Cash & Liquidity Management
Published  4 MIN READ

Salute the New Age

Legacy-free Transaction Banking at Goldman Sachs


New Technology Innovation Solution

A consumer-grade experience is at the heart of Goldman Sachs’ first ever transaction banking platform. It’s a bold new venture, but the bank’s digital-first agenda has given it a flying start – worthy of TMI’s 2020 New Technology Innovation Solution Award.

When Goldman Sachs announced that it was entering the global transaction banking arena, anticipation among the treasury community ramped up a notch. Not least when the bank revealed it would be offering a ground-up digital build, having called upon a “cognitively diverse” global development team to respond to the escalating needs of its corporate clients.

Time will tell if Goldman Sachs’ Transaction Banking (TxB) will change the playing field for corporate treasurers, as the bank hopes it will. But the TMI Awards judges unanimously agree that the solution is the worthy winner of the New Technology Innovation Solution category for 2020.