Derivative Path Expands Partnership with FNBO to Introduce Advanced FX Payments Solution for Correspondent Bank Clients

New York, NY – May 30, 2024 – Building on a successful existing relationship, Derivative Path, Inc. and FNBO (First National Bank of Omaha) are delighted to announce the expansion of their partnership to introduce an advanced FX Payments solution tailored for correspondent bank clients. This collaboration builds upon the solid foundation of trust established through FNBO’s use of Derivative Path’s DerivativeEDGE platform and leverages each organization’s strengths to deliver innovative financial opportunities to the market.

The expanded partnership capitalizes on Derivative Path’s cutting-edge technology and FNBO’s extensive banking network to offer a differentiated FX Payments option designed to streamline international payment processes. By combining FNBO’s banking services with Derivative Path’s cloud-based platform, correspondent bank clients will have a solution that simplifies the complexities of cross-border transactions, offering features such as automated access to liquidity, real-time currency conversions, nostro account management and competitive FX quotes.

Zack Nagelberg, Chief Growth Officer at Derivative Path, emphasized the mutual benefits of the new solution: “We’re proud of the relationship we’ve built with FNBO over the last several years as we’ve helped them strengthen their interest rate derivatives capabilities. Extending our collaboration to include FX Payments for mutual depository clients further solidifies our shared vision for offering state-of-the-art financial solutions. Together, we’re setting new standards in the industry for efficiency and customer experience in international payments.”

Michael Salerno, Managing Director of Global Banking at FNBO, echoed Nagelberg’s sentiments, “Our collaboration with Derivative Path has already brought great value to our Rates Hedging Program. Incorporating the FX Payments solution was a natural next step. This move aligns with our commitment to innovation and excellence in banking services.”

The FX Payments product offers quick implementation, branding and white-labeling capabilities, and an intuitive interface, ensuring a seamless and efficient experience for banks and their customers. This strategic move demonstrates the commitment of FNBO and Derivative Path to innovation and client service in the financial sector.

For more information about the FNBO and Derivative Path partnership and the FX Payments solution, please visit FBNO and Derivative Path.

About Derivative Path

Derivative Path is an industry-leading team of capital markets and technology experts dedicated to empowering institutions of all sizes to manage a variety of risks and improve profitability. Our sophisticated, cloud-based platform presents scalable solutions that enable our clients to enhance interest rate, FX, and commodity derivatives programs, as well as international payments. For more information on Derivative Path’s expertise and advanced technology for the capital markets landscape, visit us here.

About FNBO

FNBO (First National Bank of Omaha), a subsidiary of First National of Nebraska, Inc. (FNNI), is one of the largest privately held banks in the U.S. and has been in business for more than 165 years. FNNI and its affiliates have over $30 billion in assets and 5,000 employees. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota, Texas and Wyoming, providing personal and business banking, mortgage, payment solutions, wealth management and more. As the great big, small bank founded in 1857, FNBO has maintained its commitment to customers and helping build strong communities. Learn more at FNBO.com and connect on Facebook, X and Instagram. Member FDIC.