Allied Irish Banks (AIB) selects Planixs to boost treasury operations

By Megha Bhattacharya

Planixs has announced that it has been selected by Allied Irish Banks (AIB) for enhancing liquidity management processes and treasury operations through Planixs’ Realiti software suite. According to the supplier, AIB selected its Intraday Liquidity Management, Funding & Forecasting, Stress Testing, Intraday Reconciliation, and Regulatory Reporting modules to improve its processes,

Brendan Bane, Head of Treasury said, “We are very happy to have selected Planixs’ Realiti software as the solution for our real-time treasury transformation. After assessing options available in the market, we decided that Realiti was the right solution to meet our needs and provide us with true, real-time insight. This will translate into increased efficiencies in Treasury which ultimately translates to increased efficiency across our retail and wholesale customer base. We look forward to a long-term relationship with Planixs.”

AIB will be enabled to gain real-time insight into liquidity positions; detailed analytics and forecasts of end-of-day projections for all accounts; real-time reconciliation and auto-matching capabilities and to meet regulatory reporting requirements.

Recently, Allied Irish Banks selected experience management solutions provider Medallia in a bid to boost its customer experience program.

Neville Roberts, CEO of Planixs, commented, “We are delighted to have been selected by AIB to deliver our real-time solution in order to enhance their treasury operations. We are seeing that more and more banking firms are realising the importance of obtaining real-time insight and having access to intraday data instantaneously – we are thrilled that AIB recognises that our platform offers this, together with best practice in intraday cash and liquidity management.”