SIX SIS, the Central Securities Depository (CSD) of Switzerland, and an International Central Securities Depository (ICSD) has gone live with the Planixs Realiti suite as its strategic real-time treasury solution.
SIX uses Realiti’s real-time liquidity management capabilities to improve cash and liquidity management, automate business processes and enhance liquidity optimisation. Realiti provides the CSD with accurate, real-time insight across accounts and transactions.
SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries.
Christoffer Borg, Head of Cash Management at SIX, says:
“We are delighted to have gone live with Realiti at SIX. After a rigorous selection process followed by implementation, we are now reaping the benefits of a real-time treasury solution. SIX operates at significant scale and we now have the capabilities in place to further support our regulatory compliance, operational risk processes and customer needs through robust, automated intraday monitoring, management and funding processes.”
Neville Roberts, CEO of Planixs, commented:
“SIX is a giant in the financial services industry in Europe and we are thrilled to have gone live with SIX helping to deliver their business case. Our Realiti suite will support SIX across its treasury management processes, providing a platform that offers best practice in intraday cash and liquidity management. We look forward to a long working relationship with SIX.”
Realiti by Planixs is the world’s only true real-time cash, collateral, and liquidity management solution with customers including Lloyds Banking Group, Natwest, Santander, Landesbank Baden-Württemberg (LBBW), Scotiabank, and National Bank Canada.
Using Realiti capabilities, firms can significantly improve treasury operations, better manage liquidity risk, ensure regulatory compliance, and reduce overdraft and liquidity buffer costs. Its SaaS or on-premise delivery models and high performance and scalable architecture mean that Realiti can be deployed with minimal intrusion to a firm’s infrastructure, rapidly delivering business value.