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.”

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