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LONDON, NEW YORK, SINGAPORE: 1st July 2020
Planixs, the world’s leading provider of real-time, intraday cash, collateral and liquidity management solutions, and Ovations Technologies, South Africa’s leading information and communications technology (ICT) systems integration specialists, have today announced their partnership to bring Planixs’ real-time treasury software suite, Realiti®, to financial institutions in the South Africa and African markets.
Through its modular Realiti software, Planixs provides treasury functions with the ability to gain real-time visibility of their cash, collateral and liquidity at any point during the day, allowing them to use this insight to improve treasury operations, better manage liquidity risk, ensure regulatory compliance and reduce overdraft and liquidity buffer costs.
With Realiti, financial institutions can consolidate millions of cash flows per hour, in real-time, to ensure they have an accurate picture of cash balances across all accounts and are able to control liquidity requirements and usage in real-time. Available on premise or in the cloud, the solution also helps firms to comply with global and local regulatory requirements and incorporates stress testing capabilities, allowing them to apply a range of stress scenarios in order to understand, monitor and prepare to mitigate any intraday liquidity stresses.
The software is used in a large number of global financial institutions and banking firms including Lloyds Banking Group, Barclays, Landesbank Baden-Württemberg (LBBW), SIX Group, Scotiabank and Zenith Bank – who are all benefitting from real-time control over their cash and liquidity.
Based in Johannesburg, Ovations Technologies has more than 20 years’ experience in the South Africa ICT sector as a trusted advisor, solutions innovator, builder and implementation partner. The company provides its clients with business consulting services – working with them to implement and integrate leading-edge cloud technology solutions to drive digital transformation.
The partnership with Planixs will provide Ovations with the opportunity to help sell the Realiti Solution Suite into the South Africa and African markets, introducing the solution to financial institutions and major corporates and providing software implementation, along with comprehensive support and account management.
Sean Katzen, CEO at Ovations Group, comments: “Ovations Group is immensely proud to partner with Planixs. We believe that the Planixs Solution Suite will add immense value to South African and African financial institutions by creating instant access to critical real time liquidity data. Planixs has an enviable track record of creating benefits for global clients, including regulatory control and financial return benefits. Ovations Group has a successful track record of delivering value to financial institutions through quality outcomes. We believe that our partnership with Planixs together with our focus on excellence and quality will be a successful recipe for delivering value to our clients.”
Planixs’ CEO, Neville Roberts, adds: “We are delighted to be working with Ovations Technologies – over the years they have proven themselves to be a trusted solution partner and are well recognised in the financial services space for driving digital change and transformation. A large part of our strategy is increasing our global presence and enabling financial institutions across the globe to benefit from our award-winning Realiti Solution Suite. Working with partners such as Ovations Technologies allows us to work towards that goal and raise awareness of our real-time software in the financial services sector.”
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