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LONDON, NEW YORK, BERLIN, SINGAPORE: 7th July 2021
Planixs, the leading provider of real-time, intraday cash, collateral and liquidity management solutions, today launched a Safe Passage Programme that enables financial institutions to migrate from their aging treasury and liquidity management applications to the very latest technology offerings from Planixs.
The Realiti solution allows firms to consolidate millions of cashflows 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, provides financial institutions 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 customers with the most advanced real-time treasury management solution in the market.
The Safe Passage Programme from Planixs enables existing firms to migrate successfully to the Realiti solution suite for a similar total cost of ownership as they do with their current treasury technology vendors. This will enable customers to experience the very latest in real‑time, cloud enabled technology from Planixs for no incremental cost. Firms need to react quickly to manage changes such as new/updated regulations and market changes (e.g. migration of SWIFT messaging to ISO20022) and often the barrier to this is upgrading old platforms at high cost and little additional business value.
Neville Roberts, Planixs CEO said, “We have listened to the most important people in the market, the customer. Many customers both large and small are stuck on aging, slow and expensive technology with either no upgrade path or requiring an expensive reinstall of a newer version from their incumbent provider. By removing the overall cost barrier to migrate to the Planixs Realiti Suite we believe customers will take the step to our future-proofed technology and experience the significant benefits available.”
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 was recently awarded the RegTech of the Year accolade in the US FinTech Awards 2021, which recognises the company as a leader in the US RegTech space and Realiti as the most innovative regulatory solution in the US market.
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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