Real-time cash positioning and payments for a UK clearing bank
£12bn in cash managed within the TMS, with more than 2,000 payments integrated daily
One of the UK's newest and most innovative clearing banks wanted real-time cash positioning and deal execution through a modern, low-touch treasury platform.
A low-touch treasury architecture managing £12bn in cash
£12bn
Cash managed within the TMS
£260m
Average monthly payment value
2,000+
Payments integrated daily
The challenge
Given the scale, complexity and regulatory requirements of its business, the bank needed a partner who could deliver real-time payments through a modern, digitally capable treasury platform.
- No integrated or real-time view of cash to support growth into local and foreign markets
- Disparate manual integrations across market data, bank data, trading and the general ledger
- Payment execution in peripheral third-party banking platforms, adding operational overhead
- Regulatory demands for strong controls and transparent, real-time management reporting
- Unclear segregation of duties contributing to control challenges
- Inefficient cash optimisation in non-sterling accounts due to limited visibility of customer activity
The solution
SkySparc carried out a detailed advisory exercise to shape the architecture and delivery strategy, then delivered the platform on accelerated timelines using advanced APIs and FIS ERP Connector.
- Discovery review guiding a value-driven roadmap for a treasury platform powered by real-time API data exchange
- FIS Integrity designed and implemented for cash management, dealing, confirmations, payments and treasury accounting
- Inbound and outbound FIS Integrity API integration
- FIS ERP Connector for API-based journalling between FIS Integrity and Microsoft Dynamics 365
- Payment files standardised into the bank's SWIFT-enabled clearing system, with responses updated in real time
- Prototyping, training and handover to treasury users
The result
Treasury now has near real-time cash positioning across multiple currency accounts, with zero-touch, end-to-end treasury accounting.
- £12bn in cash managed within the TMS
- An average of £260m in payments each month
- More than 2,000 payments integrated daily and around 1,500 back-to-back FX deals managed monthly
- Segregation of duties and security processes now audit-approved
- Less idle cash in non-sterling accounts and improved return on capital
- Customer payment rail opening hours extended, improving the client experience
"SkySparc assisted us in achieving real-time customer payment and FX data integrations into FIS Integrity. A major saving for the Treasury Ops team allowing us to optimize our daily cash positioning and payment execution. Their technical expertise around API technologies and system reporting was fundamental to our success." Project Delivery Manager