Integration streamlines authentication of bank accounts for mutual clients.
Galileo announced its integration with Plaid today, giving Galileo clients a streamlined experience in the bank authentication process for its customers.
With this integration, joint clients of Galileo and Plaid may offer their customers an easy way to connect their bank accounts and initiate ACH transfers.
“Our new integration with Plaid supports our mission to remove the complexities of payment processing, so our clients can focus on innovation and the customer experience,” said Clay Wilkes, Galileo CEO. “Leveraging Plaid’s technology, we’re excited to offer a simplified process for our clients and minimize ongoing requirements to initiate ACH transfers.”
With connections to more than 11,000 financial institutions, Plaid enables fintechs and app providers to seamlessly access consumer-permissioned data needed to deliver financial products and services. With this latest platform integration, Galileo clients can enable their customers to conveniently authorize the transaction that initiates an ACH transfer.
“Today’s consumers expect the convenience of accessing all their bank information—from multiple banks and neobanks—from their financial apps,” added Wilkes. “Plaid has removed the complexity of meeting that expectation by making it simple for developers to authenticate customers’ bank accounts.”
The benefits to Galileo clients include:
Easier integration. Clients must still integrate with both Galileo and Plaid, but the Plaid integration is simplified tremendously.
Safer. Only tokens are passed between Plaid, the app and Galileo, so no customer data is exposed.
Simpler. Clients avoid having to do their own ID and balance checks, and retaining sensitive customer data on their systems.
The integration also benefits the sponsoring banks associated with the accounts, because the routing and transit number is verified before they receive the transaction, ultimately minimizing transaction risk.
“ACH payments have become increasingly popular for many consumers; a trend accelerated this year during the COVID-related shift toward ecommerce and away from brick-and-mortar retail experiences,” said Lowell Putnam, head of partnerships, Plaid. “However, the infrastructure and user experience around these payments hasn’t kept up with this new demand, which is why we’re excited to work with Galileo to provide a faster and easier experience for their clients to offer ACH transfers securely.”
To get started, check out the documentation at plaid.com/docs/galileo.
About Galileo
Galileo, the API standard for card issuing, virtual card solutions and digital banking, is a global payments platform that powers world-leading fintechs, challenger banks, neobanks, financial services and investment firms by removing the complexity from payments. Galileo makes it fast and easy for many types and sizes of businesses to innovate and deliver amazing financial services user experiences to their customers through our Galileo Pro and Galileo Instant Solutions. Headquartered in Salt Lake City, Galileo has offices in Mexico City, New York City and San Francisco.
Contact us to learn more!
As 10 principais empresas de embedded finance que impulsionam pagamentos, bancos e empréstimos
A Galileo Financial Technologies fornece a infraestrutura que permite a empresas de fintech e outras plataformas oferecer produtos bancários, programas de cartões e soluções de pagamentos integrados aos seus utilizadores.
Galileo afirma que o crédito garantido está pronto para voltar
Os cartões de crédito garantidos, em teoria, são um produto extremamente útil, especialmente para consumidores com acesso limitado aos serviços financeiros. Na prática, porém, eles têm sido prejudicados por obstáculos como processos de onboarding complicados, contas de garantia bloqueadas e um estigma que afastou muitos consumidores. "O produto em si nunca foi o problema", afirmou Shankar Pandravada, diretor sênior de Gestão de Produtos da Galileo Financial Technologies, ao PYMNTS. "A experiência era o problema."
Prashant Shah | Vice-presidente de Gestão de Produtos | Galileo – Cavalgando com os Cowboys do FinTech
Os cartões de débito podem ser a próxima grande oportunidade para reforçar a fidelização dos clientes. Prashant Shah explica como as finanças integradas e os programas de recompensas associados aos cartões de débito estão a transformar as estratégias de fidelização no setor bancário e porque os primeiros a adotar estas soluções, especialmente os bancos comunitários, têm potencial para conquistar uma vantagem competitiva.
Usuários de débito nos EUA aumentaram os gastos com viagens e restaurantes nesta primavera, apesar dos desafios econômicos
Os usuários de cartões de débito nos Estados Unidos aumentaram os gastos com restaurantes e viagens com a chegada do clima mais quente, impulsionados em parte pela temporada de restituição de impostos, de acordo com o Índice de Gastos com Débito do 1º trimestre de 2026 da SoFi Tech Solutions. As transações em restaurantes e fast-food cresceram 18% no trimestre.
SoFi Tech Solutions Financial Technologies permite que a SoFi envie e receba pagamentos via FedNow Service
SoFi habilita pagos instantáneos 24/7 con FedNow®, permitiendo enviar y recibir dinero en segundos mediante la plataforma de SoFi Tech Solutions.
