Sell-Side Technology Awards 2023: Best alliance or partnership—Derivative Path and Goldman Sachs
Partnership: Derivative Path’s collaboration with Goldman Sachs Transaction Banking (TxB)
Most regional and community banks view FX and international payments as a cost center that lives in the wire room rather than a profit center that is owned by the line of business. Their legacy processes were established many years ago and offer limited flexibility and a poor customer experience. As a result, they are only able to partially bank their commercial customers because the cost-sensitive ones are taking their international activity elsewhere.
“By collaborating with
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