Goldman Sachs & Modern Treasury show that future of money is software driven 💸; The Merge turned ETH into a security? 🤔; Web3 infrastructure is too hot to handle, or how to 4X valuation in 6 mos 🤯
FinTech is Eating the World, 19 September
And happy Monday! Today’s issue is brilliantly tailored for a productive start to the week. We’re going to look at the Goldman Sachs & Modern Treasury partnership which shows that the future of money is software driven (& why you should have an embedded finance strategy), The Merge that potentially turned ETH into security (but we can challenge that), and Web3 infrastructure which is too hot to handle, or how to quadruple your valuation in just 6 months (it’s one of the most interesting L1 Blockchains ever!). Let’s jump straight into the amazing stuff:
Goldman Sachs & Modern Treasury show that the future of money is software driven 💸
The partnership 🤝 Banking giant Goldman Sachs GS 0.00 is joining forces with FinTech Modern Treasury to bring embedded payments to corporate customers.
More on this 👉 Following the partnership, GS & MT will help joint customers seamlessly embed and scale domestic and international payments into their products.
Modern Treasury’s payment operations software platform will provide mutual clients with an integrated money movement solution, with payments powered by Goldman Sachs Transaction Banking (TxB).
The firms have jointly served clients since late last year, and now they are tightening the integration to offer users a unified product experience - clients will be able to open virtual accounts, leverage wire drawdowns through the joint solution, and access more support services needed to support today’s high-growth companies.
Why is this important? 🤔 The future o money is software-driven, and Goldman with Modern Treasury understand that. More importantly, embedded payments is one of the fastest growing FinTech verticals, so it would be foolish to ignore it. Here’s more on that + the takeaway: