Derivative Path, Wells Fargo deliver FX Payments solution for banks

Derivative Path announced the delivery of an FX payments solution powered by Wells Fargo’s (WFC) FX Payment Solutions and connected through Jack Henry’s Treasury Management platform. The integration enables community banks to offer their commercial clients the ability to initiate foreign currency wire transfers directly within their existing digital banking environment. FirstBank (FBK) is the first bank to go live on the DerivativeEDGE solution connected through JHA Treasury Management. FirstBank has been a Derivative Path client for five years, using the platform for interest rate derivatives, and the addition of international payments represents a deepening of that relationship.