Transaction banking is one of the most mature and competitive businesses in the financial services industry and is now rapidly evolving. Marred by the legacy technologies and outdated systems, the experience offered to enterprise customers had not evolved. Goldman Sachs sensed a great opportunity to create a global transaction banking platform that was nimble, secure, and easy for clients to use, and for partners to connect to.
Luc Teboul, MD and Head of Engineering – Transaction Banking, Goldman Sachs talks to Kapol Tandon, Business Head – Americas, Infosys Finacle about what differentiates their TxB from that offered by incumbents.
With a strong technology background, a good risk management practice, a strong balance sheet, and more importantly credible client relationships – Goldman Sachs has brought in distinct advantages that none of the new entrants in this space could dream of bringing to the table. This was the first ever cloud native transaction banking platform and has benefitted the bank in more than one way.
Luc Teboul, MD and Head of Engineering – Transaction Banking, Goldman Sachs talks to Kapol Tandon, Business Head – Americas, Infosys Finacle about the cloud native TxB platform they have built and its long term benefits.