Partnership positions institutions to better serve their commercial banking customers
CHARLOTTE, N.C. – August 31, 2020 – Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital banking, announced that it has partnered with Derivative Logic, an independent hedge advisory firm that provides proven hedge structuring and execution capabilities.
Recognizing the importance of offering specialty banking services to commercial banking customers, this partnership positions community and regional financial institutions to gain a competitive advantage in the marketplace by providing interest rate hedging capabilities to their commercial borrowers. In doing so, the institution effectively grows its fee income mix, reducing funding costs while growing net interest margins.
“Interest rate hedging services provide a true strategic differentiator for banks and credit unions as they compete for commercial customers,” said Jim Griffin, Managing Director, Derivative Logic. “Through our partnership with Finzly, we help small-to-mid-sized financial institutions overcome the complexity of offering these capabilities as we advise and assist our bank customers with pricing, swap documentation, compensation plans, negotiations with dealers, hedge accounting as well as assist with borrower-facing processes.”
“We see our mission as helping community banks and credit unions better compete in the marketplace by offering services and capabilities on par with – and even exceeding – those of much larger institutions,” said Booshan Rengachari, founder and CEO, Finzly. “By partnering with an industry leader like Derivative Logic, our financial institution customers, and their own commercial borrowers, benefit from access to world-class hedge advisory services that are proven to positively impact their balance sheets.”
About Derivative Logic
Derivative Logic, Inc. is SEC, MSRB and NFA registered as an advisory firm that helps borrowers of all kinds execute and manage their over-the-counter interest rate derivative and foreign exchange transactions. For more information, visit www.derivativelogic.com.
About Finzly
Finzly connects financial institutions with customers through a modern digital banking experience and an efficient, real-time payment services hub. Freeing financial institutions from core system limitations, Finzly’s open, cloud-based modern banking platform, BankOS, enables transformation and innovation at the speed of fintech. With freedom to adopt solutions from Finzly and third parties of choice, financial institutions can implement apps in three simple steps – subscribe, try and launch. Serving customers across North America, Finzly has been modernizing international banking and treasury management solutions since 2012. For more information, visit www.finzly.com.