Email us ⏤ email@example.com
LONDON, NEW YORK, SINGAPORE 15th January 2020.
Planixs, the leading provider of real-time, intraday cash, collateral and liquidity management solutions, today announced that Landesbank Baden-Württemberg (LBBW), Germany’s largest Landesbank, has selected the Realiti Suite to ensure BCBS 248 compliance and deliver real-time cash and intraday liquidity management.
The Realiti solution allows financial organisations to consolidate millions of cash flows per hour, in real-time, to ensure they have an accurate, up-to-date picture of cash balances across their settlement accounts, comparing projections to actual external balances, and are able to control liquidity requirements and usage in real-time. Real-time reconciliation of actual and expected cashflows, at very high volumes, will provide LBBW with intraday insight and real-time forecasts for rest of day processing. Combined with stress modelling capabilities, auto sweeping, throttling and real-time predictive balance forecasting the Realiti Suite will provide LBBW with the most advanced real-time treasury management solution in the market.
“We are delighted to have selected Planixs’ Realiti Suite as our future solution for BCBS 248 regulatory reporting and to manage our cash and liquidity in real-time”, said Thierry Nardon, LBBW Head of Treasury. “We assessed the full solution market and selected Realiti as it is the best solution to meet our functional and performance needs and we look forward to a rapid implementation based on their latest product offerings”.
Neville Roberts, Planixs CEO said, “LBBW is the largest Landesbank and our first German client. Realiti is the perfect choice for the bank and we are thrilled that LBBW chose Realiti to address its needs across BCBS 248 regulatory compliance and real-time intraday cash and liquidity management. Planixs’ Realiti has become the preferred solution for financial institutions, as we replicate success across Europe and the rest of the world”.
Realiti continues to be the pioneering intraday cash, collateral and liquidity management solution with live implementations at global scale. Its SaaS or on premise delivery models and high performance and scalable architecture mean that Realiti can be deployed with minimal intrusion to a bank’s infrastructure, rapidly delivering business value.
Planixs provide cloud-enabled solutions that power any Treasury in any industry to become real-time with instant insight, rapid analytics, intraday control and agile liquidity. Realiti from Planixs is a complete suite of modules built to deliver instantaneous insight over vast data volumes with devotees across Funding, Liquidity, Compliance, Risk and beyond.
Tim Page Global Head of Sales
Tel: +44 (0) 161 298 8822
Mob: +44 (0) 7947 229 229
Tel: +44 (0) 161 298 8822
Mob: +44 (0) 7472 838456