In line with its obligations under the updated Shareholder Rights Directive (SRDII), Nordnet Bank AB, a pan-Nordic digital platform for savings and investments, has commenced live operations with an international shareholder disclosure solution from global Fintech Broadridge Financial Solutions, Inc. (NYSE:BR).
Quincy Curry, Director of Securities Brokerage at Nordnet said:
“We are firmly committed to the advancement of shareholder democracy throughout the financial services industry. Through Broadridge’s technically advanced solution and the backing of its deeply knowledgeable market experts, we are confidently able to respond to shareholder identification requests accurately and securely. We can also forward to other parties in the chain, well within the required deadlines.”
Nordnet has implemented Broadridge’s Shareholder Disclosure Hub, a digital solution that “uses the API-based technologies, and live processing has been underway since September 2024.”
This move will reportedly enable Nordnet to fulfill its shareholder disclosure requirements in “accordance with SRDII, while ensuring top-tier data security for its operations in Sweden and other European markets.”
Demi Derem, SVP International Investor Communication Solutions, Broadridge said:
“We are thrilled to support Nordnet, helping them to streamline and enhance transparency while achieving their SRDII compliance obligations. Nordnet’s deployment of the Shareholder Disclosure Hub exemplifies its leadership in driving higher governance standards to the benefit of its clients and the wider industry, and further advances its strategic mission to democratize savings and investments.”
As noted in the update, Broadridge Financial Solutions is a global technology firm with the expertise and transformative technology “to help clients and the financial services industry operate, innovate, and grow.”
They enable investing, governance, and communications for clients – driving operational resiliency, “elevating business performance, and transforming investor experiences.”
Their technology and operations platforms process and “generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally.”
Broadridge is part of the S&P 500 Index, “employing over 14,000 associates in 21 countries.”