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Using Big Tech to Boost Small Business
The Goldman Sachs Transaction Banking team (TxB) has developed solutions for B2B payments, liquidity management and working capital for corporate clients, partners and SMEs, using an innovative, cloud-based platform.
The solution began as a sketch on a whiteboard. It’s now a global platform that’s nimble, secure, real-time enabled and easy-to-use. It provides rapid client onboarding and account opening, plus secure mobile authentication with API-enabled solutions powered by rich analytics
Our vision: to deliver treasury management in a new way. Customers have easy access to cash management services, from interest-bearing bank deposits to quick and simple wire or FX transactions to move money. With contributions from teams across Goldman Sachs’ revenue and control-side divisions, we’ve reached a key milestone in the growth of our Transaction Banking business.