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.
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.
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.
Galileo Lança Capacidades de Transferência Eletrônica
A Galileo Financial Technologies introduz capacidades de transferência eletrônica para fintechs, oferecendo movimentação rápida e segura de dinheiro através do Fedwire via integração de API. Este serviço atende à crescente demanda por transações rápidas, aprimorando a capacidade das fintechs de atender consumidores e empresas com soluções financeiras escaláveis e seguras.
Consumidores usan crowdsourcing financiero; bancos arriesgan su estatus
Um novo estudo da Galileo Financial Technologies e Datos Insights revela que 85% dos consumidores têm experiências positivas com sua instituição financeira principal, mas estão usando tantos serviços de outros provedores quanto de sua IF principal, colocando os bancos tradicionais em risco de perder seu status principal.
Galileo Destaca sua Plataforma Completa de Tecnologia Financeira no Chile Fintech Forum 2024
Participe do Chile Fintech Forum 2024 com a Galileo Financial Technologies, onde apresentaremos nossas soluções de processamento de pagamentos baseadas em API, projetadas para impulsionar a inovação financeira na América Latina. Explore nossa tecnologia de ponta e conheça nossa equipe de especialistas.