Many of Galileo’s fintech and challenger bank clients are making headlines and taking action to show their support during this tough time. Below is a roundup highlighting how our clients—like Aspiration, BlueVine, Paysafe and SoFi—are doing their part to make an impact during the COVID-19 global pandemic.
• Americans Are Spending Their Coronavirus Stimulus Checks on Food, Gas and Paying Back Friends (CNBC)
• Aspiration Donates 3,000 Reusable Face Shield to LAC-USC Medical Center (LinkedIn)
• 34 Fintech Companies Aiding in Coronavirus Relief (Andreessen Horowitz)
• Combating COVID-19: Contactless Payments on the Doorstep (Paysafe)
Galileo is proud to be the API standard for card issuing programs and fintech innovation for these and other clients worldwide.
Banks Are Asking the Wrong Questions About Core Modernization
In the early 2000s, Netflix offered Blockbuster an opportunity to integrate its online DVD rental model for $50 million. Blockbuster, bullish on its retail dominance, dismissed the offer, scoffing at the idea that digital and mail-based rentals could compete with its physical footprint. Blockbuster became a relic, while Netflix grew into a $433 billion global company.
Choosing the Best Banking Option Isn’t Always Easy
Choosing the right banking option can be complex, with consumers weighing features like fees, accessibility and digital tools across traditional banks, credit unions, online banks and fintech firms.
Banks Need to Predict Customer Experience to Combat Fraud
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 technologies. The flip side is ensuring that the customer experience is seamless through the entire journey with the bank.
Relationship Fragmentation is Killing Loyalty: How Should Banks Respond?
Banks have long believed that delivering core banking services inevitably leads to ownership of their customers' full financial needs. That's becoming a dangerous myth, according to a new report on emerging consumer behaviors across multiple generations.
SoFi Wants Tech Platform to Be AWS of Financial Services
SoFi Technologies’ leadership wants the company to become the “Amazon Web Services” (AWS) of FinTech. What that means is a lot of investment into technology and digital product innovation. The company’s latest quarterly earnings results released Tuesday (July 30) revealed good progress on that front, and showed that a lot can change in a year.
