Bucharest Stock Exchange (BVB) and Depozitarul Central announced on Monday that they have launched an Investors Enrollment platform with the help of Aurachain and eVOTE.
Through this platform, following an identification procedure for individuals, user accounts are created to help investors participate online and vote electronically at the General Shareholders Meetings organised by companies listed on BVB. This digital solution was created by Aurachain, a low-code development platform.
As part of the project, eVOTE provides the first online and physical participation solution for General Shareholders Meetings, introduced in Romania more than two years ago and currently used by over 20 companies listed on BVB.
What does the platform offer?
The user account is generated using facial recognition software or, in the case of qualified digital certificate holders, by digital signature. Using a user account and a single point of contact, the solution will make it simpler for shareholders of listed companies to make use of capital market institutions’ services.
Investors who own shares in businesses listed on the Bucharest Stock Exchange and use the eVOTE platform can now participate online and cast their votes electronically at General Shareholders meetings by using their login credentials.
The Investors Enrollment online platform is available here. It can also be accessed directly from Depozitarul Central’s homepage.
How is the Investors Enrollment platform helpful?
The collaboration between BVB, Depozitarul Central, and eVOTE would increase the operational effectiveness of publicly traded firms by reducing the administrative burden and expenses related to holding the General Shareholders Meetings.
Shareholders of companies using the eVOTE Platform will be able to participate in such meetings from anywhere as long as they have internet access, and vote considerably more quickly, with a single click.
Besides, the platform can also be used for various purposes in the future, such as facilitating some services for investors, including online access to additional services offered by Depozitarul Central – for example, obtaining account statements.
CEO of Bucharest Stock Exchange, Adrian Tanase, says, “As the first step, the platform will digitise the process of investor participation in the General Shareholders Meetings of companies listed at the stock exchange and the voting process, carried out through eVOTE – the online system for participating in the General Shareholders Meetings. Subsequently, the benefits of the platform will be extended to the development of other digital services for investors.”
About Bucharest Stock Exchange
The Bucharest Stock Exchange (BVB) is building competitive capital markets in Central-Eastern Europe. BVB’s mission is to transform the capital market into an active financing tool for the Romanian economy.
Through regulated platforms and alternative methods, BVB operates markets for shares, bonds, and other securities, and offers a wide range of services to participants in the financial markets. Since 2010, it has been a publicly traded business on its own market.
The total market value of all local and foreign firms registered on the Bucharest Stock Exchange exceeds €42.2B, while the total value of bond offerings listed on the BVB is €17.2B.
Depozitarul Central – Romanian Central Securities Depository
Depozitarul Central provides settlement operations for financial transactions and transfers of financial instruments like stocks and bonds. It offers services for the central maintenance of securities accounts, clearing settlements for financial instruments traded on various trading platforms, cross-border settlement through connections made with other CSDs, and borrowing and lending of securities.
Additionally, Depozitarul Central also offers issuers and holders of financial instruments notary services (the initial registration of securities in a book-entry system), standardised corporate event processing, and other services.
Brief about Aurachain and eVOTE
Aurachain provides businesses with a low-code platform that enables them to develop digital process solutions. The experience of subject matter experts, business analysts, and professional developers is directly captured via streamlined workflows and interfaces to immediately provide actual business value. Aurachain is used by both large corporations and governments to shorten development cycles, improve business processes, and boost creativity.
The Aurachain platform is owned by Aurachain AG, a Swiss company with local offices in Europe (Switzerland, UK, Romania), the Middle East (Dubai) and the US (California).
eVOTE helps conduct General Shareholders Meetings. It combines all voting choices into a single platform that is simple for shareholders and businesses to use, is safe in terms of data protection, and contains alternatives for participating in the meeting via mail, online, or in person.
The company claims to be the first application that aims to modernise through technology the way investors interact with the major institutions of the capital market for simpler and effective coordination. eVOTE was created by Governance Partners, a company founded in 2018 by the union of capital markets and IT specialists.
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