SoFi Boosts Payment Services with Galileo's Cloud-Based Cyberbank Core

SoFi Technologies, Inc. (NASDAQ:SOFI) disclosed the adoption of Galileo’s cloud-based Cyberbank Core to power various payment services for commercial clients, including debit, prepaid, ACH, and wire transactions, along with banking services.

Galileo is a SoFi subsidiary. Cyberbank Core became part of Galileo’s platform following SoFi’s acquisition of Technisys in 2022.

SoFi’s implementation of Cyberbank Core for its commercial payment services program is expected to be completed by November 2024.

This collaboration marks the latest advancement in SoFi’s partnership with Galileo, which ...

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