Bank with reg reporting and process issues, streamlines compliance and control
In collaboration with the Planixs team, this multinational bank successfully implemented Realiti in under two months, overcoming regulatory challenges and achieving significant returns on investment.
Objectives
The bank needed to accomplish the following objectives:
- Regulatory Compliance Ensure timely and confident submission of BCBS248 reports to the Prudential Regulation Authority (PRA).
- Enhanced Control Empower business owners of treasury, risk, and compliance with improved control over operations.
- Cost Savings Achieve cost savings through streamlined processes facilitated by the new system.
The solution
The Realiti Cash Control capabilities from Planixs not only met the bank’s technical implementation requirements, but also addressed regulatory challenges. The non-intrusive nature of Realiti facilitated a rapid implementation, allowing the bank to go live in under two months. The collaborative approach adopted by the Planixs team ensured that the implemented solution aligned with the broader business objectives of the project.
Measurable benefits
There are several ways in which Realiti has had a positive impact on the business:
- Timely Regulatory Reporting The bank can now provide BCBS248 reports to the PRA on time and with confidence, ensuring compliance with regulatory requirements.
- Improved Control Business owners in treasury, risk, and compliance have enhanced control over operations, leading to better decision-making.
- Cost Savings Streamlined processes are contributing to cost savings for the bank.
- Rapid ROI The fast-moving implementation of Realiti ensured a significant return on investment for the project.
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