Planixs, the main supplier of real-time liquidity, collateral and intraday liquidity administration options, at the moment introduced that its Realiti software program has been chosen by Santander, one of many world’s systemically vital banks (GSIB) to enhance its liquidity administration processes, together with money administration, liquidity forecasting and threat mitigation.

Santander was on the lookout for a strategic associate and an answer that may enable the financial institution to realize real-time, large-scale visibility into its balances, money positions and money utilization. This could enable the financial institution to proactively handle cost flows and optimize liquidity buffers, whereas automating processes to mitigate the dangers and overhead related to lengthy and laborious handbook duties.

After rigorously reviewing Planixs’ Realiti answer and listening to first-hand from different banking corporations that see important advantages of the software program, Santander selected Planixs as their real-time options supplier, choosing intraday liquidity administration, financing and Planixs forecasts and intraday reconciliation. modules to enhance its processes and digitally rework its treasury operations. The chosen modules will enable Santander to satisfy its goals of acquiring real-time perception into liquidity positions and detailed analyzes and forecasts of end-of-day projections for all accounts.

As a result of Covid-19 pandemic, one of many foremost drivers for selecting Planixs’ Realiti software program answer was to mitigate threat and supply workers members with the flexibility to share safely and securely knowledge and data whereas working remotely. With working fashions evolving in a single day and dealing from residence changing into the norm, the operational dangers inherent in legacy processes had been solely highlighted, in addition to the truth that handbook processes usually carried out in individual, within the workplace, are now not evident. could be extra suited to the aim. . Since Realiti might be hosted and delivered as a SaaS answer, workers members will now have the ability to join, entry and share knowledge from their properties, whereas making certain the utmost safety.

The Realiti answer has been recognized as crucial by Santander. Due to this fact, the financial institution wanted a SaaS deployment possibility that supplied it with a extremely resilient answer with built-in recoverability. Due to this fact, Realiti will probably be deployed utilizing Amazon Excessive Availability Zone to mitigate part and web site failures.

Commenting on his resolution to pick out and deploy Realiti, Ross Morgan, Supervisor, CFO Division Treasury Center Workplace & Operations, stated: “We’re very excited to deploy Realiti and reap the advantages of our enterprise processes. money. As well as, we’re very completely happy to have discovered a strategic associate in Planixs with whom we are able to work to rework our treasury operations. ”

Neville Roberts, CEO of Planixs, stated: “Santander is without doubt one of the largest banks on the planet – a globally acknowledged financial institution with GSIB standing – which implies it’s underneath elevated regulatory strain. Realiti was designed for these banks, to supply companies with real-time data and anyplace entry, enabling them to enhance their money and liquidity administration processes and adjust to laws. We’re delighted to have been chosen by Santander to assist the financial institution meet its treasury objectives and sit up for an extended working relationship with the group.

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