M1 has selected the FIS proxy voting solution to modernize its governance operations. The FIS proxy voting solution is designed to act as a replacement for the existing legacy system that M1 uses. Moreover, the FIS shareholder voting solution will enable real-time voting by shareholders using their platform.
Additionally, M1 will integrate advanced shareholder voting technology into its existing workflow. This change will facilitate quick decision-making among institutional investors. In addition, it will increase the precision in shareholder voting. This initiative follows the current global tendency towards the digitization of financial services technology. The FIS platform will supply a cloud-based infrastructure for implementing real-time shareholder voting. This innovation is anticipated to increase efficiency in the operation.
Advancing Real-Time Governance and Digital Transformation
In addition, the FIS shareholder voting solution will help M1 strengthen data security and compliance standards. It will also support seamless integration with institutional voting platforms. As such, M1 will achieve greater visibility and control of the shareholder voting process. Moreover, the process will enable the replacement of old legacy systems. This means that M1 will be able to achieve efficient growth. Moreover, the experience of users will improve. Generally, M1 continues to invest in innovative financial services technology. As such, the implementation of FIS shareholder voting software will ensure that M1 becomes operationally efficient.
Matt Stauffer, head of Trading and Asset Services at FIS, said: “Asset servicing is a critical part of the money lifecycle, yet proxy voting has been stuck in the past with legacy processes, so we’re changing that. Investors demand real-time transparency, and issuers need accurate vote counts. Our solution delivers both, which is not only essential for modern and effective corporate governance but also provides customers with a unique choice in a limited market of providers.”
Jake Burger, Principal Finance Officer at M1, said: “We are excited to utilize FIS Proxy Voting by Proximity to unlock increased operational efficiencies in the proxy voting solution. Providing our clients with a modern, user-friendly online voting portal is essential in ensuring their access to perform active corporate governance. This technology streamlines the voting experience our clients expect.”
Jonathan Smalley, COO & Co-Founder at Proxymity, said: “The proxy voting landscape, especially across North America, is evolving at pace, and this partnership puts Proxymity’s real-time digital capabilities at the heart of the FIS Asset Servicing Management Suite, extending our reach to even more clients across the region.”
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News Source: Businesswire.com
