best Reconciliation Solution
Electra Short-Listed for Best Reconciliation Solution in 2020 FTF News Technology Innovation Awards
Electra has been short-listed for a 2020 FTF News Technology Innovation Award in the category of “Best Reconciliation Solution.” Voting for the 2020 FTF Awards will end May 15, 2020. Click here to cast your vote.
Electra Named a Top 3 Provider of Fee Billing Solutions in the Bobsguide Rankings 2019
Electra was ranked third in the Bobsguide Rankings 2019 in the Fee Billing category for Electra Billing, out of 20 companies nominated for this category. The rankings were announced on November 21, 2019 and included 574 nominated companies across 36 categories.
Electra: Establishing a Central Data Repository
At InvestOps Europe last month, Global Custodian sat down with Paul Chung, Electra's SVP of client services, to discuss Managed Services trends among buy-side investment managers, and the upcoming Electra Reconciliation 6.0 release.
Electra Reconciliation Update Will Use Machine Learning: Q&A
FTF News - by Eugene Grygo
Following Electra's win of the 2019 FTF News Technology Innovation award for Best Reconciliation Solution (its fourth consecutive win in this category), FTF News got time with Todd Sloan, Senior Vice President, Business Development and Product Management for Electra. Sloan says that the next release of the vendor’s flagship offering will feature machine learning and a fuzzy matching algorithm.
Bad Recs Can Halt Front Office Growth: Q&A
FTF News by Eugene Grygo
John Landry, CEO of Electra Information Systems, talks to FTF News about industry issues and why the company won the Best Reconciliation Solution award for the third time in a row in 2018.
(Growth can be a double-edged sword for some securities firms as it will bring in new revenues and the potential for more profits. However, incumbent systems and operations will have to be adjusted to meet the new demands of the front office. So says John Landry, CEO of Electra Information Systems, in an interview with FTF News. The need to scale operations to manage the growing demands of portfolio managers and others in the front office has been a big driver for overhauls of reconciliation systems. Landry spoke to us about Electra's selection as Best Reconciliation Solution for three years in a row, and other matters.)
Cardano Implements Intraday Recs via Electra Upgrade
by Eugene Grygo
London-based Cardano Risk Management Ltd., a specialist fiduciary manager, has made the move to intraday reconciliation and reports that it is saving time and money via the more efficient operation. Part of the Cardano Group, the asset manager serves pension funds, insurance companies and other organizations. The London branch has been using a recs offering from Electra Information Systems since November 2016, says Freddy Roddenhof, head of U.K. operations at Cardano, in response to questions from FTF News.
But, about a year later, the firm moved up to the “new Electra intraday reconciliation functionality,” which was implemented in September 2017. Cardano is “the first to implement this functionality,” Roddenhof says. The firm decided to transition to the Electra Reconciliation offering to facilitate intraday reconciliation as a way to combat inefficiency and mitigate the risk that is inherent in waiting a day or so to resolve exceptions. Intraday reconciliation has become more appealing to financial services firms as they increase the frequency of processing reconciliation data and want to move beyond overnight file processing.
Electra Wins "Best Outsourcing Service Provider" in the Waters Rankings Awards 2018
Back to back awards confirm Electra as the industry leader
in providing post-trade outsourced services
New York – July 16, 2018 – Electra Information Systems (Electra), the leading provider of post-trade solutions for the asset management industry, has been awarded Best Outsourcing Service Provider in this year’s Waters Rankings Awards.
Winning for Electra’s suite of services including Electra Data data aggregation and the recently launched Electra Managed Reconciliation Service, Electra was selected by a popular vote of Waters readers and members of the buy-side community. Electra was presented with the award for the second year in a row at a winner’s luncheon at The Players in New York, besting offerings from twenty-eight other vendor nominees in the category.
Electra Wins FTF Award for "Best Reconciliation Solution"
Electra Information Systems'
Third Consecutive Win for “Best Reconciliation Solution”
in the FTF News Technology Innovation Awards 2018
New York – May 22, 2018 – Electra Information Systems (Electra), the most innovative provider of proven post-trade solutions for the asset management industry, has won the 2018 FTF News Technology Innovation award in the category “Best Reconciliation Solution”.
The FTF News Technology Innovation Awards 2018 are presented by Financial Technologies Forum and FTF News. Winners are selected by a popular vote of FTF News readers and industry participants, verified by a panel of judges.
Electra Wins 2017 Waters Rankings Awards
Electra Information Systems, a specialist provider of post-trade solutions for the buy-side, is honored to have been selected in the 2017 Waters Rankings Awards for two awards:
- Best Reconciliation Management Provider - for Electra Reconciliation
- Best Outsourcing Service Provider - for Electra Data
Electra beat a record number of competitors in each category and was selected for the Waters awards by a popular vote of Waters readers and members of the buy-side community. Electra was presented with both awards at a luncheon held July 20th at The Metropolitan Club of New York.
“We want to thank everyone who supported Electra by casting their votes for us,” said John Landry, Electra CEO. “We are honored to have received the Best Reconciliation Management Provider award again in 2017. We built Electra Reconciliation to revolutionize the industry’s approach to reconciliation and broaden its application beyond traditional custodian reconciliation. We are proud of the work we’ve done and this award recognizes how we’ve addressed our clients’ needs for highly sophisticated reconciliation processing.”
This Best Outsourcing Service Provider award recognizes Electra as the industry hub for collecting data from outside parties. Electra’s outsourced data aggregation and transformation service continues to extend its reach with new data sources and new types of data, becoming more and more a one-stop shop for external data for institutional managers, hedge fund and wealth managers. NAV data, portfolio models and compliance data have been added over the past year.
“From our clients’ perspectives, the less time they spend downloading data and cleaning it up to be usable, the more they can spend on higher value activities,” reported John Landry, Electra CEO. “Since the Waters awards are based on client voting, the key to winning is to provide the best overall customer experience. This is especially true in outsourcing where you have to deliver a level of service that improves on the service previously provided in-house. With Electra Data, we are taking on a clearly defined set of functions from our clients, aggregating data from numerous sources, normalizing it for easy digestion and delivering it to the clients’ systems. This is all happening so smoothly that data appears where it’s supposed to be, without the client ever having to worry about it,” added Landry.
Rob Cohen, Tish Wang, AmyClare Gutowsky, Zach Sand and Aaron Robinson accept the 2017 Waters Rankings Awards for Electra.
These awards follow a win earlier in 2017 in the FTF News Technology Innovation awards:
- Best Reconciliation Service Provider - for Electra Reconciliation
Accepting the 2017 FTF News Technology Innovation Award for Electra are:
Rammi Singh, Danielle Quintanilla, Vee Woo, AmyClare Gutowsky, Ian Danic, Tiffany Bula, Denise McCormack, Steve Delgado and Paul Chung, back row. David Albert, Dave Ramirez and Michael Mastropietro, front row.