DNB, Norway’s leading financial services group, and Proxymity, a top-tier digital investor communications platform, have announced a strategic partnership.
This collaboration aims to bring Proxymity’s transformative Shareholder Insights service to the Norwegian market, notably on the day that the Shareholder Rights Directive II (SRD II) is enacted.
The reason for this partnership lies in the powerful Shareholder Insights service offered by Proxymity. It provides an innovative approach to compliant shareholder identification, effectively eliminating the operational and technological complications typically associated with such processes.
Furthermore, the service fosters unparalleled connectivity between Central Securities Depositories (CSDs), issuers, intermediaries, and account operators, hence enhancing communication and promoting transparency in the process.
Proxymity is a digital investor communications platform, recognised for connecting the world’s ecosystem of issuers, intermediaries, and investors digitally in real time. This results in unprecedented transparency, efficiency, and accuracy.
Proxymity’s solutions ensure that public companies’ AGM/EGM agendas are transmitted accurately and provide institutional investors with time to research and vote on corporate decisions. Meanwhile, DNB is Norway’s top financial services group, focused on providing its clients with innovative, client-centric solutions.
The partnership comes as part of DNB’s dedication to leveraging advanced technologies to meet the evolving regulatory requirements and provide efficient, innovative services to its clients. By collaborating with Proxymity, DNB is now capable of offering Proxymity’s Shareholder Insights service to its issuer clients, acting as an Account Operator, and assuring compliance with the new EU regulations.
Proxymity’s service has undergone thorough testing and evaluation over the past few months and has now gone live, coinciding with the implementation of the SRD II law in Norway. This partnership marks a significant progression in investor communication and regulatory compliance in the fast-evolving financial services industry.
Dean Little, CEO of Proxymity, reflected on the strategic alliance, “Our collaboration with DNB represents a significant milestone for Proxymity. Together, we are not only enhancing transparency in shareholder communications, but also promoting technological innovation that aligns with emerging regulatory demands. As SRD II takes effect in Norway, our shared vision for efficient and compliant shareholder disclosures is now a reality.”
Nicolai Christensen, Senior Vice President, DNB Markets Securities Services, echoed the sentiment, “At DNB, we are relentlessly focused on providing our clients with innovative, client-centric solutions. The introduction of Proxymity’s Shareholder Disclosure service underpins our commitment to digital innovation and regulatory compliance. This robust solution will fundamentally transform our clients’ interactions with shareholders.”
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