MIAMI, July 1, 2020: Technisys, the innovative digital banking technology company that empowers established banks to transform to digital and helps jump-start challenger, neo banks and fintech companies, has been ranked as a digital banking supplier in multiple areas of IBS Intelligence’s Annual Sales League Table (IBSI SLT) for 2020:
Technisys and the company’s Cyberbank Platform ranked as one of the top 2 ‘Regional Leaders’ for the Americas Technisys ranked top 5 worldwide in the ‘Pure-play Digital-only Segment’ Cyberbank Digital ranked top 5 worldwide in the area of ‘Digital Banking & Channels’ As one of the top two platform-suppliers for the Americas Region, Techinsys joins IBS Intelligence’s IBSI SLT Leadership Club. “We are pleased to welcome Technisys to the IBSI SLT leadership club. The SLT ranking is purely based on sales performance and hence, is a true barometer of market recognition. Congratulations, Technisys!” said Mr. V. Ramkumar, Sr Partner, IBS Intelligence.
“Technisys’s vision has always been to be the global leader in technology solutions for digital banking, and our ranking in multiple segments of the 2020 IBSI SLT is a major step towards realizing that vision,” comments German Pugliese Bassi, co-founder and CMO at Technisys. “We are thrilled that all the work we’ve put into developing our best-in-class dynamic API-centric Cyberbank platform and the strong relationships we have with our customers, is being recognized in this way.”
“We are 100% focused on growing our presence in North America even further,” continues Pugliese Bassi. “We are investing heavily and expanding our product portfolio to support banks and financial institutions in the US and Canada in their digital transformation efforts.” Detailed analysis and insights from the 2020 IBSI SLT are available in the June edition of the IBS Journal.
The Cyberbank Platform
Cyberbank is Technisys’s dynamic API-centric core and digital banking platform. The platform, based on the concept of ‘Structural Flexibility’, helps banks and FIs rapidly adapt to changing consumer behaviors and win with digital experiences that help them differentiate. Cyberbank Core enables banks and FIs to create new and innovative products and services based on powerful parameterization tools and a library of ready-to-use capabilities. And Cyberbank Digital enables banks to create digital ecosystems and build exceptional, responsive digital experiences. Note: This article was originally published on technisys.com which was acquired by SoFi Technologies in February 2022 and is the parent company of Galileo.
Is SoFi’s Galileo the Future of Embedded Finance?
The embedded finance sector is experiencing unprecedented growth, projected to continue growing at a compound annual growth rate (CAGR) of 16.8% through 2029. Leading the charge is Galileo, the B2B financial services arm of SoFi Technologies.
Debit Rewards Surge as Consumers Shift Spending Preferences
Debit rewards programs, which were significantly reduced by as much as 50% immediately after the Durbin Amendment capped fees on debit card payments, are now seeing new life. This comeback is fueled by the continued rise of debit as a preferred spending method.
Galileo Transforms SoFi Into the Backbone of Embedded Finance
Galileo, the B2B financial services arm of SoFi Technologies, Inc. SOFI, is emerging as a key engine of growth in the rapidly expanding embedded finance market. By offering seamless payment and lending integrations, Galileo enables financial and non-financial firms to embed banking capabilities directly into their platforms.
Virtual Cards Are Gaining Ground. Here’s What Banks Must Do Next
This shift highlights growing comfort with digital-first payments. But while usage is climbing, many banks and financial institutions still struggle to explain why virtual cards matter and how consumers can benefit from them.
One-Tap Payment Switch Gives Banks the Edge in Account Primacy
Prashant Shah, VP of product management at Galileo Financial Technologies, challenged the PYMNTS audience to remember a recent bill paying experience where updating a subscription meant having to chase down Netflix or Amazon — even the local power company — to log into each individual site to update payment details.
