SALT LAKE CITY–(BUSINESS WIRE)–Galileo Financial Technologies, a leading financial technology company independently owned and operated by SoFi Technologies, Inc. (NASDAQ:SOFI), today announced that its API-enabled fintech powers Flyp. flyp is a banking app and digital wallet, with fun rewards, challenges and quests to attract, engage and retain customers. Thanks to its direct integration, Galileo’s underlying solution – complete with fraud indicators, analytical dashboards, etc. Flyp’s approach is resonating with consumers, as every penny counts right now, and many are looking for solutions that combine free or low-cost options with the seamless user experience they’ve grown accustomed to in their digital lives. .
According to the recent Galileo to research, 65% of consumers would choose integrated finance solutions for rewards or discounts, highlighting an opportunity for innovative user experiences and integrated finance solutions. Flyp launched its mobile banking app in March 2022 to meet these needs. To support modern banking customers, Flyp’s solution includes an engaging gamified rewards program, full Visa® debit card functionality, advance direct deposit functionality and free overdraft protection which will be delivered frictionlessly through the platform. specially designed form of Galileo.
“We recognized early on that Flyp’s processor needed to be best in class to ensure a seamless user experience and to be able to scale as we grew,” said BJ McAndrews, Founder and CEO of Flyp. “Galileo’s long history of fraud prevention and cutting-edge technology was the perfect fit to help acquire and retain Flyp users who are looking for a digital banking product that meets their everyday needs.”
Galileo’s cloud-based financial technology platform is designed with flexibility, speed and scale in mind, enabling new and established brands to launch innovative financial services that can adapt to changing customer needs. The integrations will work alongside Flyp’s design to combine easy-to-use services with financial literacy tools to deliver a modern mobile banking app and personal money management resources.
“Galileo’s expertise in driving innovation in the financial services industry, supporting new approaches to security, payments and financial inclusion, will help Flyp differentiate and scale rapidly,” said Derek White. , CEO of Galileo. “Together, Galileo will enable Flyp to continue to grow its digital banking business with a personalized, responsive and flexible program designed for the modern customer.”
For more information on Galileo’s platform and powerful APIs, visit www.galileo-ft.com.
About Galileo Financial Technologies
Galileo is a leading financial technology company whose platform, open API technology and proven expertise enable fintechs, emerging and established brands to create differentiated financial solutions that push financial boundaries. Galileo takes the complexity out of payments and financial services innovation by providing flexible and open API building blocks and a secure, scalable and scalable platform. Trusted by digital banking heavyweights, start-up innovators and enterprise customers, Galileo supports physical and virtual payment card issuance, push mobile provisioning and more, across all industries and geographies . Based in Salt Lake City, Galileo has offices in Mexico City, New York, San Francisco and Seattle.
Flyp is a Charlotte, NC-based FinTech that offers a modern, mobile, and social way to manage your finances. Flyp currently offers digital wallet with debit card, gamified rewards, financial literacy education, sweepstakes, gamified challenges, quests and plans to offer NFTs, crypto, etc.