Planixs and Lloyds Banking Group Form a Strategic Partnership to Deliver Real-Time Intraday Cash and Liquidity Management Capabilities, Ensure BCBS248 Regulatory Compliance and to Build Out New Data Science Capabilities
Planixs today announced that it has formed a strategic partnership with Lloyds Banking Group that will improve the Bank’s intraday cash and liquidity management capabilities and ensure its compliance with the Basel committee’s BCBS248 intraday monitoring regime. Additionally, new data science capabilities are being built out to look at a range of high value-add areas such as stress modelling and forecasting
Planixs’ 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. The ability to apply analytical science to this data provides intelligent insight to a bank’s treasury, risk and operations departments.
“We are delighted to have formed this strategic partnership with Lloyds and be selected as their solution provider of choice and look forward to developing our future relationship,” said Neville Roberts, CEO of Planixs. “In selecting Realiti as their solution and in partnering on future build-out of new roadmap capabilities, Lloyds has further reinforced our position in the market as the leading intraday cash and liquidity management provider.”
Planixs Realiti continues to be the only commercially available intraday cash and liquidity management solution with live implementations at global scale in the industry today, providing real-time insight into credit and liquidity usage. Its SaaS or on premise model, and high performance and scalable architecture means that it can be deployed with minimal intrusion to a bank’s infrastructure, rapidly delivering business value.
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Planixs provides cloud-enabled solutions that power any Treasury in any industry to become real-time with rapid analytics, intraday control and agile liquidity. Realiti from Planixs is a complete suite of modules that creates a real-time, liquidity-based view of the organisation and delivers instantaneous insights over vast data volumes with devotees across Funding, Liquidity, Compliance, Risk and beyond. Realiti’s clients are a range of banks of all sizes, including G-SIBs such as Deutsche Bank and Santander and D-SIBs such as Scotiabank, NatWest and Lloyds Banking Group.