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SoFi and Galileo: Fueling the Digital Future

May 14, 2020

The closing today of our transaction with SoFi is a milestone not just for our two companies but for what it says about the transition from physical to digital finance: The future of finance is digital. Together with SoFi, we’re fueling that digital future.

Via our APIs, Galileo already acts as the account of record, including creating and maintaining accounts, transactional ledger, connectivity to the payment networks, fraud, disputes, customer service and the back-office capabilities that enable our clients to launch world-class banking products. And everything we’ve created on the debit side, SoFi has accomplished in the credit arena—not just underwriting and assessing borrower risk, but in the digital application, funding and securitizing as well.

The day-to-day experience for Galileo clients won’t change, as Galileo continues to operate independently. But by bringing together our two complementary businesses, we’re realizing a vision for supporting clients with a comprehensive range of products that’s light years ahead of what others can provide. And, as always, Galileo is committed to confidentiality and protecting our clients’ data—including their customer data, product roadmaps, strategies and plans—from third parties. We will not share client data with SoFi, just as we don’t share a client’s data with any other client. We always have and always will respect the privacy of our clients’ data. It’s core to what we do.

We’re excited to be part of the SoFi family and together deliver the absolute best in financial services technology. We’re committed to help all our clients take advantage of a range of new products unequalled in the market.

Our shared commitment to reinventing and optimizing how digital finance is done today means the future starts now.

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.

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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.

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October 17, 2023

Introducing Corporate Credit for B2B Expense Management

Galileo Corporate Credit solution consolidates credit limits to deliver better spend visibility, and remove accounting complexities.

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October 10, 2023

Galileo First to Attain Multi-market Mastercard Certification in Latin America

Galileo announces Mastercard certification in five new Latin American countries, further solidifying commitment to accelerate digital transformation across region.

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October 5, 2023

Galileo Expands Buy Now, Pay Later Offering to Help Lenders Reach SMBs

Banks and fintechs working with Galileo can now provide responsible, intelligent installment financing options for SMBs seeking more flexibility for big purchases.

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