With over 300 nominations in its category, Planixs has been shortlisted for the RegTech Initiative Award which recognises the most innovative regulatory technology in the market and the world’s most pioneering solution providers that address the challenges and opportunities of dealing with regulatory issues within financial services.
The UK FinTech Awards are produced by Barker Brooks Communications, the events and media company behind the well-known Yorkshire Financial Awards. They have said they developed the awards to “celebrate this incredible industry, and the achievements and successes of the country’s best and brightest.” The award ceremony will take place virtually on 17th November in light of the Covid-19 pandemic.
Founded in 2011, Manchester-based Planixs works with some of the world’s most prestigious global financial institutions such as SIX Group, Banque Internationale à Luxembourg, Lloyds Banking Group, Landesbank Baden-Württemberg (LBBW), Scotiabank and Zenith Bank amongst many, in providing its market-leading product suite Realiti® – a cloud-based and on premise technology solution suite that delivers real-time intraday cash, collateral and liquidity management capabilities to the financial services industry.
Realiti helps firms to comply with global BCBS 248 regulatory requirements, ensuring that they meet global regulations including the UK PRA, FED and European Banking Authority regulations. The solution also incorporates stress testing capabilities, allowing banking firms to apply a range of stress scenarios in order to understand, monitor and prepare to mitigate any intraday liquidity stresses and to help size liquidity buffers.
Realiti is pivotal in driving operational savings and improving risk management for banks, financial institutions and large corporates by ensuring they gain real-time liquidity control and ensure regulatory compliance.
Last year, recognising that smaller banks have same regulatory needs as larger banks, but their budgetary constraints prevent the investment in an enterprise liquidity solution, Planixs launched Realiti® Essentials – an ‘out-of-the-box’, all-inclusive software solution that will enable any bank or financial institution of even the smallest size to become regulatory compliant and manage their liquidity using the lowest cost solution in the marketplace.
Neville Roberts, Planixs’ CEO commented, “We are very proud and honoured to be nominated for the UK Fintech Awards in the RegTech category. Our purpose here at Planixs is to help make the banking industry safer and to ensure financial institutions have full control and regulatory compliance over their cash, collateral and liquidity operations. We are thrilled that we have been recognised as a leader in the UK FinTech space.”
About Planixs
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. Realiti from Planixs is a complete suite of modules built to deliver instantaneous insight over vast data volumes with devotees across funding, liquidity, compliance, risk and beyond. Realiti Essentials provide smaller banking firms with out-of-the-box treasury software to control intraday liquidity risk and deliver regulatory compliance, without needing to invest in a full treasury management solution.
