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March 30, 2015 09:30 BST
Zenith Bank (UK) Ltd has selected Planixs Realiti® software for its next generation intraday liquidity platform. The bank will use Realiti® across its operations to improve intraday liquidity management capabilities and to deliver regulatory compliance in line with the Basel committee’s BCBS248 intraday monitoring regime.
Realiti® consolidates millions of cashflows per hour, in real time to ensure a bank has an accurate up-to-date picture of cash balances across its range of settlement accounts, comparing projections to actual external balances and is able to control liquidity usage every minute of every day.
“Zenith conducted a rigorous evaluation and we are delighted to be selected as their solution provider of choice and look forward to our future relationship”
“We were looking for a solution that demonstrated our commitment to world class intraday liquidity management at all levels by implementing what Zenith Bank (UK) Ltd considers is the most cost effective and practical solution we have encountered.” said John Shea, Head of Operations and Finance. “We were impressed by Planixs capability in our evaluation as well as the industry knowledge presented by their team. Zenith can now gain a holistic view of our intraday activities across many currencies and legal entities with the ability to measure, project and control the full spectrum of intraday liquidity risk.”
“Zenith conducted a rigorous evaluation and we are delighted to be selected as their solution provider of choice and look forward to our future relationship,” said Neville Roberts, CEO of Planixs. “Zenith comes fast on the back of a major global top 10 bank win and demonstrates we can work across the spectrum of banks globally”.
Planixs patented Realiti® solution is the most accurate and effective Intraday Liquidity solution 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 correspondents and clearing bank networks in real time providing comprehensive coverage of required liquidity functions.
About Planixs : Planixs is a leading provider of Big Data analytical software solutions and has developed products in a number of domains including Financial Services, Workforce Planning & Optimisation and Retail. Planixs develops analytics solutions based on data science to deliver high value business solution to companies through non-invasive technology approaches.
Planixs GRP Limited
Group Sales and Marketing Director
Tel: +44 (0) 20 3290 3160 Mob: +44 (0) 7473 672772
Zenith Bank (UK) Limited (ZBUK) is the UK subsidiary of Zenith Bank Plc, the leading bank in Nigeria. ZBUK was licensed on 30th March 2007, the first new Nigerian bank to be approved by the Financial Services Authority (FSA) in the United Kingdom (UK) in 25 years. ZBUK is currently authorised and regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) in the UK.
Zenith UK offers an extensive range of Trade Finance, Lending, Wealth Management, Treasury products and services to Nigerian and West African Corporations and Banks, and to UK and European corporations trading with and investing in Nigeria and other West African countries.
Zenith Bank (UK) Limited
Head of Finance and Operations
Tel: +44 (0) 20 7105 3966