The US giant will launch Transaction Banking
In Brief
The offering brings new services to corporate and institutional clients via a digital-first cash management platform.
It features a growing suite of APIs to offer payments in more than 125 currencies, deposit accounts, escrow services ad liquidity solutions.
Since launching in the US last year, Goldman Sachs has attracted more than 250 clients, taking on over $35 billion in deposits and processing trillions of dollars through its systems.
What does this mean?
Goldman Sachs says there is significant scope to improve the cash management and payment processing set of services and it believes its global status makes it uniquely positioned to disrupt this market.
