Goldman Sachs has big plans for TxB, its new banking-as-a-service platform
- Goldman Sachs unveiled a new banking as a service platform targeting transaction banking clients.
- Speaking at Tearsheet's Embedded Conference last week, head of engineering Luc Teboul described his company's new platform.

Speaking at Tearsheet’s second annual Embedded Conference about the inspiration informing TxB, head of engineering at Goldman Sachs Transaction Banking, Luc Teboul said that Goldman looked at technology companies that have successfully developed and scaled products as a service. “At Goldman Sachs, we really focused on the idea of the financial cloud, really taking inspiration from how cloud providers have enabled a new era of technology products,” he said. “We hope to do exactly the same to financial services, and to enable a brand new set of players to innovate within the financial services space.”
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Embedded finance enables any business to incorporate banking services and products. Goldman Sachs’ new transaction banking-as-a-service platform, TxB, offers enterprise clients banking services that they can embed into their products and software platforms.
Goldman Sachs’ transaction banking APIs marry technology with banking services such as deposit payments, liquidity solutions, virtual accounts and escrow services.
Similar to Goldman Sachs’ other digital venture, Marcus, which offers personal loans and high-yield savings accounts to consumers, TxB aligns with Goldman Sachs’ digital strategy to expand its reach and businesses.
Speaking at Tearsheet’s second annual Embedded Conference about the inspiration informing TxB, head of engineering at Goldman Sachs Transaction Banking, Luc Teboul said that Goldman looked at technology companies that have successfully developed and scaled products as a service. “At Goldman Sachs, we really focused on the idea of the financial cloud, really taking inspiration from how cloud providers have enabled a new era of technology products,” he said. “We hope to do exactly the same to financial services, and to enable a brand new set of players to innovate within the financial services space.”
This content is available exclusively to Tearsheet Outlier members.
Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — $59/mo Already an Outlier member? Sign in to your account