Derivative Path & Wells Fargo to facilitate global payments

By Gloria Mathias

Today

• Capital Markets
• Commercial Banking
• Commercial Electronic Office

Derivative Path, Inc., a provider of capital markets technology and derivatives execution services, has announced a new partnership with Wells Fargo to enhance the global payments capabilities available to regional and community banks.

This initiative, which leverages Wells Fargo’s FX Payment APIs integrated with Derivative Path’s purpose-built platform, is designed to integrate with bank customers’ digital experiences seamlessly. It provides real-time FX rates across over 120 currency pairs and streamlines the collection of settlement details at the point of payment creation. This marks a significant evolution in these banks’ FX payment capabilities, enabling them to overcome traditional market barriers efficiently and securely.

This next-generation solution streamlines and optimises payment workflows to address the complexities and inefficiencies typically associated with international transactions. Regional and community banks can now leverage this advanced technology to provide competitive, secure, and transparent FX payment services similar to those offered by the largest financial institutions.

“This collaboration with Wells Fargo marks a critical advancement in making global payments accessible and efficient for regional and community banks,” said Pradeep Bhatia, CEO and Co-Founder of Derivative Path. “Our technology is designed not only to meet the current and future needs of these banks but also to integrate seamlessly into their digital platforms, enhancing the overall customer experience and extending their international capabilities.”

“Wells Fargo is committed to leveraging our global resources to enhance the capabilities of regional and community banks through strategic technology partnerships,” stated Dan Vogt, Managing Director and Head of FX Payment Solutions Sales & Product Strategy at Wells Fargo. “Working with Derivative Path allows our bank clients to leverage our robust APIs to bring FX payment solutions to their customers via digital channels where they want to transact.”

This solution is part of Derivative Path’s broader strategy to empower banks of all sizes with the financial tools necessary to thrive in a globalised economy.

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