Goldman Sachs is to collaborate with Publicis Sapient for the rollout of a new banking platform.
As part of the multi-year collaboration, the digital business transformation hub of Publicis Groupe is partnering with Goldman Sachs US to support the roll out of a cloud-native transaction banking platform.
The Goldman Sachs Transaction Banking platform is developed via an API-first approach and will provide innovative products like Virtual Integrated Accounts with enhanced capabilities and features.
The platform is US-based for now and will expand to Europe and Asia starting next year.
David Donovan, executive vice president at Publicis Sapient in America, said: "Given Publicis Sapient is a digital leader in the financial services space, we are thrilled to work with Goldman Sachs to support the roll-out of their cloud-native transaction banking platform, which is the first all-digital platform in the market."
Publicis Groupe has cash management operations and will leverage Goldman Sachs’ enhanced platform to manage some of its treasury operations.
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