NEW YORK, Jan. 12, 2021 /PRNewswire/ -- Broadridge
Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, has
launched Broadridge Proxy Policies & Insights (PPI) Data,
a first-of-its-kind comprehensive platform providing an open
data-feed of proxy voting data and analytics. This new platform,
which will leverage Machine Learning (ML) services from Amazon Web
Services (AWS), provides broker-dealers, institutional
investors, mutual funds, retail investors, regulators and academics
with access to over 5 million proxy voting data
points, from more than 85,000 meeting agendas and a wide coverage
of regulatory documents.
For broker-dealers, PPI Data provides an opportunity to
differentiate their customers' experience in the broker's app or
website by making it simple and easy for passionate investors to be
aware of, for example, ESG proxy proposals that impact the future
of their investments. Broadridge PPI Data can be used by
broker-dealers to provide content to retail shareholders during the
voter experience, as well as engage investors with insights on
top-of-mind proxy proposals. For institutions, it provides an
independent set of proxy voting data that can inform voting without
providing voting recommendations. For retail investors, it provides
better data to inform them how they can make a difference through
voting their shares.
"Broadridge is providing the industry with better data to
increase and inform proxy voting by leveraging AWS machine learning
solutions," said Martin Koopman,
President, Bank Broker-Dealer Investor Communications Solutions at
Broadridge. "Broadridge PPI Data is a great example of applying
technology to increase voting by retail shareholders, for brokers
to engage with their customers, and for institutional investors to
inform their voting. We see AWS as a preferred cloud provider in
our drive to improve and transform corporate governance by creating
next-gen tools."
Broadridge PPI Data can be used to create push notifications
based on the retail investors' proposal category preference (i.e.,
climate change, board diversity, etc.). The broker-dealer can then
highlight securities with upcoming proxy proposals that match those
preferences. The platform enables broker-dealers to provide retail
investors with a quick and personalized voting experience with a
goal of increasing voter participation. AI/ML capabilities of the
platform allow faster automated information processing so that
shareholders receive more information faster than prior manual
processes. Furthermore, AI/ML allows the platform to predict likely
contentious votes, allowing shareholders to focus on meetings where
their votes may be critical.
Broadridge is rolling out this new platform ahead of the 2021
proxy season, leveraging solutions like Amazon Comprehend, a
natural language processing (NLP) service that uses
machine learning to find insights and relationships in
text. Among other features, the platform automates data
extraction from key SEC regulatory filings, specifically proxy
statements and Form N-PX proxy voting records. Broadridge plans to
include additional regulatory filings on the platform in the
future.
"Broadridge continues to bring solutions to market that
differentiate the investors' experience, and Broadridge PPI Data is
the most recent example of how they're meeting the industry's
evolving needs," said Scott
Mullins, Managing Director, Worldwide Financial
Services Business Development at Amazon Web
Services, Inc. "We are excited to support Broadridge as
they leverage AWS to deliver data to investors faster, who can than
act on critical information. We look forward to our continued
collaboration with Broadridge across their machine learning and
digital innovation initiatives."
Free for Regulators, Academics and Non-Profits
Broadridge PPI Data will be made available to regulators,
educational and qualified non-profit organizations for free. These
regulators, academic and non-profits can leverage the platform to
review historical proxy policy and votes, which may lead to optimal
regulatory policy, a better understanding of how institutions vote,
and more transparency on the outcomes of proxy voting.
PPI is a service Broadridge provides institutional investors
through ProxyEdge. Institutional investors can view critical
information related to shareholder meetings, build customized
data-driven voting guidelines based on their internal proxy
policies, or the historical voting patterns of top-rated ESG funds,
or the Top 50 Institutions based on AUM. Broadridge does
not provide voting recommendations.
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.$10 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.
Investors:
W. Edings Thibault
Investor Relations
+ 1 516-472-5129
Edings.thibault@broadridge.com
Media:
Tatjana
Kulkarni
Broadridge Financial Solutions
+1
203-285-0766
Tatjana.kulkrani@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.