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LONDON, BERLIN, NEW YORK, SINGAPORE: 29th March 2021
Planixs, the leading provider of real-time cash, collateral and liquidity management solutions to banking firms, has announced today it is further strengthening its presence in Europe with a new office in Frankfurt, Germany - allowing the firm to better serve its existing European customers and develop new opportunities in the region.
Based in the heart of Frankfurt’s Financial District, the new premises will provide Planixs will a permanent base in Europe, with the facilities to hold meetings and workshops and host customer networking events.
The new office follows the appointment of Michael Gouverneur as Regional Sales Manager for DACH region and Continental Europe. Michael joined the team in February in a response Planixs’ rapid growth across Europe and the demand for the company’s real-time treasury software solutions.
Planixs’ Realiti® software provides financial services organisations with real-time insight over cash, collateral and liquidity, allowing them to use this insight to improve treasury operations, better manage liquidity risk, ensure regulatory compliance and reduce overdraft and liquidity buffer costs.
The company has experienced significant growth over the last 18-months, especially in European markets, with new customer wins including Santander, Landesbank Baden-Württemberg (LBBW), SIX, Banque Internationale à Luxembourg (BIL), along with Ireland’s Allied Irish Bank (AIB).
Neville Roberts, Planixs’ CEO comments, “Establishing a European base for our operations aligns perfectly with our growth strategy, and as one of the largest Financial Districts in Europe, Frankfurt seemed like the perfect place to do this, especially with the recent appointment of Michael who is based in Germany. Demand is growing for our real-time software at a phenomenal rate and in order to support this growth and provide the best service we can to our customers and prospects we needed to expand our operations and strengthen our European presence.”
Planixs provides 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. Realiti Essentials provide smaller banking firms with out-of-the-box treasury software to control intraday liquidity risk and deliver regulatory compliance, without needing to invest in an enterprise liquidity solution.
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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.