Form3 launches cross-border payment services with Goldman Sachs
London based payments technology company, Form3 and Goldman Sachs Transaction Banking (TxB) have announced that clients using Form3 services would be using Goldman’s services which use API integration that aims to deliver FX solutions and payment capabilities to Form3’s banking clients.
As per the statement, Form3 provides FX services in 124 currencies across 163 nations. The company will leverage Goldman’s cross-border payments and Foreign Exchange (FX) execution capabilities for the introduction of value-added services to its regulated financial institution clients.
Last year, Mastercard and Form3 partnered for real-time payments and following that the company formed a partnership with BPC on cloud-based payments processing solution.
This solution is built upon Goldman’s application programming interface (API) and the clients using the Form3 services would indirectly access the API by Goldman to have “competitive, real-time FX rates coupled with payment execution and tracking capabilities”. This functionality will be integrated into Form3’s platform providing users with the added choices to their payment methods.
The company noted that “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”.