Zenith Bank is utilising Realiti® to comply with the UK PRA

zenith bank planixs realiti
Pete McIntyre, the liquidity expert

Written by Pete McIntyre

August 19, 2015

“The Planixs team not only provided us with an implemented solution but worked through the regulatory challenge with us to ensure we met the business objectives of the project in addition to the technical implementation.”

Planixs implemented Realiti® in Zenith in under two months due to the non-intrusive nature of the solution. This fast-moving implementation ensured a significant ROI for the project.

John Shea, Head of Finance and Operations for Zenith Bank, said “Our business owners of treasury, risk and compliance will be shortly reaping the benefits of the new system in terms of control, cost savings and compliance. We will now be able to provide the BCBS248 reports to the PRA on time and with confidence.”

“We have been very impressed with the ability of Planixs to implement their solution in under two months as promised. The Planixs team not only provided us with an implemented solution but worked through the regulatory challenge with us to ensure we met the business objectives of the project in addition to the technical implementation,”

“We are delighted that Zenith can now benefit from the range of capabilities of the Realiti® solution, including regulatory compliance and real time liquidity control,” said Neville Roberts, CEO of Planixs. Commenting on the implementation Neville said, “Delivering a full live implementation in under two months is testament to both the non‑intrusive nature of our solution and the collaborative approach created with colleagues at Zenith.”

Planixs’ patented Realiti® solution is the only accurate and effective Intraday Liquidity solution live in the industry today. Its uniquely high performing and scalable architecture means that it can be rapidly deployed across any IT infrastructure, reducing complexity and enabling rapid speed to value. It systematically, and without intrusion, reads transactions across a bank’s correspondent and clearing bank networks in real time providing comprehensive coverage of required liquidity functions.

 

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