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Derivative Path and Wells Fargo Partner to Deliver Innovative Global Payments Solution to Regional and Community Banks

1. Derivative Path partners with Wells Fargo to enhance FX payment services. 2. The solution enables efficient, secure international transactions for regional banks. 3. Over 500 successful FX wires processed by early adopters, improving operational efficiency. 4. Strategic partnerships are central to Derivative Path's growth and competitive edge. 5. The initiative democratizes advanced payment technologies for community banks.

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FAQ

Why Bullish?

Increased efficiency in FX payments could lead to greater transaction volumes for GPN. Previous partnerships have boosted revenue streams for similar firms.

How important is it?

The partnership positions Derivative Path and Wells Fargo to influence payment landscapes, directly impacting competition for GPN.

Why Long Term?

Sustained improvements in operational efficiency suggest enduring benefits. Similar integrations in the past have shown prolonged positive impacts.

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NEW YORK--(BUSINESS WIRE)--Derivative Path, Inc., a leading 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. Leveraging Wells Fargo’s FX Payment APIs integrated with Derivative Path’s purpose-built platform, this initiative is designed to work seamlessly within the digital experiences of bank customers, providing real-time FX rates across over 120 currency pairs and streamlining the collection of settlement details at the point of payment creation. It marks a major evolution in FX payment capabilities for these banks, enabling them to overcome traditional market barriers efficiently and securely. This next-generation solution addresses the complexities and inefficiencies typically associated with international transactions by streamlining and optimizing payment workflows. Regional and community banks can now leverage this advanced technology to provide competitive, secure, and transparent FX payment services, akin to those offered by the largest financial institutions. The digital, integrated solution already has several live customers with many more currently being implemented. Among the tech-forward early adopters are Busey Bank and FirstBank (Nashville, TN). "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, 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.” Neil Denault, Capital Markets Manager at Busey Bank, commented on the operational impact: "Since implementing the Derivative Path and Wells Fargo integrated FX payments solution, Busey Bank has processed over 500 FX wires with only one inquiry — significantly enhancing our operational efficiency and customer satisfaction. Not only does this technology support our growth, but it also strengthens our competitive position in the market. Derivative Path and Wells Fargo effectively delivered an efficient and user-friendly solution that has benefitted the bank and our customers.” Ron Zimmerman, SVP of Deposit Operations at FirstBank, added, "Derivative Path has been a trusted partner of the bank for many years, and their ability to extend their solutions to international payments at a time of acute need for FirstBank is very much appreciated. They not only improved the experience for our customers, but our wire room is ecstatic about how much their process has improved." This innovative solution is part of Derivative Path's broader strategy to empower banks of all sizes with cutting-edge financial tools necessary to thrive in a globalized economy. As Derivative Path continues to expand its network of partnerships with leading liquidity providers, the focus remains on enhancing service offerings for community and regional banks, reinforcing their competitive edge and operational efficiency. For more information about this transformative FX payments solution and how it benefits regional and community banks, please visit Derivative Path's website, Wells Fargo's website, and the websites of participating regional banks. About Derivative Path Derivative Path empowers institutions across the capital markets with innovative, AI-driven technology and expert advisory solutions. Our award-winning cloud platform supports banks, credit unions, private equity firms, corporates, money managers, and insurance companies in managing interest rate, FX, and commodity risks, optimizing hedging strategies, and streamlining cross-border payments. With a client base spanning over 250 institutions, we deliver scalable solutions that enhance risk management and drive operational performance. Through strategic partnerships including Wells Fargo, FNBO, Q2, and Jack Henry, we provide best-in-class capabilities to help clients achieve their financial objectives in an ever-evolving market. For more information, visit us at Derivative Path.

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