header icon
Solutions
header icon
Products
header icon
Platform
header icon
Developers
header icon
Company
English
English
GALILEO SELECTED AS FINALIST FOR ‘BEST USE OF PAYMENTS DATA OR AI IN FINANCIAL SERVICES’ IN EPA’S 12TH ANNUAL EMERGING PAYMENTS AWARDS

Galileo Selected as Finalist for ‘Best Use of Payments Data or AI in Financial Services’ in EPA’s 12th Annual Emerging Payments Awards

August 1, 2019

Galileo Clients Glint, KOHO, SMI and TransferWise Also ‘Shortlisted’ for Awards

Galileo, the payments technology company powering the world’s leading fintechs, today announced that its nomination for “Best Use of Payments Data or AI in Financial Services” was named a finalist in the 2019 Emerging Payments Awards. Galileo Fraud Protection with AI is the industry’s most accurate fraud-focused artificial intelligence application, helping clients cut card fraud losses, minimize false positives and protect customers’ trust and data. Based on Mercator Advisory Group’s 2018 U.S. Benchmark Report, Galileo’s Fraud AI detection platform beats the competition by reducing card fraud losses more than 55 percent below the industry average. In addition to being honored individually by the judging panel of independent industry experts, five Galileo partners also were shortlisted for the most prestigious awards in emerging payments, including:

  • KOHO for Best Financial Inclusion Payments Programme 

  • SMI for Best B2C Payments Programme 

  • Glint for Best B2C Payments Programme, Best Collaboration Initiative and Most Innovative Mobile or Financial Services Payments Solution

  • Borderless Accounts by TransferWise for Best International Payments, Remittance or Use of FX

“Being shortlisted in the Emerging Payments Awards is a high honor because the competition is fierce and there are many strong competitors,” said Galileo CEO Clay Wilkes. “Having Galileo and our clients as finalists in 9 of 19 categories is tremendous validation of the power and flexibility of our platform and APIs to empower fintechs to build creative solutions that solve the world’s toughest payments challenges.” “Galileo has gone to the top of the league from the get-go,” added Tony Craddock, director general of the Emerging Payments Association. “We set up these awards to recognize excellence in payments over a decade ago. The payments playing field is global, so the competition is tough. I’m delighted to see Galileo’s innovation and quality being recognized amongst the most rigorous awards judging process in the industry.”

The 12th annual Emerging Payments Awards will be held on October 3 at the InterContinental London O2. The event will bring together the 850+ of the most senior opinion-formers and decision-makers from 25+ countries to celebrate quality, best practice and excellence in payments.

March 19, 2024

Galileo Launches BNPL Post-Purchase for Credit & Debit

The new BNPL post purchase offering helps banks and fintechs give consumers greater financial flexibility

See More
March 4, 2024

Galileo Expands Collaboration with The Bancorp to Offer Real-Time Payments via The Clearing House

Galileo and The Bancorp integration supports the seamless implementation of instant payments.

See More
February 1, 2024

Client Expansion, New Product Adoption Drives Q4 Growth

SoFi’s technology platform, which comprises Galileo Financial Technologies and the Technisys cloud-based core banking services platform, saw increases in net revenue and total enabled accounts during the fourth quarter of 2023.

See More
November 8, 2023

Product Uptake and Interest from FIs Powers Strong Q3

SoFi’s technology platform, which comprises Galileo Financial Technologies and the Technisys cloud-based core banking services platform, saw net revenue and total enabled accounts maintain growth during the third quarter of 2023.

See More
October 19, 2023

Galileo Payment Risk Platform Now Available to the Entire Financial Services Ecosystem

Companies outside of Galileo’s ecosystem can now leverage the proactive risk-scoring fraud engine and reduce payment and payment-related fraud.

See More