Volante Technologies Aids Goldman Sachs with Digital Platform Launch
- Volante Technologies provided VolPay for the Goldman Sachs Transaction Banking platform.
Volante Technologies announced this Wednesday that it has been collaborating with Goldman Sachs Bank USA to help the multinational investment bank launch its digital transaction banking service.
Specialising in cloud payments and financial messaging, Volante Technologies provided Goldman Sachs with the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term technology which underpins the new digital banking service, which was built from scratch in the cloud. In addition to helping the bank launch its new service, Volante has become a client on the platform.
Commenting on the partnership, Luc Teboul, Managing Director and engineering lead for the Goldman Sachs Transaction Banking platform, said in the statement: “In launching digital transaction banking for our customers, we needed both cutting-edge functionality and the agility to meet ambitious targets.
“At the same time, we always aim to collaborate with companies who have the desire to be long term partners. Volante met our top criteria for an ideal collaborator: modern cloud-native technology, deep payments and transaction banking expertise, and the ability and flexibility to deliver against aggressive deadlines. We welcomed them as a client very early on in our journey.”
The Goldman Sachs Transaction Banking platform provides the bank’s corporate clients with a service that combines analytics, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term management, virtual accounts and payments. The platform is API-enabled.
Volante Technologies Provides VolPay to Goldman Sachs Platform
According to the statement from Volante Technologies this Wednesday, at the core of Goldman Sach’s service is VolPay, which has provided unified end-to-end processing of domestic and international payments, including foreign exchange (forex).
“We are delighted to be collaborating with an innovative and disruptive organization like Goldman Sachs,” added Uday Thakur, Co-founder & CTO, Volante Technologies, in the statement.
“This is truly a two-way street: our payments solutions and know-how have enabled Goldman Sachs to rapidly launch a superior cloud transaction banking service while they worked closely with us in the certification process with US domestic and cross-border payment networks.
“We are excited about the platform we have built, and the proof is in our decision to become Goldman Sachs Transaction Banking customers ourselves. We look forward to extending our collaboration in both directions, helping Goldman Sachs evolve their transaction banking roadmap while we benefit from their advanced payments, FX, and cash management services.”
Volante Technologies announced this Wednesday that it has been collaborating with Goldman Sachs Bank USA to help the multinational investment bank launch its digital transaction banking service.
Specialising in cloud payments and financial messaging, Volante Technologies provided Goldman Sachs with the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term technology which underpins the new digital banking service, which was built from scratch in the cloud. In addition to helping the bank launch its new service, Volante has become a client on the platform.
Commenting on the partnership, Luc Teboul, Managing Director and engineering lead for the Goldman Sachs Transaction Banking platform, said in the statement: “In launching digital transaction banking for our customers, we needed both cutting-edge functionality and the agility to meet ambitious targets.
“At the same time, we always aim to collaborate with companies who have the desire to be long term partners. Volante met our top criteria for an ideal collaborator: modern cloud-native technology, deep payments and transaction banking expertise, and the ability and flexibility to deliver against aggressive deadlines. We welcomed them as a client very early on in our journey.”
The Goldman Sachs Transaction Banking platform provides the bank’s corporate clients with a service that combines analytics, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term management, virtual accounts and payments. The platform is API-enabled.
Volante Technologies Provides VolPay to Goldman Sachs Platform
According to the statement from Volante Technologies this Wednesday, at the core of Goldman Sach’s service is VolPay, which has provided unified end-to-end processing of domestic and international payments, including foreign exchange (forex).
“We are delighted to be collaborating with an innovative and disruptive organization like Goldman Sachs,” added Uday Thakur, Co-founder & CTO, Volante Technologies, in the statement.
“This is truly a two-way street: our payments solutions and know-how have enabled Goldman Sachs to rapidly launch a superior cloud transaction banking service while they worked closely with us in the certification process with US domestic and cross-border payment networks.
“We are excited about the platform we have built, and the proof is in our decision to become Goldman Sachs Transaction Banking customers ourselves. We look forward to extending our collaboration in both directions, helping Goldman Sachs evolve their transaction banking roadmap while we benefit from their advanced payments, FX, and cash management services.”