Derivative Path, a top supplier of capital markets technology and derivatives execution services to community banks, announced it is partnering with Goldman Sachs Transaction Banking, to provide financial institutions with an automated, digital-first payments platform to assist with spot foreign exchange and international payments. Clients of Derivative Path can now provide their core customers with a more comprehensive end-to-end global payment solution thanks to TxB’s API-based platform.The cloud-based solution reduces the complexity of cross-border payments by optimizing procedures, increasing pricing transparency, and giving users access to real-time, secure payment tracking. The technology reduces entry barriers for regional and community banks, enabling them to easily access FX payments through the Derivative Path platform and utilizing the Global Payments network of Goldman Sachs Transaction Banking.
