Derivative Path, a California-based capital markets technology provider brings cloud-based trading platform for interest rates and FX derivatives. It allows financial institutions, private equity firms, end-users, and buy-side clients to set up and manage their hedging programs seamlessly. It offers solutions like real-time pricing feeds, analytics, and redundancy and disaster recovery support.
Derivative Path and Goldman Sachs Transaction Banking (TxB) to render digital-first and automated platform to enable financial institutions with spot foreign exchange and international payments. API-enabled platform of Goldman Sachs Transaction Banking, clients of Derivative Path can now deliver a more complete global payment solution to their primary consumers.
The cloud-based platform of Derivative Path streamlines borderless payment issues by simplifying workflows, offering better pricing transparency, and rendering secured payment tracking for users. The solution strengthens regional and community banks to effortlessly access FX payments with the Derivative Path platform leveraging Global Payments network of Goldman Sachs Transaction Banking.
Art Brieske, Global Head of Payments, Goldman Sachs Transaction Banking, commented, “Regional and community banks now have access to the same global payments capabilities as large money center banks. 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.”
DerivativeEDGE, the SaaS-based capital markets platform of Derivative Path was built as a complete solution in which users have front, middle, and back-office functions on one platform, removing the roadblocks of working with disparate systems to manage operational workflow.
Pradeep Bhatia, CEO & Co-Founder, Derivative Path, stated, “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. The launch of our joint solution with Goldman Sachs substantiates our mission of delivering a new wave of innovation to these firms.”