back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Derivative Path teams up with Goldman Sachs to deliver FX and global payments to US banks

By Edlyn Cardoza

July 04, 2022

  • API
  • Compliance
  • Cross Border Payments
Share

Derivative Path, Goldman Sachs Transaction Banking, Digital Payments, FX, International Payments, Financial Institutions, API, Cross Border Payments, FX Payments, DerivativeEDGE, Compliance, USADerivative Path, a leading provider of capital markets technology and derivatives execution services to regional and community banks, announced it is collaborating with Goldman Sachs Transaction Banking (TxB) to offer an automated, digital-first payments platform to help financial institutions with spot foreign exchange and international payments. Using TxB’s API-based platform, Derivative Path clients can now provide a more cohesive end-to-end global payment solution to their underlying customers.

The cloud-based solution simplifies cross-border payment complexities by streamlining workflows, providing greater pricing transparency, and delivering real-time, secure payment tracking for users. The solution reduces barriers to entry for regional and community banks to seamlessly access FX payments through the Derivative Path platform, leveraging Goldman Sachs Transaction Banking’s Global Payments network.

“Teaming up with one of the world’s largest and most-established financial institutions is a major step in the right direction of bringing greater technology sophistication and flexibility to the regional and community banking sector in the US,” said Pradeep Bhatia, CEO & Co-Founder of Derivative Path. “The launch of our joint solution with Goldman Sachs substantiates our mission of delivering a new wave of innovation to these firms.”

“Regional and community banks now have access to the same global payments capabilities as large money center banks,” said Art Brieske, Global Head of Payments for Goldman Sachs Transaction Banking. “We are pleased to collaborate with Derivative Path to provide access to our global payments capabilities through their platform and provide regional and community banks with a comprehensive yet simplified and efficient cross-border payment solution.”

Derivative Path’s SaaS-based capital markets platform DerivativeEDGE was designed as an end-to-end solution in which users have front, middle, and back-office functionality on one platform, eliminating the inefficiencies of working with disparate systems to manage operational workflow. It also automates regulatory compliance, integrates real-time market data, automates swap data reporting, and affirms cleared trades.

Previous Article

July 04, 2022

Linnworks partners with Payoneer to simplify Cross Border payments

Read More
Next Article

July 04, 2022

Careem announces acquisition of Denarii assets

Read More










IBSi Daily News Analysis

September 26, 2022

API

How will corporate banking predictions affect technology buyers?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Wise Platform rolls out its new International Receive Service

Read More

Today

4 popular digital payment gateways in India

Read More

Today

Bharat Billpay and Federal Bank partner with LuLu Financial Group

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022