Realiti® chosen by FBN Bank (UK)

first national bank goes live with realiti
Pete McIntyre, the liquidity expert

Written by Pete McIntyre

April 12, 2016

Realiti® enables financial organisations for the first time to have accurate, real-time visibility of cash balances across their settlement accounts, comparing projections to actual external balances, and to control liquidity requirements and usage every minute of every day.

“FBN rapidly concluded that Realiti® could provide them with considerable improvement in governance and control of their intraday liquidity position. “We identified that Realiti® was the best solution in the market to address intraday liquidity challenges.”We are delighted to welcome them as a Planixs customer and look forward to a long and mutually beneficial relationship.” said Neville Roberts, CEO of Planixs. “They join a growing group of financial organisations who have recognised that Realiti® can help minimise risk and costs associated with liquidity buffers, as well as enabling regulatory compliance”.

“We identified that Realiti® was the best solution in the market to address intraday liquidity challenges.” said Paul Gospage, Chief Operations Officer. “Its functionality enables us to manage intraday liquidity positions effectively and address compliance with BCBS248. The hosted SaaS model offered by Planixs was implemented with minimal impact on FBN’s IT infrastructure.”

Planixs’ patented Realiti® is the only commercially available Intraday Liquidity solution with live implementations in the industry today, providing real time insight into credit and liquidity usage. Its SaaS model, and high performance and scalable architecture means that it can be deployed with minimal intrusion to a bank’s existing infrastructure, rapidly delivering business value.

About FBN Bank (UK) Limited

FBN Bank (UK) Limited is a wholly owned subsidiary of First Bank of Nigeria Limited, with offices in the heart of the City of London, Paris and the United Arab Emirates. The London bank for Nigerians, either resident in the UK or simply visiting, we also offer our expertise in all West African countries. FBN Bank (UK) Limited is authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

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