Existing Planixs customer, FBN Bank (UK) Ltd, is to continue the use of Planixs’ real-time, intraday cash, collateral and liquidity management solution, Realiti® with a 3-year contract extension.
Through its Realiti software, UK-based Planixs provides banking firms with the ability to gain real-time visibility of their cash, collateral and liquidity at any point during the day, allowing them to use this insight to improve treasury operations, better manage liquidity risk, ensure regulatory compliance and reduce overdraft and liquidity buffer costs.
FBN selected Planixs in March 2016 after an exhaustive evaluation process to establish the best real-time treasury software on the market. By implementing Realiti, FBN can improve its intraday liquidity management capabilities and its compliance with the Basel Committee’s BCBS 248 intraday monitoring regime.
The banking firm initially signed up to Planixs’ Realiti software solution for five years to obtain real-time intraday insight and improve regulatory compliance processes, FBN will now extend the use of the software for a further three years.
Antonio Gutierrez, COO, at FBN comments: “We are delighted to be extending our contract with Planixs – we look forward to a continued successful relationship with the team and enhancing our treasury management processes through Realiti”.
Neville Roberts, CEO at Planixs, adds: “We are thrilled that FBN is renewing its contract for our real-time treasury software solution. We look forward to continuing our relationship with FBN and proving the bank with the tools its needs for real-time liquidity management”.
Realiti continues to be the pioneering real-time intraday cash, collateral and liquidity management solution with live implementations at global scale. Its SaaS or on premise delivery models and high performance and scalable architecture mean that Realiti can be deployed with minimal intrusion to a bank’s infrastructure, rapidly delivering business value.