American Express and Goldman Sachs to Provide Integrated Digital Payments Solution for Corporate Clients

  • This new innovative product will support multiple payment options, making B2B payments easier and more efficient for large companies.  

New York, NY - October 20, 2021 - American Express and Goldman Sachs Transaction Banking (TxB) today announced a collaboration to provide large corporate clients with a cloud-based payments solution that will seamlessly support multiple payment options and offer data and analytics in one integrated platform.

“A major pain point for our large commercial card clients is managing multiple platforms and myriad time-consuming, costly and complex processes to make, track, and reconcile thousands of payment transactions every day,” said Dean Henry, Executive Vice President of Global Commercial Services at American Express. “We are pleased to partner with Goldman Sachs to modernize these outdated legacy B2B payment processes. Together, we are setting a new standard in transaction banking for big business by offering access to faster payments and real-time tracking that can increase efficiency and reduce costs.”

The collaboration joins Goldman Sachs’ sophisticated TxB platform with American Express’ deep card expertise and direct buyer and supplier relationships to create a powerful digital treasury solution for large corporations.

The solution will embed American Express’ virtual Cards for the first time into the Goldman Sachs TxB platform, which already offers ACH, wire, and foreign currency payments.

“We developed the Goldman Sachs TxB platform to provide our clients with a modern cash management platform that is digital, nimble, easy to use, and secure – bringing a consumer-grade user experience into the world of B2B payments. We are thrilled to further this mission by working with American Express to expand our payment platform, enabling clients that are American Express Corporate Card Members to make card payments and drive efficiencies in their supplier payment experiences,” said Hari Moorthy, Global Head of TxB at Goldman Sachs.

Both companies have deep institutional relationships and expertise in providing innovative financial products and services to large and global corporate clients. American Express’ Global Commercial Services team has been a pioneer and leader in commercial cards for over 50 years, holding relationships with nearly 60% of Fortune Global 500 companies and delivering a broad range of digital B2B payment products and capabilities. Goldman Sachs TxB offers premier API-first corporate cash management, with domestic and FX payments capabilities and liquidity management products supported by Goldman Sachs’ FX franchise and the balance sheet of Goldman Sachs Bank USA.

This new integrated payment solution will include: 

  • A simple “one flow” process that combines payment activity, both virtual card and non-card, into a holistic set of B2B payment instructions. This helps generate operational efficiencies, eliminates duplicative manual processes, and reduces bank fees often incurred due to multi-file initiation.  
  • Goldman Sachs TxB’s Intelligent Payments Engine, which will route payments to a particular payment channel in a manner that optimizes a buyer’s preferences based on speed and cost.
  • Buyer and supplier access to dashboards that provide spend data and analytics, as well as real-time updates on payment statuses.
  • Actionable insights that will enable corporate CFOs to make more informed decisions for their companies.

The solution is currently available to select clients and anticipated to launch for general availability in early 2022.


About American Express

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success.

About Goldman Sachs Transaction Banking

Goldman Sachs Transaction Banking, through Goldman Sachs Bank USA, is building a modern, digital-first, and cloud-based business to help clients build the future of their Treasury. The business combines the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up.


The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.


Goldman Sachs Contact:
Sebastian Howell
Tel: +44(20)7552-5821