Cloud-native paytech Form3 has partnered with Goldman Sachs Transaction Banking (TxB) to launch a new solution that supports foreign exchange (FX) and cross-border payments capabilities for its banking clients.
Powered by TxB’s APIs, the new offering is integrated into Form3’s platform and will provide customers real-time FX rates coupled with payment execution and tracking capabilities.
Form3 says its financial institution clients will be able to access FX payments in 124 currencies across 163 countries.
Form3 CEO Michael Mueller says the partnership with Goldman Sachs TxB forms part of the company’s growth strategy.
The pair say that against an increasingly dynamic market for cross-border payments, TxB is helping Form3 customers scale their international offering with additional FX and payments functionality.
“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,” Mueller says.
Goldman Sachs’ global head of payments products Art Brieske says the “deepened relationship” with Form3 has enabled the company “to simplify the payment experience for our clients and their customers”.