Nordnet AB Selects Shareholder Disclosure Solution from Broadridge

Rhea-AI Summary

Nordnet Bank AB, a leading pan-Nordic digital platform for savings and investments, has implemented Broadridge Financial Solutions' (NYSE:BR) international shareholder disclosure solution to comply with the updated Shareholder Rights Directive (SRDII). The implementation involves Broadridge's end-to-end Shareholder Disclosure Hub, an API-based digital solution that has been operational since September 2024.

The solution enables Nordnet to accurately and securely respond to shareholder identification requests and forward them to other parties within required deadlines. This implementation supports Nordnet's operations in Sweden and other European markets, ensuring compliance with SRDII requirements while maintaining high data security standards.

Positive

• Secured new client (Nordnet Bank) for Shareholder Disclosure Hub solution
• Successfully implemented and operational since September 2024
• Expands Broadridge's presence in Nordic markets

Negative

• None.

NEW YORK and LONDON and COPENHAGEN, Denmark, Feb. 24, 2025 /PRNewswire/ -- In line with its obligations under the updated Shareholder Rights Directive (SRDII), Nordnet Bank AB, a leading pan-Nordic digital platform for savings and investments, has commenced live operations with an international shareholder disclosure solution from global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR).

"We are firmly committed to the advancement of shareholder democracy throughout the financial services industry," said Quincy Curry, Director of Securities Brokerage at Nordnet. "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 innovative, end-to-end Shareholder Disclosure Hub, a comprehensive digital solution that uses the latest API-based technologies, and live processing has been underway since September 2024. This move will 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.

"We are thrilled to support Nordnet, helping them to streamline and enhance transparency while achieving their SRDII compliance obligations," said Demi Derem, SVP International Investor Communication Solutions, Broadridge. "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."

About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. 

Our 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. A certified Great Place to Work^®, Broadridge is part of the S&P 500^® Index, employing over 14,000 associates in 21 countries. For more information, please visit www.broadridge.com. 

Broadridge Contacts:

Investors: 
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com

Media:
Gregg Rosenberg
Corporate Communications
Gregg.rosenberg@broadridge.com

 

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SOURCE Broadridge Financial Solutions, Inc.

FAQ

What is Broadridge's new contract with Nordnet Bank AB for?

Broadridge (BR) has contracted with Nordnet Bank AB to provide its Shareholder Disclosure Hub solution, helping the Nordic bank comply with SRDII requirements and manage shareholder identification requests.

When did Nordnet start using Broadridge's Shareholder Disclosure Hub?

Nordnet began live operations with Broadridge's Shareholder Disclosure Hub in September 2024.

What markets does the Broadridge-Nordnet partnership cover?

The partnership covers Nordnet's operations in Sweden and other European markets.

How does Broadridge's Shareholder Disclosure Hub technology work?

The Shareholder Disclosure Hub is an end-to-end digital solution that uses API-based technologies to process shareholder identification requests securely and accurately within required deadlines.