Publicis Sapient collaborates with Goldman Sachs to build their new transaction banking platform

Publicis Sapient collaborates with Goldman Sachs to build their new transaction banking platform
29.07.2020 02:55 pm

Publicis Sapient collaborates with Goldman Sachs to build their new transaction banking platform

Transaction Banking

Publicis Sapient, the digital business transformation hub of Publicis Groupe, is very excited to have agreed to a multi-year collaboration with Goldman Sachs Bank USA (GS Bank), who has recently launched a cutting edge, digital-native cash, and payments services in the marketplace.

David Donovan, EVP, Publicis Sapient Financial Services Lead, America's said, "Given Publicis Sapient is a digital leader in the financial services space, we are thrilled to work with Goldman Sachs to support the roll-out of their cloud-native transaction banking platform, which is the first all-digital platform in the market."

The Goldman Sachs Transaction Banking platform is developed via an API-first approach and will provide innovative products like Virtual Integrated Accounts with enhanced capabilities and features. The platform is US-based for now and will expand to Europe and Asia starting next year.

Publicis Groupe has sophisticated cash management operations and will leverage GS's enhanced platform to manage some of its treasury operations.

"Publicis Sapient has been a trusted collaborator supporting our digital capabilities, and we're excited that they've signed on to be a Transaction Banking client,” said Luc Teboul, Managing Director and Engineering lead for the Goldman Sachs Transactional Banking platform.

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