header icon
Solutions
header icon
Products
header icon
Platform
header icon
Developers
header icon
Company
English
Portuguese
GALILEO'S TECHNOLOGY POWERS H&R BLOCK'S NEW MOBILE BANKING APP, SPRUCE

Galileo's Technology Powers H&R Block's New Mobile Banking App, Spruce

14 de fevereiro de 2022

The full-suite app leverages Galileo’s powerful financial technology platform and flexible APIs to create seamless digital banking experiences for customers

The full-suite app leverages Galileo’s powerful financial technology platform and flexible APIs to create seamless digital banking experiences for customers

Galileo Financial Technologies, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced that its API-enabled financial technology powers Spruce℠, the mobile banking platform built by H&R Block (NYSE: HRB), which launched on January 20, 2022. Spruce includes a spending account with a debit card, a connected savings account that allows for specific budgeting goals, early paycheck availability and overdraft protection―all of which are delivered seamlessly through Galileo’s award-winning platform.

Spruce has entered the market at a time when consumers across demographics are adopting more digital banking solutions. In fact, 44% of U.S. consumers use digital-only banks as a primary or secondary account, while 61% of consumers say they are somewhat or highly likely to switch to a digital-only bank as their primary provider, Galileo research shows.

“Consumers are embracing digital financial services at an unprecedented pace,” said Derek White, CEO, Galileo Financial Technologies. “As a trusted brand built on more than six decades of experience in money management, H&R Block recognizes this behavioral change in consumer interaction with money and created Spruce to meet consumers where they are and to increase financial inclusion and stability for all.”

Galileo's cloud-based financial technology platform is built with flexibility, speed and scale in mind, enabling new and established brands to launch innovative financial services that can adapt to evolving customer needs.

“Helping customers have financial confidence is our ultimate goal at H&R Block. We want them to be able to easily, quickly and reliably access, deposit, transfer and grow their money through Spruce,” said Les Whiting, Chief Financial Services Officer at H&R Block. “When seeking a partner to help us launch and scale Spruce, Galileo was the right choice thanks to its decades-long history of supporting the world’s most innovative digital banks and financial services providers. We are excited to continue our collaboration with Galileo as we expand Spruce.”

Click here for the full release.

Spruce is a financial technology platform built by H&R Block, which is not a bank. SpruceSM Spending and Savings Accounts are established at, and the Spruce debit card is issued by, MetaBank®, N.A., Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard® and the circles design are registered trademarks of Mastercard International Incorporated.

25 de setembro de 2024

Galileo Lança Crédito Garantido com Financiamento Dinâmico

Descubra como o crédito garantido com financiamento dinâmico ajuda bancos e fintechs a oferecer soluções flexíveis de construção de crédito.

Ver Mais
10 de setembro de 2024

Galileo lança Verificação Instantânea de Conta e Pontuação de Risco com Aprendizado de Máquina

Novas ferramentas oferecem detecção de fraude em tempo real para fintechs, bancos e empresas, mantendo uma experiência de conta sem atritos para os clientes.

See More
27 de agosto de 2024

Galileo aprimora a oferta de gestão de despesas B2B com o Mastercard Smart Data

Como a Galileo Financial Technologies capacita clientes fintech como a Rho com o Mastercard Smart Data, melhorando a visibilidade dos gastos e simplificando a gestão de despesas para as empresas. Reduza erros, fraudes e trabalho manual com dados transacionais enriquecidos integrados de forma eficiente nos sistemas ERP.

Ver Mais
31 de julho de 2024

Plataforma Galileo impulsiona crescimento de contas no 2º trimestre

Descubra como a plataforma Galileo impulsionou o crescimento de contas no 2º trimestre com soluções inovadoras.

Ver Mais
29 de abril de 2024

Galileo ultrapassa 150 milhões de contas em mais um trimestre forte

A Galileo Financial Technologies superou 150 milhões de usuários finais no 1º trimestre de 2024, impulsionando o forte crescimento de receita da Plataforma Tecnológica da SoFi. Descubra como novos clientes e produtos inovadores estão alimentando essa expansão.

Ver Mais