Planixs, the provider of real-time, intraday cash, collateral and liquidity management services, has revealed that its Realiti software suite has been chosen by Nord/LB as the bank “embarks on a digital transformation project to overhaul its treasury operations.”
NORD/LB Norddeutsche Landesbank is reportedly 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.”
As noted in the update, the bank is based 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 mentioned in a release:
“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 company has also been 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 an extensive RFP process assessing a number of solutions in the market, Planixs’ real-time treasury software, Realiti, was chosen as the “preferred” solution.
Impressed by the benefits that Realiti aims to provide and hearing how other banking platforms in the DACH region are leveraging the tech to enhance 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,” the update confirmed.
Kornelie-Reiner Steinbach, Director Norddeutsche Landesbank, Treasury Head of Liquidity Management, stated:
“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, remarked:
“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 clients such as Santander, Landesbank Baden-Württemberg (LBBW), Allied Irish Bank (AIB), SIX Group, Banque Internationale à Luxembourg (BIL), Lloyds Banking Group, Scotiabank, among others.
The solution is reportedly, “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.”