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- SoFi Adopts Galileo's Cyberbank Core for Enhanced Commercial Payment Services
SoFi Adopts Galileo's Cyberbank Core for Enhanced Commercial Payment Services
Slice of Finance Team
18 Oct
Key Highlights:
SoFi implements Galileo’s cloud-based Cyberbank Core for debit, prepaid, ACH, and wire transactions.
Cyberbank Core enables scalability, agility, and robust security, with real-time transaction processing.
Collaboration aims to improve financial services infrastructure for SoFi’s commercial clients.
Expected completion in November 2024, marking the latest partnership milestone.
Source: Business Wire
Notable Quotes:
"We are thrilled that our new commercial payment services sponsor bank program is built on Galileo’s powerful tech platform."
"We are excited to support SoFi on its journey to revolutionize financial services."
Our Take:
SoFi's adoption of Galileo's Cyberbank Core represents a significant advancement in the company’s infrastructure, allowing it to offer more efficient and scalable financial services. The partnership leverages cloud technology to improve agility and security, keeping SoFi ahead of market demands. This move also highlights SoFi’s focus on innovation, positioning them to deliver enhanced financial services to their commercial clients with a modern, flexible architecture.