Wealthseed, a digital application for investing and personal finance in Poland launched by Fair Place Finance, has announced it will utilise Broadridge’s blockchain-based disclosure solution.
The firm will use Broadridge’s Shareholder Disclosure Hub, a digital solution that uses API and blockchain-based technologies, to address Shareholder Rights Directive (SRD) II shareholder disclosure requirements.
Michal Antoniak, chief legal and compliance officer of WealthSeed and Fair Place Finance, comments: “SRD II has pushed forward corporate governance standards across Europe, while transforming market transparency through a secure and efficient disclosure process.
“With Broadridge, we have been able to get ahead of the SRD II regulation’s mandatory disclosure requirements, safe in the knowledge that we are in line with Europe’s data protection legislation.”
Demi Derem, general manager of international investor communication solutions at Broadridge, adds: “We are enabling Wealthseed to simplify and reduce the cost of compliance for their SRD II shareholder disclosure requirements and mitigate the risk of compliance breaches associated with a failure to forward or respond to a request. By taking advantage of our platform, the firm will be able to handle complex disclosure requests quickly and efficiently.”
