Planixs provides cloud-enabled solutions that power any Treasury in any industry to become real time with instant insight, rapid analytics, intraday control and agile liquidity
Planixs, the global leader of real-time treasury technology, has announced today that its customer, FBN Bank (UK) Ltd, has successfully gone live with the company’s Real-Time Reconciliations module, an add-on component of the firm’s Realiti® software that will provide the Bank with advanced reconciliation capabilities.
Planixs’ Realiti solution provides banking firms with the tools to gain real-time visibility across all cash, collateral and liquidity at any point during the day, allowing firms to use this insight to improve treasury operations, better manage liquidity risk, reduce overdraft and liquidity buffer costs and ensure regulatory compliance.
FBN is a long-standing Planixs customer, having selected Realiti as a hosted solution in March 2016 to improve its intraday liquidity management capabilities and to comply with the Basel Committee’s BCBS 248 intraday monitoring requirements. Originally opting for the Intraday Liquidity Management and Regulatory Reporting modules, FBN will now add the Real-Time Reconciliation module to the platform for automated real-time matching.
Real-Time Reconciliation links external confirmations from account providers with internal projected ledger bookings. The module enables timely awareness of the progress of settlement activity to support funding processes and delivers enhanced insight on the drivers of liquidity usage. Real-Time Reconciliation enables ledger to external matching and external to ledger matching, plus ledger to ledger and external to external matching to optimise the accuracy of Realiti’s data sets. Both automatic and manual matching is provided to ensure end-users have the ability to refine the match population, matching and unmatching as required.
Antonio Gutierrez, Chief Operating Officer at FBN Bank UK comments: “We are excited to go live with Planixs’ Real-Time Reconciliations module. This addition will extend the functionality of Realiti, giving us enhanced matching capabilities and greater insights over our liquidity.”
Neville Roberts, CEO at Planixs, adds: “As Realiti is a modular platform, banking firms can extend the functionality of the system, and therefore, enhance their capabilities by adding extra modules as required. We are delighted that FBN has now gone live with our Real-Time Reconciliation module. This will provide FBN with even greater real-time insight across its external and internal transactions.”
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.
Source: Company Press Release