SALT LAKE CITY – (April 13, 2023) – Central Payments, architect of the award-winning Open*CP Fintech API Marketplace SM and ‘REAL’ Banking-as-a-Service (BaaS) provider, announces a long-term processing services renewal with Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI). The extended agreement ensures that programs delivered through Open*CP enjoy robust and scalable processing capabilities well into the future.
“We refer to Open*CP as an API Marketplace because we are committed to enabling choice for users among top industry providers, said Eric Cotton, Executive Vice President, General Manager at Central Payments. “Galileo was the first payments processor in the ecosystem because of our long working relationship and shared vision to the future of embedded payments and financial technology.”
Today, Open*CP powers large-scale programs with enterprise companies who have launched transformative financial products. Cotton adds: “Our contract extension ensures that Galileo will continue to be a material part of our success in powering large, embedded finance programs for a growing list of enterprise clients.”
“As a leading enabler of BaaS and embedded finance, Galileo, and companies like Central Payments, are transforming the way financial services are delivered,” said Seth McGuire, Chief Revenue Officer at Galileo. “Our API-forward approach and scalable, extensible platform enables innovative brands to build the next generation of financial products to meet customers at their point of need.”
About Galileo Financial Technologies
Galileo Financial Technologies, LLC is a financial technology company that enables fintechs, financial institutions, emerging and established brands to build differentiated financial solutions that deliver exceptional, customer-centric experiences. Through modern, open APIs, Galileo’s flexible, secure, scalable and fully integrated platform drives innovation across payments and financial services. Trusted by digital banking heavyweights, early-stage innovators and enterprise clients alike, Galileo supports issuing physical and virtual payment cards, mobile push provisioning, tailored and differentiated financial products and more, across industries and geographies.
About Central Payments
Central Payments is Making Financial Experiences Better® by providing payments technology and issuing solutions for fintech and embedded finance businesses. The company’s Open*CP Fintech API Marketplace SM is one of the only ‘REAL’ banking-as-a-service (BaaS) payments platforms built by fintech bankers with issuing capabilities embedded. Open*CP’s vertical integration and its native-to-the-cloud technology are the drivers responsible for the rise to the fastest growing prepaid card issuer from 2015 to 2020*. The company also operates Falls Fintech, its startup fintech accelerator and produces Fintech Brews & News, a podcast devoted to helping bridge the gap between banking, startups, and the entire fintech industry. Visit central-payments.com and follow on LinkedIn for more information. * Source: The Nilson Report
Os bancos não podem remendar as falhas dos sistemas legados. A modernização do core bancário é uma necessidade empresarial
Os sistemas bancários legados geram riscos operacionais crescentes e limitações à inovação, com “remendos” levando a interrupções frequentes e à incapacidade de competir com fintechs ágeis. Ritesh Rihani, da Galileo, e John Kraper, da PwC, discutem estratégias de transformação incremental, desafios de talento e como desbloquear o banking orientado por dados por meio de arquitetura moderna baseada em APIs e sistemas orientados a eventos.
Como atender melhor os clientes no momento da decisão, com Derek White, CEO da Galileo
30% dos clientes usam cartões de débito ao fazer compras em grandes marcas de viagens e entretenimento. O cartão de débito co-branded representa uma nova oportunidade para as marcas aprofundarem o relacionamento com os clientes, ao mesmo tempo em que atendem às preferências de uma geração que cada vez mais opta pelo débito em vez do crédito.
SoFi Tech Platform Impulsiona Crescimento de Receita e Expande Além dos Serviços Financeiros no 2º Trimestre
O segmento da Plataforma de Tecnologia da SoFi alcançou um forte crescimento de 15% na receita, expandiu para novos setores e impulsionou a inovação em toda a empresa no segundo trimestre.
Galileo impulsiona a integração e expansão perfeita da SoFi no setor fintech
Desde a aquisição da Galileo Financial Technologies em 2020, a SoFi Technologies, Inc. (SOFI) tem fortalecido sua infraestrutura fintech ao integrar as capacidades de processamento de pagamentos e tecnologia da Galileo em seu portfólio crescente de soluções.
O Banco Moderno Começa com a Mentalidade Antes da Tecnologia
Apesar dos investimentos massivos em transformação digital, uma lacuna persistente entre a estabilidade operacional e a inovação voltada para o futuro continua a impedir o progresso.
