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This Bank is the UK legal entity of a global bank with a business model increasingly requiring a much more sophisticated intraday capability than before. It sought insight into its use of intraday liquidity across a range of major currency accounts provided by a variety of agent banks. This insight had traditionally proved elusive to the bank, as it would have required IT capability inaccessible to an organisation of their size.
This bank chose to implement the Realiti Intraday Liquidity Management (ILM) module across all of its accounts as a single release, and went live five weeks after contract signature. Now the ILM module is embedded, the bank is considering expanding into additional Realiti modules and extending the use of Realiti across the wider group, including its’ head office in Africa.
When considering its intraday options the bank faced two issues:
- Available solutions – The bank reviewed the marketplace and was attracted to the capabilities offered by Realiti. None of the other options available could provide real-time intraday insight, at best they only offered the ability to create after-the-event backward looking views. The Realiti product that was ready for Barclays gave it all the capability it required.
- Limited resource - As a relatively small organisation in the UK, this bank lacked capacity and knowledge of best practice in how to implement a solution and deliver the required outcomes. Planixs was able to support it throughout the process and tailored its normal approach to provide extensive support in banking operations best practice.
This bank is now able to track its intraday usage in real-time and make business decisions based on that insight. This has proved particularly useful in understanding how to manage its activities in the absence of easily-available credit lines. The bank can carefully tailor the pre-funding needed to ensure its payment activity progresses smoothly throughout the day, and is alerted to any risks that arise.
Funding is used more efficiently than before and a range of control risks have been eliminated, leading to improved performance in the area of audit/regulations.
The bank is now well positioned for business expansion, its infrastructure can support increased and more volatile treasury activity.