Finzly, a fintech provider of banking applications for payments, foreign exchange, trade finance and digital banking, has partnered with Derivative Logic, an independent hedge advisory, structuring and execution firm.

The partnership will give community and regional financial institutions the ability to gain a competitive advantage in the financial marketplace by providing interest rate hedging capabilities to commercial borrowers according to a release.

"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," Booshan Rengachari, founder and CEO, for Finzly said in the release. "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."