Goldman Sachs Transaction Banking has developed internal APIs that link into the firm’s existing core infrastructure to streamline global payment capabilities for its clients at scale.

The financial institution’s Transaction Banking business helps treasurers and chief financial officers store and move liquidity globally in a way that can be tracked in real time through API connections, Brinda Bhattacharjee, chief operating officer for Transaction Banking in platform solutions at Goldman Sachs, said Friday at the Bank Automation Summit U.S. in Charlotte, N.C.

“Where the majority of our time has been spent in the last two years … is bringing the rest of the firm’s technology along for this API cloud-native journey,” she said.

The platform works with treasurers directly from large corporations and with intermediate fintech platforms for medium-size corporations, Bhattacharjee said.

The APIs “end up being relevant in the context of how a client will instruct us to send their payments, and it also ends up being pretty relevant in the context of how our clients are able to monitor where their payments are in their journey of going from their bank account all the way to their beneficiary’s bank account.”

Additionally, when the platform developed its APIs, it “did so in a way where the documentation is available to the developer community that we work with, so that they have full visibility into this from the get-go,” Bhattacharjee said.

Stay up to date with all the news out of the Bank Automation Summit US 2023.