Desiree Sainthrope is a legal expert known for her in-depth knowledge of global compliance and trade agreements. With experience in intellectual property and emerging technologies, she offers a rich perspective on regulatory solutions. Today, Desiree will discuss Proxymity’s innovative Shareholder Disclosure and its impact on the financial industry.
Can you explain what Proxymity’s new Shareholder Disclosure solution is and what it aims to achieve?
Shareholder Disclosure is Proxymity’s latest regulatory solution aimed at simplifying the compliance processes related to shareholder disclosures. It helps intermediaries like custodians, banks, and brokers handle evolving global requirements more efficiently by eliminating manual inefficiencies and reducing risks associated with disclosing sensitive client information.
How does Shareholder Disclosure address the operational burden and risks associated with handling sensitive client information?
The solution standardizes and automates the entire disclosure lifecycle, making it a seamless experience for financial institutions. This automation allows institutions to process data quickly and accurately, minimizing the chances of administrative errors and easing the operational burden significantly.
What specific markets does Shareholder Disclosure now cover beyond Europe?
Shareholder Disclosure has expanded coverage to 14 additional markets, including the United Kingdom, Ireland, South Africa, Hong Kong, Australia, New Zealand, Singapore, Malaysia, among others. These markets were chosen for their significant financial activity and the need to streamline regulatory compliance within these diverse jurisdictions.
Can you describe how Proxymity’s technology enhances the shareholder disclosure process?
Proxymity’s proprietary technology enables real-time digital connectivity, ensuring data is processed and shared securely. The platform’s seamless integration and encrypted communication framework contribute to an efficient and secure disclosure process, improving both speed and accuracy.
What kinds of operational efficiencies are realized by using Shareholder Disclosure?
By automating disclosure requests and responses, institutions can realize considerable cost savings and operational efficiencies. This means fewer administrative errors, quicker processing times, and less manual intervention, which collectively contribute to enhanced performance.
How does the encrypted communication framework ensure data security during the disclosure process?
The encrypted communication framework ensures that data is only shared with authorized parties, protecting sensitive information throughout the entire disclosure process. This level of security is critical for maintaining trust and compliance in the financial industry.
Can you explain how Shareholder Disclosure provides faster and more direct communication with corporate issuers?
The solution supports real-time, direct communication, which reduces delays and errors in shareholder identification. Faster communication means issuers get timely information, improving the overall accuracy and efficiency of shareholder identification.
What kind of visibility does Shareholder Disclosure offer into disclosure requests and compliance reports?
Shareholder Disclosure provides full, real-time visibility into the status of disclosure requests and compliance reports. This transparency benefits intermediaries by allowing them to monitor the progress of each request, ensuring compliance and rapid resolution of any issues.
How is Shareholder Disclosure scalable to accommodate institutions of different sizes?
The solution is designed to handle varying volumes of disclosure requests, making it scalable for both small institutions and large global custodians. Whether dealing with a few disclosures or thousands, the technology adapts to the institution’s needs seamlessly.
How does this new product build on the previous launch of Vote Connect Total in the US?
The success of Vote Connect Total demonstrated the value of efficient and transparent investor communications. Shareholder Disclosure builds on this by expanding the range of regulatory compliance solutions, incorporating lessons learned to offer even greater coverage and technological innovation.
Can you share more about Proxymity’s network of direct issuer connectivity and its significance in the industry?
Proxymity boasts the largest global network of direct issuer connectivity, which is crucial for ensuring real-time data exchange. This network enables unprecedented transparency and efficiency, setting the standard in shareholder disclosure solutions.
What makes Proxymity’s solutions trusted by some of the world’s largest financial institutions?
Proxymity’s solutions are trusted due to their reliability, depth of coverage, and innovative technology. Notable clients, including several of the world’s top ten Global Custodians, reflect the platform’s credibility and effectiveness in managing substantial assets and compliance requirements.
What awards and recognitions has Proxymity recently received, and what do these accolades signify?
Proxymity has been honored with awards like FSTech’s “Most Disruptive Technology in the FinTech Sector” and GC Magazine’s “FinTech of the Year 2024”. These accolades signify the platform’s significant impact and ongoing innovation in the financial technology space.
How does Proxymity plan to continue innovating in the field of investor communications and corporate governance?
Proxymity plans to build on its current offerings by enhancing its technological capabilities even further, aiming to address emerging regulatory demands and improve investor communication processes continually. Future developments will likely include expanding market coverage and introducing new features for greater operational efficiency.
What message would you like to convey to financial institutions considering adopting Shareholder Disclosure?
Consider Shareholder Disclosure for its ability to transform complex compliance processes into a streamlined, automated experience. By adopting this solution, institutions can reduce administrative burden and risk while enhancing accuracy and operational efficiency, crucial for navigating evolving global regulatory landscapes.
