Goldman Sachs, the international investment bank, is expected to launch transaction banking services in Japan in the near future, and the company's CEO, David Solomon, is expanding his business of managing cash flow-related for large companies.。

On Wednesday local time, Goldman Sachs said in a statement that it will operate in Japan through the Tokyo branch of Goldman Sachs Bank of America.。Japan is the first country in Asia for Goldman Sachs to offer transaction banking services, according to Goldman Sachs。

Goldman Sachs began processing money for large companies in the United States in 2020 and subsequently introduced the business to the United Kingdom, Germany and the Netherlands in order to create a more stable revenue stream than in volatile areas such as trading and investment banking.。According to a company briefing, the number of large corporate clients has doubled since 2020 and now exceeds 450.。

According to the statement, the platform provides funding services for global companies in Japan, including cash management and cross-border payments to more than 160 countries, helping companies manage their accounts quickly and efficiently.。Goldman Sachs' banking unit obtained a license for its corporate cash management business from the Japan Financial Services Agency in 2021.。

A spokesman for the company said it has since been providing services such as US dollar settlements to Japanese companies overseas.。