Galileo Financial Technologies a Utah-based fintech platform enables small businesses with its payment platforms and open APIs that aid them to create modern card-based and digital financial solutions to serve the financial services ecosystem in the best possible way.
Galileo announced that its API-driven financial technology will empower Flyp, a banking app that renders gamified rewards, quests to attract, challenges, and many more things. Galileo Financial Technologies will strengthen Flyp’s growing gamified banking-as-a-service (BaaS) platform ambitions with its solution that analytics dashboards, fraud indicators, and more.
Galileo’s purpose-built platform will deliver Flyp’s solution that comprises full Visa debit card functionality, gamified rewards program, free overdraft protection, and early direct deposit functionality to support the needs of modern banking customers.
BJ McAndrews, Founder, and CEO, Flyp, stated, “We recognized early that Flyp’s processor needed to be best-in-breed to ensure a seamless user experience and be able to scale as we grow. Galileo’s extensive track record in fraud prevention and forward-looking technology was the perfect solution to help acquire and retain Flyp users who are looking for a digital banking product that meets their everyday needs.”
The cloud-based financial technology platform of Galileo is built with speed, scale, and flexibility, allowing emerging and renowned brands to launch innovative financial services that can easily cater to the growing needs of consumers. The integrations will work along with Flyp’s design to merge easy-to-use services with financial services tools to provide a new-age mobile banking app.
Derek White, CEO, Galileo, commented, “Galileo’s expertise in driving innovation into the financial services sector, supporting fresh approaches to security, payments, and financial inclusion, will help Flyp to differentiate and scale fast. Together, Galileo will enable Flyp to continue building its digital banking business with a customized, responsive, and flexible program built for the modern customer.”