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Goldman Sachs, the world’s leading financial institution, has partnered with Derivatives Path to launch a joint solution that gives US regional and community banks access to forex payments.
Derivative Pass provides capital markets technology and derivative execution services to regional and community banks.
The partnership will leverage the global payment network of the Goldman Sachs Transaction Banking (TxB) platform launched by financial giants in early April, according to a statement released Thursday by Derivate Path.
Derivate Path clients will be able to access Goldman Sachs’ global payment capabilities using Derivate EDGE, the company’s software-based capital markets platform as a service.
DerivativeEDGE also focuses on forex, over-the-counter products and interest rate derivative transactions.
In addition, the derivative path of the statement explained that collaboration will provide an automated digital first payment solution.
Technology providers said this would be useful for financial companies doing spot forex and international payments.
“Using TxB’s API-based platform, Derivative Path’s clients can now provide their underlying customers with a more cohesive, end-to-end global payment solution,” the provider explained. ..
Art Brieske, Global Head of Payments for TxB, said regional and community banks are now enjoying “a comprehensive yet simplified and efficient cross-border payment solution.”
Pradeep Bhatia, CEO and co-founder of Derivative Path, believes that the launch of the joint solution underscores the company’s goal of driving a new wave of innovation for regional and community banks in the United States.
Partnering with one of the world’s largest and most established financial institutions is a big step in the right direction to bring advanced technology and flexibility to the banking sector in the U.S. region and community, explained Batia. ..
Goldman Sachs is a financial powerhouse with a 150-year history of providing investment banking and securities financial services.
It is also active in the investment management and retail banking sub-industries.
Goldman Sachs, the world’s leading financial institution, has partnered with Derivatives Path to launch a joint solution that gives US regional and community banks access to forex payments.
Derivative Pass provides capital markets technology and derivative execution services to regional and community banks.
The partnership will leverage the global payment network of the Goldman Sachs Transaction Banking (TxB) platform launched by financial giants in early April, according to a statement released Thursday by Derivate Path.
Derivate Path clients will be able to access Goldman Sachs’ global payment capabilities using Derivate EDGE, the company’s software-based capital markets platform as a service.
DerivativeEDGE also focuses on forex, over-the-counter products and interest rate derivative transactions.
In addition, the derivative path of the statement explained that collaboration will provide an automated digital first payment solution.
Technology providers said this would be useful for financial companies doing spot forex and international payments.
“Using TxB’s API-based platform, Derivative Path’s clients can now provide their underlying customers with a more cohesive, end-to-end global payment solution,” the provider explained. ..
Art Brieske, Global Head of Payments for TxB, said regional and community banks are now enjoying “a comprehensive yet simplified and efficient cross-border payment solution.”
Pradeep Bhatia, CEO and co-founder of Derivative Path, believes that the launch of the joint solution underscores the company’s goal of driving a new wave of innovation for regional and community banks in the United States.
Partnering with one of the world’s largest and most established financial institutions is a big step in the right direction to bring advanced technology and flexibility to the banking sector in the U.S. region and community, explained Batia. ..
Goldman Sachs is a financial powerhouse with a 150-year history of providing investment banking and securities financial services.
It is also active in the investment management and retail banking sub-industries.
