Form3 announced partnering with Goldman Sachs Transaction Banking

By Joy Dumasia

Goldman Sachs Transaction Banking (TxB) and Form3, the leading cloud-native payment technology provider, announced a new solution that delivers FX and payments capabilities to Form3’s banking clients.

Form3’s platform will leverage TxB’s cross-border payments and Foreign Exchange (FX) execution capabilities to introduce a value-added service for Form3’s regulated financial institution customers.

Powered by TxB’s APIs, the offering will provide Form3 customers with competitive, real-time FX rates coupled with payment execution and tracking capabilities. The functionality is integrated into Form3’s platform, providing users with added choice and flexibility to their payments. Against the backdrop of an increasingly dynamic market for cross border payments, TxB is helping Form3 customers scale their international offering with additional FX and payments functionality.

Michael Mueller, Form3’s CEO, commented: “As the leader in cloud payment technology, our growth strategy evolves around new business opportunities and solving customer challenges. By working with Goldman Sachs Transaction Banking, Form3 was quickly able to add FX payment functionality within our ecosystem, enabling our clients’ global growth and expansion as well as ours.”

Art Brieske, Goldman Sachs‘ Global Head of Payments Products, commented: “We are excited to deepen our relationship with Form3 and provide global FX and payments capabilities to meet the needs of their fast-growing clients. With our innovative technology platform, we have been able to simplify the payment experience for our clients and their customers.”

Recently, IBS Intelligence reported that Form3, a leading cloud-native payment technology provider, announced it had strengthened its Executive Management team to expand its geographical footprint and product offering in the US, to capture market opportunities in payment technology.