Lloyds Banking Group has formed a strategic partnership with Planixs to improve its intraday cash and liquidity management capabilities as well as comply with the Basel committee’s BCBS248 intraday monitoring regime.
Under the partnership, Lloyds Banking Group will deploy Planixs’ Realiti solution which enables the financial institutions to consolidate millions of cash flows per hour, in real-time.
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The solution is expected to enable Lloyds to receive accurate details of cash balances across their settlement accounts and compare projections to actual external balances.
It will also allow the bank to control liquidity requirements and usage in real-time as well as procure intelligent insight to a bank’s treasury, risk and operations departments.
Planixs CEO Neville Roberts said: “We are delighted to have formed this strategic partnership with Lloyds and be selected as their solution provider of choice and look forward to developing our future relationship.
“In selecting Realiti as their solution and in partnering on future build out of new roadmap capabilities, Lloyds have further reinforced our position in the market as the leading intraday cash and liquidity management provider.”
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By GlobalDataBased in the UK, Planixs focuses on providing analytical, forecasting and modelling software solutions to various industries including financial services and human capital management.
