Digital financial services company SoFi says it has adopted its subsidiary Galileo’s cloud-based Cyberbank Core. This integration, announced Wednesday (Oct. 16), will power a variety of payment services for commercial clients, among them debit, prepaid, ACH and wire transactions, and associated banking services. Cyberbank Core...
Paying over time, traditionally a hallmark of short-term installment loans, is becoming an option where goods are paid for using money on hand and over several installments. Some banks are now offering customers the option to have their debit purchases become buy now, pay later...
Galileo Financial Technologies introduced a credit offering aimed at underbanked/underserved consumers. Secured Credit with Dynamic Funding is designed to simplify the secured credit process, making it easier for consumers to manage debit and credit accounts, while also reducing lenders’ risk by backing credit with secured...
Galileo has introduced a pair of anti-fraud tools for banks, FinTechs and businesses. The new tools, announced Tuesday (Sept. 10), are designed to offer real-time fraud detection and risk management services amid a surge in digital transactions and evolving cyber threats. First up is Galileo Instant Verification Engine...
August 07, 2024
If you were looking for another reason to appreciate core banking infrastructure, here it is. The buzz within the payments arena may be about instant payments, where we are and where we’re headed with the FedNow® Service now a year old. But as Galileo Financial Technologies Chief Product Officer David Feuer told PYMNTS, same-day, faster […]
June 27, 2024
There’s a misperception about bankers and banking. That misperception is that money — in all its forms — is the most important asset. The reality is that customers are the...
April 29, 2024
With the right technology, businesses can unlock critical insights hidden in their own customer data, Galileo CEO Derek White writes in the new PYMNTS eBook, “The Implications of Uncertainty.” ...
April 01, 2024
The cart doesn’t lead the horse, which is why payments innovations tend to check the boxes that end users need most. And sometimes the smallest boxes, or micro moments, can...
December 12, 2024
Mesh Payments has selected SoFi Bank as its sponsor bank and continues to partner with SoFi Technologies-owned Galileo Financial Technologies as its longtime payments processor. This partnership integrates Mesh Payments’ expense and card infrastructure with SoFi Bank’s financial framework and Galileo’s customizable API-based payments processing platform, the companies said in a Thursday (Dec. 12) press release. The combination […]
October 16, 2024
Digital financial services company SoFi says it has adopted its subsidiary Galileo’s cloud-based Cyberbank Core. This integration, announced Wednesday (Oct. 16), will power a variety of payment services for commercial...
September 25, 2024
Galileo Financial Technologies introduced a credit offering aimed at underbanked/underserved consumers. Secured Credit with Dynamic Funding is designed to simplify the secured credit process, making it easier for consumers to...
September 10, 2024
Galileo has introduced a pair of anti-fraud tools for banks, FinTechs and businesses. The new tools, announced Tuesday (Sept. 10), are designed to offer real-time fraud detection and risk management services amid a...
