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Galileo

Galileo Financial Technologies

Solution(s): Galileo Payment Hub
Website(s): galileo-ft.com/payments-and-cards/payment-hub (Off-site)
Contact: Ankush Singhal, asinghal@galileo-ft.com

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

Galileo is the financial technology provider connecting banks, fintechs and brands with innovative banking and processing capabilities to help people get their money right. This division of SoFi delivers modern digital solutions that are cloud-native, developer-friendly and regulation-ready powering exceptional, customer-centric financial experiences across North and Latin America. Galileo’s Payment Hub provides a flexible, API-driven infrastructure that enables financial institutions to initiate, process and monitor instant payments alongside ACH and wires through a single integration. The platform supports a wide range of account types — including demand deposit accounts (DDA), savings, prepaid, lending and brokerage-linked accounts — enabling seamless money movement across diverse financial products. Through robust RESTful APIs, webhooks and real-time messaging, users can trigger payments, manage transaction lifecycles and receive immediate status updates.

Galileo acts as a service provider for the FedNow Service, processing incoming and outgoing transactions on behalf of banks, fintechs and other financial institutions. The FedNow Service can be deployed stand-alone or with other Galileo solutions, and Galileo can work with its existing bank partner network or new ones. Designed for financial institutions, fintechs and end users, Galileo Payment Hub enables secure, scalable participation in instant payment networks.

Segment type(s)

  • Financial Institution Service Provider

Solution type(s)

  • Banking as a Service (BaaS)
  • Core Banking Platforms
  • Digital User Experience (mobile/online interfaces)
  • Other
  • Payments Hubs/Platforms/Payment Gateways
  • Risk Management and Fraud Services

Use cases/markets served

  • Bill Pay and Presentment
  • Buy Now Pay Later
  • Digital Wallet Funding/Defunding
  • Government (e.g., municipality, state, federal)
  • Insurance
  • Other
  • P2P Payments
  • Payroll
  • Transportation

FedNow functionality supported

  • Connectivity to the FedNow Service via FedLine® Solutions
  • Fraud Prevention/Monitoring Services
  • Receiving FedNow Transactions
  • Sending FedNow Transactions – Business Accounts
  • Sending FedNow Transactions – Consumer Accounts

Ability to integrate with outside core processing solutions

  • Yes, some

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.