Nord/LB Selects Planixs’ Real-Time Software Suite to drive Treasury Transformation Progra
- Management , Cloud , Data
- 11.10.2021 11:00 am
Planixs, the leading provider of real-time, intraday cash, collateral and liquidity management solutions, has announced today that its Realiti® software suite has been selected by Nord/LB as the bank embarks on a digital transformation project to overhaul its treasury operations.
NORD/LB Norddeutsche Landesbank is one of the leading German commercial banks. The core business segments include business with corporate customers, private and commercial customers including private banking, as well as special finance in the energy and infrastructure sector, aircraft finance and commercial real estate finance. The bank is headquartered in Hanover, Brunswick and Magdeburg and has branches in Bremen, Oldenburg, Hamburg, Schwerin, Düsseldorf and Munich. Outside Germany NORD/LB is represented by a Pfandbrief Bank (NORD/LB Covered Bond Bank) in Luxembourg and branches in London, New York and Singapore.
As part of a large-scale banking transformation project, Nord/LB was looking for a software solution that would provide the bank with advanced treasury capabilities, in particular the ability to automate treasury processes and gain a full holistic view across all data and customer accounts. The firm was also specifically seeking a solution that would allow it to improve cash and liquidity management, meet BCBS 248 regulatory requirements, aid intraday stress testing and, ultimately, benefit from cost savings due to optimising liquidity buffers.
Following a rigorous RFP process assessing a number of solutions in the market, Planixs’ real-time treasury software, Realiti®, was selected as the preferred solution. Impressed by the benefits that Realiti offers and hearing how other banking firms in the DACH region are using the technology to improve their treasury processes, Nord/LB signed a contract for Realiti, opting for the full suite of modules to ensure regulatory compliance and operational insight across liquidity and inventory.
Kornelie-Reiner Steinbach, Director Norddeutsche Landesbank, Treasury Head of Liquidity Management comments: “We are delighted to have selected Planixs’ Realiti Suite to improve our regulatory reporting capabilities and to manage our cash and liquidity in real-time. We assessed the full solution market and selected Realiti as the best solution to meet our global needs. We are looking forward to working with the Planixs team and building a long and successful relationship whilst experiencing all the benefits that Realiti offers.”
Neville Roberts, CEO at Planixs adds: “Planixs has seen significant growth in the DACH region in the last two years and we are delighted to add Nord/LB to our growing customer-base in Germany. As more and more banking firms are realising the need for real time insight across their treasury operations, we are seeing a demand for our software suite to transform treasury processes, improve efficiencies and reduce costs. We are excited to implement our full Realiti software suite at Nord/LB as part of their banking transformation project.”
Planixs’ Realiti software suite continues to be the pioneering real-time cash, collateral and liquidity management solution - with customers including Santander, Landesbank Baden-Württemberg (LBBW), Allied Irish Bank (AIB), SIX Group, Banque Internationale à Luxembourg (BIL), Lloyds Banking Group, Scotiabank, Deutsche Bank, Ghana International Bank (GHIB) and Zenith Bank – amongst others. The solution is the only platform in the market that provides financial institutions with a true, real-time, 360-degree view of their data - allowing them to fully control and enhance their operations - resulting in improved efficiencies, automated processes and cost-savings.