Allied Irish Banks (AIB) Selects Planixs’ Real-Time Intraday Liquidity Management Software to Enhance Treasury Operations
Planixs, the leading provider of real-time, intraday cash, collateral and liquidity management solutions, has announced today that it has been selected by Allied Irish Banks (AIB) to enhance their liquidity management processes and treasury operations through Planixs’ Realiti® software suite.
As one of the largest banks in Ireland, AIB monitors and funds numerous accounts in all the major global currencies on a daily basis, equating to a significant amount of transactions. AIB was looking for a real-time liquidity solution that would allow them to automate their current processes and provide them with insight of all accounts and transactions, and their real-time intraday liquidity position. The firm also wanted the ability to report in real-time - allowing them to ensure regulatory compliance.
After a comprehensive market selection, Planixs was selected as the real-time intraday liquidity solution provider, with AIB selecting Planixs’ Intraday Liquidity Management; Funding & Forecasting; Stress Testing, Intraday Reconciliation and Regulatory Reporting modules to improve its processes, with the potential to add further modules in the future to increase and enhance functionality.
The modules selected will allow AIB to gain real-time insight into liquidity positions; detailed analytics and forecasts of end-of-day projections for all accounts; real-time reconciliation and auto-matching capabilities and to meet regulatory reporting requirements.
Commenting on their decision to rollout Realiti, Brendan Bane, Head of Treasury said: “We are very happy to have selected Planixs’ Realiti software as the solution for our real-time treasury transformation. After assessing options available in the market, we decided that Realiti was the right solution to meet our needs and provide us with true, real-time insight. This will translate into increased efficiencies in Treasury which ultimately translates to increased efficiency across our retail and wholesale customer base. We look forward to a long-term relationship with Planixs.”
Neville Roberts, CEO of Planixs, commented, “We are delighted to have been selected by AIB to deliver our real-time solution in order to enhance their treasury operations. We are seeing that more and more banking firms are realising the importance of obtaining real-time insight and having access to intraday data instantaneously – we are thrilled that AIB recognises that our platform offers this, together with best practice in intraday cash and liquidity management.”
Planixs’ Realiti software suite continues to be the pioneering real-time cash, collateral and liquidity management solution - with customers including SIX Group, Banque Internationale à Luxembourg (BIL), Lloyds Banking Group, Landesbank Baden-Württemberg (LBBW), Scotiabank, Deutsche Bank, Ghana International Bank (GHIB) and Zenith Bank – amongst others. The solution is 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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