Galileo to power Flyp’s gamified banking app
Galileo’s platform, open API technology and proven expertise enable fintechs, emerging and established brands to create differentiated financial solutions that expand the financial frontier.
Flyp, a banking app and digital wallet, with gamified rewards, challenges, and quests to attract, engage and retain customers, has tapped Galileo Financial Technologies to serve as the backbone of Flyp’s growing gamified banking-as-a-service (BaaS) platform.
Galileo will operate as Flyp’s backbone and is equipped with a suite of products, including fraud indicators, analytics dashboards. The platform enables new and established brands to launch innovative financial services that can adapt to evolving customer needs.
The integrations will work alongside Flyp’s design to combine easy-to-use services with financial literacy tools to offer a modern mobile banking app and resources for personal money management.
Flyp launched its mobile banking app in March 2022 to address consumers’ demand for rewards and discounts. Flyp’s solution includes an engaging gamified rewards program, full Visa debit card functionality, early direct deposit functionality and free overdraft protection that will be delivered friction-free through Galileo’s purpose-built platform.
Flyp will leverage Galileo’s backbone to build digital banking
BJ McAndrews, Founder and CEO of Flyp, said: “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.”
Derek White, Chief Executive Officer at 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.”
Galileo’s platform, open API technology and proven expertise enable fintechs, emerging and established brands to create differentiated financial solutions that expand the financial frontier.
Galileo removes the complexity from payments and financial services innovation by providing flexible, open API building blocks and a secure, scalable, future-proof platform.
Trusted by digital banking heavyweights, early stage innovators and enterprise clients alike, Galileo supports issuing physical and virtual payment cards, mobile push provisioning and more, across industries and geographies.
Headquartered in Salt Lake City, Galileo has offices in Mexico City, New York City, San Francisco and Seattle.
