header icon
Solutions
header icon
Products
header icon
Platform
header icon
Developers
header icon
Company
English
GALILEO PAYMENT RISK PLATFORM NOW AVAILABLE TO THE ENTIRE FINANCIAL SERVICES ECOSYSTEM

Galileo Payment Risk Platform Now Available to the Entire Financial Services Ecosystem

19 de outubro de 2023

SALT LAKE CITY, October 19, 2023 – Galileo Financial Technologies, LLC, a leading financial technology company independently owned and operated by SoFi Technologies, Inc. (NASDAQ: SOFI), is now offering the Galileo Payment Risk Platform to the entire financial services ecosystem. This holistic fraud engine delivers real-time payment risk mitigation controls that allow any fintech or financial brand to proactively reduce fraud losses and minimize payment risks.

The Galileo Payment Risk Platform as a standalone solution allows companies not currently in the Galileo processing ecosystem to integrate Galileo’s fraud APIs to: 

  • Implement multi-channel, adjustable risk assessments and controls, based on a broad variety of levers available during real-time transactional decision-making

  • Offer custom tailored risk controls based on client risk appetite

  • Utilize advanced data elements embedded into enhanced rules and machine learning-based models, taking into account entities such as merchants, channels, geo-locations, etc.

  • Leverage network risk checks and assessments for fraud decisioning

With the U.S. real-time payments market projected to grow at a compound annual rate of 10.12% from 2022 to 2027, organizations need sophisticated AI and machine learning-based tools that provide real-time insights for companies to act on more than ever.

“In the fight against fraud, banks, fintechs and program managers are constantly solving for two key challenges: minimizing fraud losses and maintaining the ability to tune anti-fraud strategies to respond to new threats and elevate the customer experience,” said David Feuer, Chief Product Officer at Galileo.

“The Galileo Payment Risk Platform is designed to help financial brands do both by expanding and enhancing the availability of real-time fraud data and delivering technology tools that can allow in-house fraud teams to get ahead of emerging fraud patterns and reduce fraud losses.”
David Feuer
Chief Product Officer

The Galileo Payment Risk Platform was developed to seamlessly integrate through open APIs and employ cutting-edge AI and machine learning technology to deliver multi-layered authentication processes, dynamic fraud decisioning and real-time insights. Galileo's proactive approach to fraud mitigation combines the power of industry expertise, technology, and data. The Galileo Payment Risk Platform is designed to deliver actionable insights, derived from more than 100 million unique spending patterns, to improve payment fraud mitigation strategies and stop impending threats before they happen. 

For more information about the Galileo Payment Risk Platform, please visit galileo-ft.com/products/risk-and-compliance/.

11 de junho de 2024

Consumers Are Crowdsourcing Their Financial Services, While Banks Risk Losing Primary Status

Galileo Consumer Banking Report by Datos Insights uncovers the latest consumer banking behaviors and preferences

See More
14 de maio de 2024

Galileo Highlights its Comprehensive Financial Technology Platform at the Chile Fintech Forum 2024

This is Galileo's first event in Chile following the acquisition of the Argentine unicorn Technisys. As a pioneer in financial technology with 23 years in the industry, the firm offers unparalleled experience and scalability.

See More
29 de abril de 2024

Galileo Tops 150 Million Accounts in Another Strong Quarter

SoFi’s technology platform, which comprises Galileo Financial Technologies and the Technisys cloud-based core banking services platform, surpassed 150 million total enabled accounts saw continued year-over-year net revenue growth in the first quarter of 2024.

See More
16 de abril de 2024

Rapid Finance Taps SoFi and Galileo to Enable Small Business Financing

Learn about the new Rapid Access Mastercard by Rapid Finance, in collaboration with Galileo and SoFi Bank. Tailored for small businesses, this card offers flexible, instant access to funds, empowering SMBs with the financial solutions they need to thrive.

See More
19 de março de 2024

Galileo Launches BNPL Post-Purchase for Credit & Debit

The new BNPL post purchase offering helps banks and fintechs give consumers greater financial flexibility

See More