Galileo’s powerful payment processing platform is fueling the world’s most innovative fintechs, neobanks and companies worldwide. Check out a recent roundup of our clients in the news, highlighting new valuations, product and geographic expansions, award recognitions and more.
• Fintech LendUp debuts bank for those struggling financially (The Business Journals)
• Robinhood, Remitly and Dave take all three spots on Inc. Magazine’s “Best in Business 2020” list for financial services (Inc.)
• Revolut launches mid-tier subscription plan (TechCrunch)
• UK challenger bank Monzo picks up an additional £60M in funding (TechCrunch)
• TransferWise plans to make 750 hires (Finextra)
• Bitcoin payments startup BitPay applies for national U.S. banking license (Forbes)
• TomoCredit CEO Kristy Kim named to Inc. Magazine’s Top 100 Female Founders (Inc.)
• Greenlight’s Tim Sheehan talks about its unicorn status and mission of ‘helping parents raise financially smart kids’ by shining a light on the world of money (Fintech Finance)
• Oxygen Bank raises $17 million in Series A round (SiliconANGLE); and founder and CEO Hussein Ahmed shares a typical day (Tearsheet)
• Mobility Capital Finance, Inc.’s founder and CEO Wole Coaxum pens an opinion piece on economic equality (Business Insider)
As the API standard for card issuing and digital banking, Galileo’s powerful payment processing platform offers the easiest way to create sophisticated payment card programs and digital banking solutions. For more news and insights, follow us on LinkedIn and Twitter.
One-Tap Payment Switch Gives Banks the Edge in Account Primacy
Prashant Shah, VP of product management at Galileo Financial Technologies, challenged the PYMNTS audience to remember a recent bill paying experience where updating a subscription meant having to chase down Netflix or Amazon — even the local power company — to log into each individual site to update payment details.
‘Trust me, I’m an algorithm’: How fintech is rebuilding customer confidence in the age of AI
Trust in financial services now means showing customers how AI works, ensuring it treats them fairly, and being upfront about data use.
What’s Happening With SOFI Stock?
The company’s strategic shift toward higher-margin revenue avenues through its Technology Platform (Galileo and Technisys) and Financial Services segments is attracting investor interest.
Galileo Debuts ‘Payment Switch’ for Easier Bill Pay
Galileo integrates another new solution, powered by Atomic, to help clients become the first choice for everyday spend and grow recurring revenue.
Behind SoFi's Technology Business
SoFi has built a booming business in banking, but how does the technology business work and scale?
