Congratulations to more than a dozen Galileo clients who have made headlines recently in the U.S., Canada and the UK. See a sampling of headlines and articles below from our roster of leading fintechs worldwide.
Many fintech and challenger bank clients recently announced funding rounds, including KOHO, BlueVine and Greenlight.
Canadian neobank Koho’s Series B funding round secures additional $25 million (Crowdfund Insider)
Bluevine Capital raises $102.5M to scale business banking platform (Mobile Payments Today)
Greenlight raises $54 million for a debit card that teaches kids financial literacy (Venture Beat)
Other clients, like Revolut, Robinhood and Monzo, were named for various recognitions and awards.
Revolut named UK’s fastest-growing technology company (AltFi News)
Robinhood ranked #7 on LinkedIn’s top startups to work for in the U.S. list (CNBC)
Monzo tops ‘most recommended’ brand list for Brits (The Drum)
Several other fintech clients, including Remitly, Varo, TransferWise, Shipt and SoFi were in the news for other milestones, partnerships and announcements.
Remitly launches Passbook, a neobank aimed at immigrants (TechCrunch)
Varo moves closer to becoming a bank (Wall Street Journal)
TransferWise reports profits third year in a row (Tearsheet)
Shipt teams with Sur La Table (Progressive Grocer)
SoFi teams up with Mastercard on debit card, payment products (PYMNTS.com)
New fintech research from FT Partners highlights Varo, Aspiration and more (FT Partners)
We’re proud to be the API standard for card issuing programs and fintech innovation for these and other clients worldwide.
Banks can’t duct tape their way out of legacy system failures. Core modernization is a business imperative
Legacy banking systems create mounting operational risks and innovation constraints, with "duct tape" fixes leading to frequent outages and inability to compete with agile fintechs. Ritesh Rihani from Galileo and John Kraper from PwC discuss incremental transformation strategies, talent challenges, and unlocking data-driven banking through modern API-based architecture and event-driven systems.
How to serve customers better at the point-of-decision ft. Galileo’s CEO Derek White
30% of customers are pulling out debit cards when making purchases at major travel and entertainment brands. The co-branded debit card presents a new opportunity or brands to deepen customer relationships while addressing the preferences of a generation that increasingly chooses debit over credit.
SoFi Tech Platform Drives Revenue Growth, Expands Beyond Financial Services in Q2
SoFi's Technology Platform segment achieved strong 15 percent revenue growth, expanded into new sectors, and powered innovation across the company in Q2.
Galileo Drives SoFi's Seamless Fintech Integration and Expansion
Since acquiring Galileo Financial Technologies in 2020, SoFi Technologies, Inc. SOFI has deepened its fintech infrastructure by integrating Galileo’s payment processing and tech capabilities across its growing suite of offerings.
Modern Banking Starts With Mindset Before Tech
Despite massive investments in digital transformation, a persistent gap between operational stability and forward-looking innovation continues to stall progress.