SALT LAKE CITY, Nov. 8, 2019 /PRNewswire/ -- Galileo, the company
that powers world-leading fintech companies, financial institutions
and investment firms, today announced it has opened offices in both
San Francisco and New York
City.
The company chose San Francisco
as a base for its rapidly expanding fintech developer ecosystem,
while the New York office supports
Galileo's expansion into investment-related solutions. Galileo's
first product in this space is Galileo Money+, which enables
financial advisors to compete for the $10+ trillion in low- or
no-interest U.S. bank deposits by offering their customers
white-labeled bank accounts.
World-leading fintechs use Galileo's platform in a variety of
use cases, including challenger banking, lending, consumer
payments, commercial payments, gig economy applications and
investing solutions. Galileo is on track to process roughly 10
million financial transactions daily within the coming
year.
"We've developed the best API-based, enterprise payments and
accounts platform on the planet with full-stack support that
delivers the functionality the world's most innovative fintech and
financial services companies need," CEO Clay Wilkes said.
"Adding offices in San
Francisco and New York
supports our initiatives in two areas where we're growing quickly.
San Francisco and Silicon Valley
are the U.S. hub for challenger fintechs that are taking advantage
of our sophisticated platform and for developers using Galileo's
powerful APIs to create innovative financial solutions. We also
thought it was important to have a strong presence in New York, the world's financial capital. It's
the perfect location to emphasize Galileo's commitment to
delivering wealth and asset management solutions, like Galileo
Money+, which gives financial advisors across the country the
products they need to compete effectively with others who vie for
control of their customers' cash assets."
Galileo's San Francisco office
is headed by Egan Anderson, head of
Galileo's developer ecosystem. The New
York office is headed by Aaron
Dillon, managing director of Galileo Money+ and Galileo
Investment Advisers, an SEC registered investment adviser.
Galileo provides the payments industry's most powerful APIs,
enabling clients to create accounts and issue physical and virtual
cards using an account structure that's unique in the industry.
Whether an account is debit, credit or prepaid, everything is
integrated on one extremely powerful platform that enables clients
to have a single interface and deliver virtually any type of
payment with any kind of features.
With more products in the pipeline and an aggressive roadmap for
adding new platform features, Galileo continues to enable its
clients to challenge the status quo in payments and accounts.
About Galileo
Based in Salt Lake City,
Galileo, the API standard for card issuing, offers the industry's
most powerful and flexible payments platform. Check out Galileo at
www.galileo-FT.com.
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SOURCE Galileo