In an interview with The Fintech Times for its special Money20/20 edition, Galileo CEO Derek White explains how Galileo empowers creators and innovators to expand the financial frontier.
Helping people connect to their money has always been a passion for Galileo Financial Technologies CEO Derek White. In fact, it’s one of the reasons he took the helm of the Salt Lake City-based payments and fintech innovator in June 2021.
“My first real interaction with money was from the first business I started as a kid. My father was unemployed, and I handed over my paycheck as the only income for our family outside of unemployment," White says. “That was a pretty sobering experience. It had a huge impact on me and has been a big driver in my career and why I’ve focused on how to better connect people with their money."
As a veteran of global banking and ex-head of Google Cloud's financial services business, White brings an international perspective to his new role as well as an eagerness to help entrepreneurs and innovators build financial experiences that connect people and their money in unique and powerful new ways.
Galileo's platform and comprehensive, flexible APIs power some of the world's most successful fintechs with combined valuations exceeding $111 billion. Clients use the company's open APIs for everything from digital onboarding of new customers to restricting spend down to the individual merchant location level.
BUILDING THE FUTURE
Making dreams into reality is Galileo's speciality, with a platform that enables creators and, indeed, dreamers, to translate their ideas into sustainable businesses that solve problems and meet the evolving needs of consumers and businesses alike. “Galileo is for innovators who want to expand the financial frontier and build a better financial future for underserved populations or people who identify with a specific cause, or who want to embed financial services into their broader customer experience,” says White.
The platform offers a single connection to more than 55 endpoints of the financial services ecosystem—to networks, issuing banks, KYC providers, mobile wallets and more. By removing the complexity and lowering barriers to entry, Galileo lets these financial innovators build businesses that fulfill their mission and engage their customers in meaningful ways.
Read the entire issue.
A Galileo da SoFi é o futuro das finanças integradas?
O setor de finanças integradas está passando por um crescimento sem precedentes, com projeções de uma taxa de crescimento anual composta (CAGR) de 16,8% até 2029. Liderando esse avanço está a Galileo, a divisão de serviços financeiros B2B da SoFi Technologies.
Recompensas no débito disparam à medida que os consumidores mudam suas preferências de gasto
Programas de recompensas no débito, que foram significativamente reduzidos — em até 50% — logo após a Emenda Durbin limitar as taxas sobre pagamentos com cartão de débito, estão ganhando novo fôlego. Esse retorno está sendo impulsionado pelo crescimento contínuo do débito como método de pagamento preferido.
A Galileo transforma a SoFi na espinha dorsal das finanças integradas
A Galileo, divisão de serviços financeiros B2B da SoFi Technologies, Inc. (SOFI), está se consolidando como um dos principais motores de crescimento no mercado de finanças integradas em rápida expansão. Ao oferecer integrações perfeitas de pagamentos e crédito, a Galileo permite que empresas financeiras e não financeiras incorporem funcionalidades bancárias diretamente em suas plataformas.
Os cartões virtuais estão ganhando espaço. Veja o que os bancos precisam fazer a seguir
Essa mudança destaca o crescente conforto com os pagamentos digitais desde o início. Mas, embora o uso esteja aumentando, muitos bancos e instituições financeiras ainda têm dificuldade em explicar por que os cartões virtuais são importantes e como os consumidores podem se beneficiar deles.
Troca de Pagamento com Um Toque Dá Vantagem aos Bancos na Primazia da Conta
Prashant Shah, vice-presidente de gerenciamento de produto na Galileo Financial Technologies, desafiou o público da PYMNTS a lembrar de uma experiência recente de pagamento de contas, em que atualizar uma assinatura significava ter que correr atrás da Netflix, da Amazon — até mesmo da companhia de energia local — para acessar cada site individualmente e atualizar os dados de pagamento.
