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...
As digital solutions become more widely adopted, traditional financial institutions (FIs) face an escalating challenge from agile FinTech competitors. Younger consumers gravitate toward personalized financial services over the one-size-fits-all offerings of established banks, and FIs must rethink their strategies. According to a PYMNTS Intelligence report,...
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...
November 01, 2024
Today’s financial landscape is changing as embedded finance integrates banking services into everyday consumer experiences. This development is driven by brands stepping into roles traditionally held by banks, creating innovative and convenient financial solutions for consumers. A PYMNTS Intelligence Report, “Brands as the New Bankers: The Changing Face of Financial Services,” in collaboration with Galileo, […]
August 26, 2024
Forget everything you knew about fraud and fraudsters. Financial institutions must grapple with the dual challenge of countering increasingly sophisticated fraud attacks as fraudsters harness artificial intelligence and machine learning...
July 26, 2024
Only one name in the FinTech IPO Index posted earnings this week, as the overall group was down 1.95% through the past five days. Amid the headlines driving stocks higher...
June 12, 2024
Digital banking architecture is having a moment. Financial technology companies and consumer-facing neobanks are using it to create new features, applications and customer experiences. Regulators are focused on it as...
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 clients, among them debit, prepaid, ACH and wire transactions, and associated banking services. Cyberbank Core became part of Galileo’s offering when SoFi acquired Technisys in […]
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...
July 23, 2024
Galileo Financial Technologies now offers 3D Secure to help clients protect against card-not-present (CNP) debit and credit card fraud. The company’s new Galileo 3D Secure Access Control Server is available...
March 19, 2024
Galileo Financial Technologies has launched an expansion of its buy now, pay later (BNPL) offering. The company now lets banks and FinTechs offer cardholders new post-purchase installment payment options via their...
