NEW YORK, LONDON and COPENHAGEN, Denmark, Dec. 8, 2020 /PRNewswire/ -- Broadridge Financial
Solutions, Inc. (NYSE:BR), a global Fintech leader, has announced
that it has been selected by BEC, a Danish full-service technology
firm that develops and operates IT systems for financial
institutions, to provide its comprehensive solution for the updated
Shareholder Rights Directive (SRD II).
BEC is now live with Broadridge's end-to-end solution suite for
SRD II covering global proxy management for retail shareholders,
and also shareholder disclosure. The firm is using the solution to
support the regulatory needs across its network of 26 banks in
Denmark.
"After assessing viable solutions in the market, we determined
that the Broadridge SRD II suite of solutions would best support
our customers," said Kim Bastholm,
development director at BEC. "As a full-service financial services
technology provider, we recognized Broadridge's deep subject matter
expertise in the Shareholder Rights Directive and its proactive
role in helping the market respond to regulatory compliance
challenges and regional complexities."
The retail-focused solution provided by Broadridge has helped
BEC to roll out SRD II compliance services across its network of
banks, streamlining client communication and disclosure
requests.
"We are excited to further deepen our relationship with BEC,
another leading financial services technology company," said Demi
Derem, general manager of Broadridge's International Investor
Communication Solutions. "BEC has an impressive network of
underlying clients with a proven track record around innovation.
Working together, we have enabled its network of clients to be
ready quickly and efficiently for this mandatory change."
SRD II significantly impacts shareholder communications for all
intermediaries holding or servicing European equities all around
the world. The regulation aims to increase the accuracy and
transparency of communications between EU issuers and investors –
facilitating more active shareholder engagement.
About BEC
BEC is a full-service fintech company
covering all aspects of banking technology in Denmark. The company has more than 50 years of
experience in IT development and operations for financial
institutions in the highly digitalized Danish financial sector. BEC
is owned by its customers and services 20-30% of the Danish bank
market. Visit https://www.bec.dk/ for more information.
About Broadridge
Broadridge Financial Solutions, Inc.
(NYSE: BR), a $4.5 billion global Fintech leader, is a
leading provider of investor communications and technology-driven
solutions to banks, broker-dealers, asset and wealth managers and
corporate issuers. Broadridge's infrastructure underpins proxy
voting services for over 50 percent of public companies and mutual
funds globally, and processes on average more than U.S.
$8 trillion in fixed income and
equity securities trades per day. Broadridge is part of the S&P
500® Index and employs over 12,000 associates in 17 countries. For
more information about Broadridge, please visit
www.broadridge.com.
Contacts:
Investors:
W. Edings Thibault
Head of Investor Relations
Broadridge Financial Solutions, Inc.
+1 516-472-5129
Edings.Thibault@Broadridge.com
Media:
North America:
Matthew Luongo
Prosek Partners
+1 646-396-0966
mluongo@prosek.com
Europe:
Charlie Morrow
Cognito
+44 (0) 20 7426 9400
charlie.morrow@cognitomedia.com
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SOURCE Broadridge Financial Solutions, Inc.