Flyp selects Galileo to electric power its gamified mobile banking platform
By Edlyn Cardoza
Galileo Money Systems, a primary money technological innovation corporation, owned and operated independently by SoFi Technologies, Inc., not long ago introduced that its API-enabled monetary know-how powers Flyp. Flyp is a banking application and digital wallet with gamified benefits, issues, and quests to attract, have interaction and retain consumers. By means of its immediate integration, Galileo’s fundamental remedy — finish with fraud indicators, analytics dashboards, and more — will serve as the backbone of Flyp’s expanding gamified banking-as-a-assistance (BaaS) system. Flyp’s tactic resonates with customers because just about every penny counts suitable now, and quite a few are looking for remedies that pair no- or minimal-price options with the seamless person expertise they have developed accustomed to in their electronic-to start with lives.
According to latest Galileo investigate, 65% of individuals would pick out embedded finance methods to get rewards or reductions, highlighting an prospect for innovative user experiences and embedded fiscal remedies. Flyp released its cell banking app in March 2022 to deal with these requirements. To aid fashionable banking shoppers, Flyp’s resolution involves an partaking gamified benefits software, entire Visa debit card functionality, early immediate deposit performance and totally free overdraft safety that will be delivered friction-absolutely free as a result of Galileo’s intent-designed system.
“We identified early that Flyp’s processor wanted to be best-in-breed to make sure a seamless person working experience and be capable to scale as we develop,” said BJ McAndrews, Founder and CEO of Flyp. “Galileo’s in depth keep track of record in fraud prevention and ahead-seeking engineering was the ideal solution to enable obtain and retain Flyp users who are seeking for a digital banking products that fulfills their day-to-day requirements.”
Galileo’s cloud-dependent economic technologies system is created with flexibility, pace, and scale, enabling new and set up brand names to start ground breaking monetary providers that can adapt to evolving customer requires. The integrations will perform together with Flyp’s design and style to mix uncomplicated-to-use solutions with economical literacy equipment to give a modern day cellular banking application and methods for individual funds administration.
“Galileo’s expertise in driving innovation into the monetary expert services sector, supporting fresh strategies to stability, payments, and financial inclusion, will support Flyp to differentiate and scale fast,” stated Derek White, CEO at Galileo. “Together, Galileo will permit Flyp to continue constructing its electronic banking enterprise with a custom-made, responsive and versatile system designed for the modern shopper.”
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