Galileo Analysis
What is Galileo?
Financial technology platform for modern banking
Location
Sandy, United States
Employees
201-500
Founded
2005
Product Features & Capabilities
- Core banking solutions
- Card issuing services
- Payment processing
- Digital banking tools
- Risk management solutions
- Fraud operations support
- Program management services
Use Cases
Modernize back-end core infrastructure for banks; Enable digital banking experiences with AI tools; Issue physical and virtual cards for brands; Support lending programs for consumers and businesses; Manage payment risks and fraud detection
Other Considerations
Named Best-in-Class for digital issuance by Javelin Strategy & Research; Serves a diverse range of clients across multiple countries; Trusted by major financial institutions and fintechs
Whitelabeling Services
Galileo offers a comprehensive range of white-labeling services for card issuing tailored for third parties, including banks, fintechs, and brands. Their offerings include:
- Types of Cards - Galileo provides the ability to issue various types of cards, such as: - Physical Cards: Traditional plastic cards for everyday use. - Virtual Cards: Digital cards that can be used for online transactions. - Digital-First Cards: Cards designed primarily for digital use, enhancing user experience. - Secured Cards: Cards that require a deposit, often used for building credit. - General Purpose Reloadable Cards: Cards that can be reloaded with funds multiple times. - Debit and Prepaid Cards: Cards linked to bank accounts or preloaded with funds. - Contactless Cards: Cards that allow for tap-and-go payments.
- Key Features - - Instant Issue:
- Galileo Instant Issuing
These services are designed to reduce the time and cost associated with traditional card issuing methods, making them accessible for a wide range of organizations, including startups and established financial institutions.
Api Availability
Yes, Galileo provides an API for their white-labeling services. The API, known as the Program API, allows users to launch, scale, and grow their white-label card issuing programs through a single integration. It facilitates the entire process from card setup to embossing, fulfillment, and activation.
- Customizable Web and Mobile Apps - It offers a white-label web and mobile application that can be customized to reflect the brand's identity, allowing customers to onboard the program and access their co-brand rewards account with minimal development effort.
- Onboarding and Account Opening - The API supports onboarding and account opening processes, including Customer Identification Program (CIP) and Know Your Customer (KYC) compliance.
- Authentication - It provides secure authentication options, including log-in via credentials or biometrics.
- Card Issuance - Users can issue both digital and physical cards through the API.
- Secure External Account Linking - The API facilitates linking to external accounts and allows for account-to-account transfers.
Galileo also manages the relationship with the sponsor bank and oversees compliance and legal requirements, ensuring that the white-labeled services adhere to necessary regulations.
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