North Carolina-based fintech Flyp has selected Galileo’s open API technology to power its mobile banking offering.
Galileo’s solution, which includes features such as fraud indicators and an analytics dashboard, will serve as the backbone of Flyp’s “gamified” Banking-as-a-Service (BaaS) platform.
Flyp launched its mobile banking app in March 2022 and currently offers a digital wallet with debit card, gamified rewards, financial literacy training, sweepstakes, and gamified challenges and “quests”.
The fintech plans to offer early direct deposit functionality and free overdraft protection which will be provided through Galileo’s platform.
BJ McAndrews, Founder and CEO of Flyp, said the company chose Galileo because of its “track record in fraud prevention and future-proofing technology”, and that the partnership “will help to acquire and retain Flyp users who are looking for a digital banking product that meets their daily needs”.
Galileo adds that its integrations will work alongside Flyp’s design “to combine easy-to-use services with financial literacy tools to deliver a modern mobile banking app and resources for personal money management.”
Based in Salt Lake City, Galileo offers open API technology to “remove the complexity” from payments.
The company works with fintechs, digital banks, start-up innovators and enterprise clients, and has offices in Mexico City, New York, San Francisco and Seattle.
Recent Galileo customers include US mobile banking app Spruce and Miami-based neobank Fortú.