Research shows majority of participants are still relying on manual corporate actions processes, with a pressing industry need for automation and quality corporate actions data.
Tag: corporate actions
Deutsche Bank becomes the second major custodian to go live on the platform, after Citi announced in April that it would connect to Proxymity for 10 markets.
SGSS will use the TCS BaNCS as its next-generation, multi-entity asset servicing platform in France, Germany, Ireland, Luxembourg and the UK.
Custodians adopt Proxymity’s real-time proxy voting following post-Brexit shift for Irish securities
The FinTech firm stated many of the major registrars and custodians have adopted the Proxymity platform, representing 96% of Irish equity issuers.
The new ‘Investor Stewardship Service’ will allow companies from across the world to receive proxy votes from the AMX DWS pooled funds.
Asset managers, custodians and other industry participants cited legacy tech and data quality as the biggest challenge to achieving full corporate actions automation.
Proxymity is bringing to market a new digital shareholder disclosure solution ahead of Europe's incoming SRD II regulation.
The decision from the European Commission means the rules will come into force from 3 September 2020.
Proxymity is now backed by a consortium of global custodians, custody banks and issuer agents including BNY Mellon, Clearstream, Deutsche Bank, HSBC, JP Morgan, and State Street.