Flyp taps Galileo to power its mobile banking platform
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 for 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 education, sweepstakes and gamified challenges and “quests”.
The fintech plans on offering early direct deposit functionality and free overdraft protection that will be delivered through Galileo’s platform.
BJ McAndrews, founder and CEO of Flyp, says the firm chose Galileo due to its “track record in fraud prevention and forward-looking technology”, and the partnership “will help acquire and retain Flyp users who are looking for a digital banking product that meets their everyday needs”.
Galileo adds that its integrations will work alongside Flyp’s design “to combine easy-to-use services with financial literacy tools to offer a modern mobile banking app and resources for personal money management”.
Headquartered in Salt Lake City, Galileo offers open API technology to “remove the complexity” from payments.
The company works with fintechs, digital banks, early-stage innovators and enterprise clients, and has offices in Mexico City, New York City, San Francisco and Seattle.