Proxymity collaborates with FIS to launch new proxy voting service
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Proxymity collaborates with FIS to launch new proxy voting service 01 February 2023US Reporter: Jenna Lomax
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Digital investor communication platform Proxymity has partnered with solutions provider FIS to launch ‘FIS Proxy Voting by Proxymity’.
The new solution has been introduced to help clients fulfil their ESG goals and Shareholder Rights Directive II (SRD II) regulatory requirements.
The digital proxy voting service assists issuers, intermediaries and investors to ensure that investor communications are delivered in real-time.
The service allows FIS clients to benefit from an end-to-end digital connection to improve shareholders’ voting experiences by facilitating instant distribution of meeting announcements.
In addition, the new service will enable FIS clients to establish extended deadlines, while also providing them with a confirmation procedure.
Proxymity’s research has revealed that, upon adoption of its digital proxy voting solution, votes arrive with the issuer more than 48 hours earlier and usually show a deadline improvement of up to six days on average, when compared to traditional paper-based processes.
Rapidly increasing cost pressures amid an unpredictable economic environment necessitates a reliable, intuitive solution to investor demand for increased transparency, Proxymity says.
In this climate, FIS banking and capital markets clients will benefit from investor relations solutions that save time and money, Proxymity adds.
This will be achieved by sending votes in real-time to issuers or their agents and receiving verifiable digital proof that their shareholders’ votes have been cast.
Tony Warren, head of strategy and solutions management for capital markets at FIS, says: ?“Efficient corporate governance is key to our business and that of our clients, and we believe that this new service will strengthen this proposition and could reduce costs for several issuers at this critical time.”
Jonathan Smalley, co-founder and chief operating officer at Proxymity, adds: “The benefits of this collaboration between FIS and Proxymity will be felt keenly among businesses eager to eradicate inefficiencies in their current channels.
“The primary goal must be to ensure investor communications are seamless and swift, which FIS Proxy Voting by Proxymity will guarantee. We look forward to seeing the fruits of this collaboration.”
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