With the introduction of this system, NORD/LB's Treasury division will in future be able to record data flows in real time. The new liquidity management system is therefore an ideal supplement to NORD/LB's existing bank management. It creates maximum flexibility and also generates considerable synergy effects. Furthermore, the new liquidity management system offers additional advantages in cash management, from which the bank's corporate customers in particular will benefit. The real-time treasury system was developed by Planixs, a fintech company focusing on real-time solutions for liquidity management.
The application, as used at NORD/LB, is based on modern and future-oriented cloud technology. This will enable the bank to adapt required capacities and computing power flexibly and with significantly reduced lead times in line with demand in the future. The combination of cloud- and real-time-based liquidity management is now being used in this form for the first time in the German banking system.
Kornelie-Reiner Steinbach, Head of Liquidity Management, says: "With the implementation, NORD/LB is providing a future-proof, cloud-based solution in intraday liquidity management, which can also serve as a basis for other areas of application within the scope of digitalisation in the Savings Bank Financial Group."
The implementation is part of the modernisation of NORD/LB's IT landscape. As part of the ongoing transformation programme, the bank will invest significantly in future technologies, i.e. new IT systems and digitalisation initiatives.
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About NORD/LB
NORD/LB Norddeutsche Landesbank is one of the leading German commercial banks. The core business segments include business with corporate customers, private and commercial customers including private banking as well as special finance in the energy and infrastructure sector, aircraft finance and commercial real estate finance. The bank is headquartered in Hanover, Brunswick and Magdeburg and has branches in Bremen, Oldenburg, Hamburg, Schwerin, Düsseldorf and Munich. Outside Germany NORD/LB is represented by a Pfandbrief Bank (NORD/LB Covered Bond Bank) in Luxembourg and branches in London, New York and Singapore.
