Santander Now Live with Planixs’ Realiti Suite to Deliver Real-Time Cash, Liquidity Management

Planixs, the provider of real-time cash, collateral and liquidity management solutions, has announced that G-SIB (Global Systemically Important Bank), Santander, has successfully “gone live with its Realiti Software Suite to transform the bank’s liquidity management processes, including cash management, liquidity forecasting and risk mitigation.”

Santander selected Planixs’ real-time software in 2021, “after extensively reviewing the market looking for a solution that would allow the bank to obtain real-time visibility at scale over its balances, cash positions and liquidity usage.”

The platform will “complement the firm’s existing infrastructure that continues to be used across the bank.”

Santander opted for Planixs’ Intraday Liquidity Management, Funding & Forecasting and Intraday Reconciliation modules “to improve its processes and digitally transform its treasury operations.”

The modules selected will “allow Santander to achieve its goals of obtaining real-time insight into liquidity positions and detailed analytics and forecasts of end of day projections for all accounts.”

The platform will also “allow the bank to proactively manage payment flows and optimise liquidity buffers, whilst also automating processes to mitigate the risk and overheads associated with time-consuming, laborious manual tasks.”

Ross Morgan, Head of Treasury Middle Office and Operations at Santander comments:

“Planixs’ Realiti Suite will enable us to manage our cash, liquidity and reconciliations in real-time. It will improve our day-to-day processes and transform our treasury function. Furthermore, as the solution has been deployed as a SaaS application, we will be able to provide our users with anytime access, meaning they can easily access and share data with confidence.”.

Neville Roberts, Planixs CEO, adds:

“Santander is a major G-SIB that requires market leading capabilities to meet its increased regulatory commitments and treasury objectives. Realiti is the perfect choice for the bank, and we are delighted that Santander has selected, and now gone live, with our award-winning solution”.

Realiti is “used in many global financial institutions, with clients including Lloyds Banking Group, Allied Irish Banks (AIB), Norddeutsche Landesbank (NORD/LB), Banque Internationale à Luxembourg (BIL), Landesbank Baden-Württemberg (LBBW), SIX Group, Scotiabank, Deutsche Bank and Europe Arab Bank – among others.”

The solution is reportedly “the only platform in the market that provides financial institutions with a 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.”

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