2013-12-10 17:20:04 -
Planixs, today announces the next release of Realiti, its SWIFT message based solution to resolve the challenge of understanding a bank’s constantly fluctuating intraday exposure. This gives the potential to save many $millions per annum, meet upcoming Basel III regulatory requirements and actively manage credit risk exposure, all with minimal internal disruption.
Intraday liquidity has been a focus of attention since the financial crisis of 2007-8. Regulators worldwide, led by the PRA, are now focusing on legislation with the Basel III framework being augmented to include intra-day liquidity. By January 2015 banks will need to monitor and report on a wide range of intraday liquidity indicators. Capturing, controlling and analysing the data required for intraday liquidity management is becoming ever more
complex, costly and time-consuming for financial institutions.
Planixs’ Realiti product analyses SWIFT messages to provide real time insights into intraday liquidity positions across a bank’s entire correspondent network. This allows financial institutions to control liquidity positions, both for cash and securities, to minimise liquidity buffer costs and meet regulatory needs. The January 2015 requirements place new and challenging demands on banks with the need to store and analyse billions of data points to perform functions such as complex stress modeling.
Realiti’s Real time Active Intelligence (RAI), enhanced with the upcoming ability to run live forecasting intraday, provides banks with the advanced capabilities they need to be firmly in control of their liquidity use.
Realiti runs on Planixs’ big data, analytics platform Graphite and is provided as a software as a service (SaaS) solution on internal or external cloud architectures. The non-intrusive nature of the solution enables rapid adoption of the new capability, without disrupting a bank’s existing IT infrastructure.
Arun Aggarwal, Managing Director, UK, Ireland and Nordics, SWIFT, says, “Planixs’ Realiti solution is an important tool to help banks meet the new Basel III regulations and minimise operational costs associated with liquidity buffers.”
Neville Roberts, CEO, Planixs, adds, “Our financial services clients face the twin pressures of meeting evolving and complex regulations and reducing intraday buffer costs. But they often face traditional IT integration hurdles. Our Realiti solution addresses these problems head on, can be deployed rapidly to enable banks to get ahead of regulatory deadlines and delivers $millions in operational savings.”
About Planixs : Planixs is a leading provider of big data software as a service (SaaS) solutions and has developed products in both the Financial Services and Commercial Planning verticals. Planixs develops analytics solutions based on data science to fix high value business problems through non-invasive technology approaches.
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