Pan-Nordic digital bank Nordnet has gone live with Shareholder Disclosure Hub, an end-to-end international shareholder disclosure solution from fintech firm Broadridge. The move is to ensure that the bank aligns with the requirements under the updated Shareholder Rights Directive (SRDII).
Broadridge reveals in a press release that live processing with the Shareholder Disclosure Hub has actually been underway at Nordnet since September 2024. The solution uses technologies based on application programming interface (API). Beyond helping Nordnet fulfil its shareholder disclosure requirements, the solution also ensures data security for the bank’s operations in Sweden and other European markets.
Quincy Curry, director of securities brokerage at Nordnet, says that the bank is now “able to respond to shareholder identification requests accurately and securely” and “can also forward to other parties in the chain, well within the required deadlines”.
