The acquisition of derived paths reinforces the “main street” with
SAN FRANCISCO, March 24, 2021 (GLOBE NEWSWIRE) – Derivative Path, a leading provider of capital markets technology and derivative execution services to midsize US financial institutions, has acquired Monetics, a platform innovative debt management service for commercial real estate players. The transaction democratizes access to capital markets by streamlining the workflow between regional banks, credit unions and the thousands of commercial clients they serve, while opening up new revenue channels for major liquidity providers of Wall Street.
Derivative Path significantly expanded its operations following a $ 35 million Series B funding round in June 2020, led by FTV Capital. In 2021, it expanded its forex platform and reach to commercial borrowers.
Monetics technology allows users to digitize all aspects of their loan portfolios on a simple interface, eliminating the manual labor hours of referencing legal documents for the 300,000 commercial real estate loans, as well as tracking critical deadlines. the debt. Monetics clients can now access the industry-leading Derivative Path platform to seamlessly monitor their interest rate exposure while taking advantage of a broader set of capital markets services. Likewise, Derivative Path’s existing 130 midsize financial clients (and their clients) can now manage debt as well as derivatives on the platform.
“Our mission is to provide a unified capital markets experience for US businesses,” said Pradeep Bhatia, co-CEO of Derivative Path and former head of rate sales for financial institutions at Wells Fargo. “Until now, business customers could not centrally manage their debt and financial products. Our innovative platform not only improves operational workflow for our clients, but streamlines the support provided by Wall Street trading desks for potentially thousands of corporate borrowers.
“The opportunity to join the Derivative Path team was compelling, as it meets our clients’ needs for increased derivative capabilities and greater accessibility to capital markets,” said Adam Fischer, CEO of Monetics. “Not only does Derivative Path already provide the interest rate and currency hedging tools that are so vital to borrowers in the commercial market, but their vision for democratizing capital markets sums up everything we stand for.”
Derivative Path’s capital markets SaaS platform, combined with its advisory support, is designed as a complete end-to-end solution in which users have front, middle and back-office functionality on a single platform. form, thereby eliminating inefficiencies of working with disparate systems to manage operational workflow. It also automates regulatory compliance, hedge accounting, integrates real-time market data, automates swap data reporting, and confirms cleared transactions.
About the derivative path
Derivative Path is a leading provider of capital markets and derivatives technology services to help mid-size U.S. financial institutions, purchasing companies and commercial end users execute and manage their OTC transactions. over-the-counter on interest rate and exchange rate derivatives. Founded by derivatives industry veterans, Derivative Path is pioneering a solution for Corporate America to more efficiently and transparently access and trade debt and derivatives. For more information on Derivative Path, visit derivépath.com.
About electronic banking
Monetics is a Software-as-a-Service (SaaS) debt management platform that is revolutionizing the way borrowers, lenders, and commercial debt managers manage their loans. Monetics eliminates manual processes, delivers vital loan information in real time, and identifies untapped value through an all-in-one risk management platform. The company was founded by seasoned PropTech and real estate professionals to stimulate collective intelligence in the commercial lending ecosystem with the tools necessary to operate effectively and efficiently.
Simon hylson smith