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SoFi To Buy Galileo Financial Technologies In $1.2B Deal

PYMNTS

In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. The firm’s offerings can be accessed through desktop, mobile and a tangible debit card. The online personal finance firm will pay total purchase consideration of $1.2 I think it’s very powerful.”.

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The Impact of Technology on Banking: Revolution or Evolution?

Bank Innovation

All that is changing due to emerging technologies. The banking industry is facing many unprecedented challenges due to the rise of financial technology companies. For quite a long time, traditional brick and mortar banks only had to worry about making money and being profitable.

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Distributed Ledgers Expected to be Most Prominent Financial Technology in 2019, Poll Finds

Bank Innovation

Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation. For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019.

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Fintech for Kids: Greenlight Raises $16 Million in Series A Funding

Bank Innovation

EXCLUSIVE – Greenlight Financial Technology, a fintech startup for kids, has raised $16 million in a Series A funding round today, Bank Innovation has learned. Greenlight Technology is a combination of P2P and PFM features on a mobile app, and is unusual in that it focuses on children.

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More Mobile Banking Does Not Make Customers Happier

Bank Innovation

Here’s a riddle: Does more mobile banking make consumers like their financial institution? That according to a new survey released today by Fiserv, the financial technology company. The answer, alas, appears to be no.

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With Take-backs, Kasasa is Giving Borrowers More Control Over Their Money

Bank Innovation

EXCLUSIVE—Speedy, flashy financial service through mobile or a wearable is all well and good, but the product has to respond to changing customer needs as well. That’s why financial technologies provider Kasasa has come up with a loan product that will allow users to “take back” some of their funds.

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Mobile wallet provider Cellum eyes mobile fintech convergence

Payments Dive

The company has already signed two cooperation agreements — one with international customer interaction solutions provider NF Innova and one with Hungary-based financial technology company E-Group.

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