Galileo’s powerful payment processing platform fuels the most innovative fintechs, neobanks and companies worldwide. Check out a recent roundup of our clients in the news, highlighting new product launches, company expansions and new investments.
• BitPay announced its U.S.-based BitPay Wallet app users can provision the BitPay Card to their Apple Pay mobile wallet (Business Insider)
• Clair launched a Mastercard debit card to provide free wage advances to hourly workers (Yahoo! Finance)
• Oxygen CEO Hussein Ahmed wrote a featured article on the origins and value of fintech (Coruzant Technologies)
• TransferWise announced it’s renaming to Wise after it expanded to build a cross-border payments network (The Fintech Times)
• Mobility Capital Finance (MoCaFi) announced its capital investment from Mastercard to expand affordable financial service to underserved communities (Finextra)
• Ahead Financials CEO Anu Shultes was recognized on GV’s Impact List, highlighting 25 exceptional women for International Women’s Day (gv.com)
• Koho recently secured $70 million CAD in Series C financing to scale digital banking services (Fintech Finance)
• First Boulevard has raised $5M for its digital bank aimed at Black America (TechCrunch)
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.
Banks can’t duct tape their way out of legacy system failures. Core modernization is a business imperative
Legacy banking systems create mounting operational risks and innovation constraints, with "duct tape" fixes leading to frequent outages and inability to compete with agile fintechs. Ritesh Rihani from Galileo and John Kraper from PwC discuss incremental transformation strategies, talent challenges, and unlocking data-driven banking through modern API-based architecture and event-driven systems.
How to serve customers better at the point-of-decision ft. Galileo’s CEO Derek White
30% of customers are pulling out debit cards when making purchases at major travel and entertainment brands. The co-branded debit card presents a new opportunity or brands to deepen customer relationships while addressing the preferences of a generation that increasingly chooses debit over credit.
SoFi Tech Platform Drives Revenue Growth, Expands Beyond Financial Services in Q2
SoFi's Technology Platform segment achieved strong 15 percent revenue growth, expanded into new sectors, and powered innovation across the company in Q2.
Galileo Drives SoFi's Seamless Fintech Integration and Expansion
Since acquiring Galileo Financial Technologies in 2020, SoFi Technologies, Inc. SOFI has deepened its fintech infrastructure by integrating Galileo’s payment processing and tech capabilities across its growing suite of offerings.
Modern Banking Starts With Mindset Before Tech
Despite massive investments in digital transformation, a persistent gap between operational stability and forward-looking innovation continues to stall progress.
