The flexible and accessible testing environment simulates Galileo's live system
SALT LAKE CITY, Oct. 12, 2017 /PRNewswire/ -- Galileo, a payments innovator with a dynamic processing and program management platform for prepaid, debit and virtual transaction processing, today announced the release of its open APIs, enabling developers to experiment and test in a secure sandbox environment. Without signing an NDA, virtually anyone can immediately begin to code to the APIs.
Developers can unleash their creativity in the sandbox while business arrangements are finalized—helping to minimize launch time. "Our vision is to lead payments innovation to empower our clients to conquer their challenges and inspire them to achieve their goals. We opened up our environment so that developers can create, experiment and test drive features and functionality before making a buying decision," said Clay Wilkes, President and CEO of Galileo Processing. "Galileo has been a leading processor and program manager for almost twenty years and we are passionate about helping the payments industry grow and thrive. Opening our APIs is our commitment to our clients, future clients and the creative thinkers of the payments industry."
Galileo's APIs support even the newest fintech developers in creating innovative products and adding alert and authorization features that differentiate their creations—providing a more engaging user experience, embedding added security and expanding the universe of use cases.
The developer-centric design instantly creates code fragments, in popular programming languages, with a single click in for any API method or function, cutting development time. The sandbox simulates the Galileo operating environment, so developers—whether working at a startup, tech company or large bank —can code to the APIs and test their concepts at will.
"We were aware of Galileo's strong track record and were impressed with the extensive range of capabilities we were able to achieve working with their tech," said Colin Walsh, CEO of Varo Money. "In addition, the team at Galileo helped us cut our time to market utilizing their rich API suite."
Galileo can provide full stack support through its secure system to handle non-customer-focused activities, like network, bank connectivity, relationships, compliance, security, funds loading, identity checks and more, allowing clients to control and focus on their customer relationships and user experience.
The Spring Surge: New Galileo Debit Spend Index Charts Q1 Spend and the Year Ahead
American consumers spent cautiously on debit through January and early February before early tax refunds and spring weather sparked a March spending surge, according to the inaugural Galileo Debit Spend Index.
Why Gen Z’s Debit Card Push is Eating Into Credit Card Profits
For people worried about the economy and dealing with affordability issues, one option could be to tuck that high interest rate credit card aside and reach for a trusty debit card instead. To uncover the latest debit card trends, CardRates recently sat down with Paul Dunning, Vice President of Business Development at Galileo Financial Technologies, a fintech firm owned by SoFi. He explained why Gen Z consumers are turning to debit cards and expecting rewards, the compelling case for debit card rewards, and the appeal of debit cards for the debit-first consumer.
Half of Consumers Have Chosen One Brand Over Another Because Paying or Getting a Refund Was Easier
Consumer demand for financial services embedded within brand apps is outpacing brands’ ability to deliver, with most executives recognizing the gap. New research from Galileo Financial Technologies, soon to become SoFi Technology Solutions, found that 80% of brand executives say they plan to launch integrated financial services, but only 20% have done so thus far. The 2026 Galileo Integrated Financial Services Research Report, based on surveys of more than 2,000 U.S. consumers and 150 senior executives, shows that while consumers are already using features like saved cards, rewards, and instant refunds inside brand apps, most brands have yet to launch these capabilities.
Brand Executives Fear They’re Losing Customers to Rivals With In-App Financial Tools, Galileo Research Finds
Half of consumers have chosen one brand over another because paying or getting a refund was easier
Introducing SoFi Tech Solutions: A Unified Brand Built to Power End-to-End Financial Innovation
We’re evolving from Galileo to SoFi Tech Solutions to reflect the full scope of our platform. We deliver end-to-end infrastructure for fintechs, brands, and financial institutions, now backed by SoFi’s scale and resources. Our mission stays the same: support our clients’ growth while maintaining platform neutrality and strong data protections.
