Goldman Sachs and Form3 launch cross-border solution

Goldman Sachs Transaction Banking (TxB) and payment tech provider Form3 have announced a new FX and payments solution.

Form3 said its platform will use TxB’s cross-border payments and foreign exchange (FX) execution capabilities to “introduce a value-added service” to its regulated financial institution customers.

“We are excited to deepen our relationship with Form3 and provide global FX and payments capabilities to meet the needs of their fast-growing clients,” said Art Brieske, Goldman Sachs’ global head of payments products. “With our innovative technology platform, we have been able to simplify the payment experience for our clients and their customers.”

The new solution, which is powered by TxB APIs, will give access to real-time FX rates alongside payment execution and tracking.

“As the leader in cloud payment technology, our growth strategy evolves around new business opportunities and solving customer challenges,” said Michael Mueller, Form3, chief executive. “By working with Goldman Sachs Transaction Banking, Form3 was quickly able to add FX payment functionality within our ecosystem, enabling our clients‘ global growth and expansion as well as ours.”

    Share Story:

Recent Stories

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.