SoFi is enhancing its commercial payment services by integrating Galileo's cloud-based Cyberbank Core platform. This integration will allow SoFi to offer multiple payment services, including debit, prepaid, ACH, and wire transfers.
Galileo's modern, cloud-based banking core offering is designed to enable banks, fintechs, and financial services companies like SoFi to quickly launch new products and scale financial services efficiently. CEO Anthony Noto highlighted that Galileo is uniquely positioned to understand and meet regulatory expectations as a subsidiary of a federal bank holding company.
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