Planixs Selected as a Finalist in the UK FinTech Awards
- 20.02.2020 11:09 am
Planixs, the leading provider of real-time, intraday cash, collateral and liquidity management solutions is thrilled to announce that the company has been shortlisted as a finalist in the UK FinTech Awards 2020.
With over 300 nominations in its category, Planixs has been shortlisted for the RegTech Initiative Award which recognises the most innovative regulatory technology in the market and the world’s most pioneering solution providers that address the challenges and opportunities of dealing with regulatory issues within financial services.
The UK FinTech Awards are produced by Barker Brooks Communications, the events and media company behind the well-known Yorkshire Financial Awards. They have said they developed the awards to “celebrate this incredible industry, and the achievements and successes of the country’s best and brightest.” The award ceremony will take place on 2nd April 2020 and will be held at London’s Leonardo Royal Hotel St Paul’s.
Founded in 2011, Manchester-based Planixs works with some of the world’s most prestigious global financial institutions such as Lloyds Banking Group, Landesbank Baden-Württemberg (LBBW), Scotiabank and Zenith Bank amongst many, in providing its market-leading product suite Realiti® - a cloud-based and on premise technology solution suite that delivers real-time intraday cash, collateral and liquidity management capabilities to the financial services industry.
Realiti helps firms to comply with global BCBS 248 regulatory requirements, ensuring that they meet global regulations including the UK PRA, FED and European Banking Authority 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, financial institutions and large corporates by ensuring they gain real-time liquidity control and ensure regulatory compliance.
Last year, recognising that smaller banks have same regulatory needs as larger banks, but their budgetary constraints prevent the investment in an enterprise liquidity solution, Planixs launched Realiti® Essentials - an ‘out-of-the-box’, all-inclusive software solution that will enable any bank or financial institution of even the smallest size to become regulatory compliant and manage their liquidity using the lowest cost solution in the marketplace.
Neville Roberts, Planixs’ CEO commented, “We are very proud and honoured to be nominated for the UK Fintech Awards in the RegTech category. Our purpose here at Planixs is to help make the banking industry safer and to ensure financial institutions have full control and regulatory compliance over their cash, collateral and liquidity operations. We are thrilled that we have been recognised as a leader in the UK FinTech space and are looking forward to the award celebrations in April.”