Goldman Sachs Expands Transaction Banking to EU

Goldman Sachs offers its API-based Transaction Banking (TxB) platform to EU corporates

Goldman Sachs EU

Goldman Sachs Expands Transaction Banking to EU. Source: unsplash

Goldman Sachs announced it brings the Transaction Banking experience to clients with treasury needs in the European Union. The service launched in the US in 2020 and expanded to the UK in 2021. The current move will deepen Goldman Sachs’ relationships with existing clients and serve new clients across the continent.

TxB will start with a new location in Frankfurt, with plans to expand to Amsterdam. It will serve clients’ treasury needs, including deposits and payments into over 160 countries in more than 120 currencies.

The platform is cloud-based. Besides, it provides clients with visibility into their accounts, payments, and liquidity positions across currencies and countries.

To date, TxB has served more than 400 clients, accepted over $65 billion in deposits, and processed trillions of dollars through its systems.

“We understand the challenges of running a complex global treasury operation, and built our platform to be nimble, secure and easy-to-use to support clients as they run and grow their businesses.”
Hari Moorthy, global head of TxB

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