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

October 19, 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/.

July 30, 2025

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.

See More
July 15, 2025

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.

See More
July 15, 2025

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.

See More
July 15, 2025

Subscription Economy Projected To Hit $1.2 Trillion by 2030

Many consumers may feel overwhelmed by their subscriptions, but that doesn’t seem to be stopping the practice from growing. According to a report released Monday by London-based Juniper Research, the subscription economy will nearly double in the next five years to US$1.2 trillion, from $722.5 billion in 2025.

See More
July 15, 2025

Are You Rewarding The Right Customers? Here's How To Close The Loyalty Gap

Consumer needs have outpaced the financial solutions built to serve them. Most Americans use debit as a primary payment method—more than 90% of U.S. adults have a debit card—but they're not getting rewarded for their spend or brand loyalty.

See More