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A Leading Global Bank is a full service bank with activities in markets globally and significant operations in the UK. In 2018, Leading Global Bank reorganised its Cash, Collateral and Liquidity (CCL) Operations in recognition that the resources and business process for supporting funding and liquidity management was fragmented, inefficient, and under-invested in technology. Key objectives included being able to:
- Own operational management of sources and uses of cash, collateral, and intraday liquidity
- Manage efficient, cost effective, and controlled funding and liquidity processes
- Provide value add forecasting, optimization, and reporting and analytics capabilities
- Develop strategic technology solutions to increase transparency, efficiency, and scalability
To deliver a performant CCL function and support re-engineering of the current processes, Leading Global Bank recognised it needed to revolutionise its technology platforms. The CCL programme was initiated to design, develop, and implement a strategic technical platform. The objective was to provide effective, cost efficient and controlled funding and intraday liquidity management capabilities.
Realiti was selected following a competitive process. Fundamental to that decision was Realiti’s ability to deliver a global solution, capable of consuming in real-time millions of cashflows per day, with end-users simultaneously utilising the system to carry out cash, funding and liquidity management activities.
The CCL programme had a wide range of requirements and the Realiti suite covered the initial high priority items (in particular around regulatory compliance). A staged rollout plan was agreed, with the existing Realiti modules implemented first (in 2018) and subsequent stages seeing more data and/or functional modules released into production. This rollout is almost completed and the Realiti suite delivers all of Leading Global Banks’s requirements.
Legacy processes in Leading Global Bank were overly manual and varied across the global business. There was extensive use of portals and spreadsheets, with manual data sharing of outputs leading to control risks that needed eliminating. Now Leading Global Bank has centralised, standardised processes enabled by Realiti, covering a range of activities across: IDL monitoring; funding and cash management; liquidity risk; regulatory reporting. Use of spreadsheets and end-user computing has been reduced substantially. Resources have been moved from transactional data entry and manipulation into value-added analysis activities.
Financial benefits are continually accruing due to more optimised buffers, more efficient use of funding, reducing interest charges and increased insight across a wide range of business processes.