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

Follow Galileo
Follow Galileo LatAm

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.

Enjoy our Insights?

Recent Posts

August 8, 2023

Galileo’s AI-Driven Intelligent Digital Assistant Cyberbank Konecta Enhances SoFi Member Experience

SoFi has integrated Cyberbank Konecta into its existing tech stack, increasing member satisfaction and improving inquiry response time by more than 65%.

See More
July 31, 2023

Another Strong Quarter for SoFi Technology Platform, CEO Noto Projects More Growth Ahead

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 robust growth during the second quarter of 2023.

See More
June 13, 2023

Galileo Financial Technologies Partners with Plata Card to Support Credit Card Payments

Galileo Financial Technologies partners with Plata Card to revolutionize credit card payments in Mexico, driving financial inclusion and innovation. Discover the future of seamless transactions.

See More
May 18, 2023

Galileo Financial Technologies Joins AWS Marketplace

Galileo furthers commitment in offering innovative, accessible financial technology solutions, now listed on AWS Marketplace.

See More
October 18, 2022

T. Rowe Price Introduces Emergency Savings App to Financial Wellness Offering

'Waysaver' provides an automatic solution for employers to address a key barrier to employee retirement readiness – unanticipated financial demands.

See More