American Express and Goldman Sachs Transaction Banking (TxB) announced a collaboration to provide large corporate clients with a cloud-based payments solution that will seamlessly support multiple payment options and offer data and analytics in one integrated platform. The collaboration joins Goldman Sachs? sophisticated TxB platform with American Express? deep card expertise and direct buyer and supplier relationships to create a powerful digital treasury solution for large corporations. The solution will embed American Express? virtual Cards for the first time into the Goldman Sachs TxB platform, which already offers ACH, wire, and foreign currency payments. Both companies have deep institutional relationships and expertise in providing innovative financial products and services to large and global corporate clients. American Express? Global Commercial Services team has been a pioneer and leader in commercial cards for over 50 years, holding relationships with nearly 60% of Fortune Global 500 companies and delivering a broad range of digital B2B payment products and capabilities. Goldman Sachs TxB offers premier API-first corporate cash management, with domestic and FX payments capabilities and liquidity management products supported by Goldman Sachs? FX franchise and the balance sheet of Goldman Sachs Bank USA. This new integrated payment solution will include: A simple ?one flow? process that combines payment activity, both virtual card and non-card, into a holistic set of B2B payment instructions. This helps generate operational efficiencies, eliminates duplicative manual processes, and reduces bank fees often incurred due to multi-file initiation. Goldman Sachs TxB?s Intelligent Payments Engine, which will route payments to a particular payment channel in a manner that optimizes a buyer?s preferences based on speed and cost. Buyer and supplier access to dashboards that provide spend data and analytics, as well as real-time updates on payment statuses. Actionable insights that will enable corporate CFOs to make more informed decisions for their companies. The solution is currently available to select clients and anticipated to launch for general availability in early 2022.