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Santander appoints Manchester tech firm to improve liquidity management

planixs

Santander has turned to Planixs to improve its liquidity management processes, including cash management, liquidity forecasting and risk mitigation.

The Manchester-based company already works with the Swiss Stock Exchange, AIB and First Bank.

“Santander is one of the largest banks in the world – one that is recognised globally and with GSIB [Global Systematically Important Banks] status – meaning it is subject to increased regulatory pressures,” explained Neville Roberts, CEO of Planixs.

“Realiti has been designed for such banks, to provide firms with real-time insight and anywhere access, allowing them to improve their cash and liquidity management processes and meet regulatory compliance. We are delighted to have been selected by Santander to help the bank meet its treasury objectives and look forward to a long working relationship with the organisation.”

Its Realiti software helps large banking operations gain “real-time liquidity control” and ensure regulatory compliance.

Santander stated that this was key, particularly with the Covid-19 pandemic, so that it could mitigate risk and provide the option for staff members to safely and securely share data and information whilst working remotely.

“We are very excited about deploying Realiti and experiencing the benefits across our liquidity management processes,” added Ross Morgan, Head of Department, CFO Division Treasury Middle Office & Operations.

“Furthermore, we are really pleased to have found a strategic partner in Planixs that we can work with to transform our treasury operations.”

It will deploy Realiti using Amazon High Availability Zone to mitigate both component and site failure.

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