Planixs Wins RegTech of Year in US FinTech Awards 2021
Planixs, the leading provider of real-time cash, collateral and liquidity management solutions to global financial services firms, is delighted to announce that it has won the RegTech of the Year award in the US FinTech Awards 2021.
The award recognises Planixs as a leader in the US RegTech space and its real-time treasury software, Realiti®, as the most innovative regulatory solution in the US market.
Founded in 2011, Planixs works with some of the world’s most prestigious global financial institutions such as Santander, Allied Irish Bank, Scotiabank, SIX Group, Banque Internationale à Luxembourg (BIL), Landesbank Baden-Württemberg (LBBW), Lloyds Banking Group and Zenith Bank, in helping them manage their cash and liquidity and address regulatory challenges.
Realiti provides firms with instant, real-time visibility and insight, allowing them to optimise their cash and liquidity and comply with regulatory requirements. With Realiti, organisations can ensure they meet global regulations including the FED, European Banking Authority and UK PRA regulations. The solution also incorporates stress testing capabilities, allowing banking firms to apply a range of stress scenarios in order to understand, monitor and prepare to mitigate any intraday liquidity stresses and to help size liquidity buffers.
Realiti is pivotal in driving operational savings and improving risk management for banks and financial institutions by ensuring they gain real-time liquidity control and ensure regulatory compliance.
The US FinTech Awards, organised by FinTech Intel to celebrate the achievements of the US’s best and brightest FinTech firms, were held virtually on 27th April, with Planixs selected as the winner by an independent panel of judges and announced via video during the ceremony. In announcing the award, the judges commented that, “Planixs is solving a really difficult issue tracking liquidity in real time and has demonstrated the quality and effectiveness of its solution by securing many large institutional banks as clients.”
Neville Roberts, Planixs’ CEO commented, “It’s an honour to win the US RegTech of the Year and to be recognised for our innovative real-time treasury software. The US is a key market for us and we are working with many US-based banking firms and financial institutions to help them gain real-time insight into their data and improve regulatory compliance over their cash, collateral and liquidity operations – and we look forward to working with many more in the future.”
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.