article thumbnail

AutoRek wins in ‘Payments Innovation’ category at Scottish Financial Technology Awards 2022

Bobsguide

Leading fintech company AutoRek is delighted to have been recognised at the Scottish Financial Technology Awards 2022 , held on Thursday, 6 October, where it won in the ‘Payments Innovation’ category. The recognition is a reflection of the hard work, dedication and innovation of the AutoRek team behind the scenes. “We

article thumbnail

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 digital payments platform of Galileo provides savings and checking account-like abilities through its open application programming interfaces (APIs).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Cannabis Can Become A B2B Payments Innovation Influencer

PYMNTS

That doesn’t mean these companies have the ability to easily adopt the same payments solutions that businesses in other industries can access. Speaking with PYMNTS, Muller highlighted the opportunity that the cannabis space has to adopt payments and other financial technologies that have leapfrogged over legacy solutions.

article thumbnail

Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. SoFi had familiarity of Technisys through prior use of the system and through SoFi’s prior acquisition of digital payments provider Galileo.

article thumbnail

SoFi acquires Galileo for $1.2B to broaden reach 

Bank Innovation

billion deal to acquire Galileo, a financial services API and payments platform that powers big names like Chime and Robinhood. Together with Galileo, we will partner to build on our companies’ strengths to drive even greater financial technology innovation, making those products and […].

article thumbnail

Why B2B Payments Can’t Shake Its Anti-Innovation Notoriety

PYMNTS

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Faster payments initiatives, blockchain and other disruptions all show promise to make major changes in the B2B payments space. B2B Payments Outlook.

article thumbnail

Taking Real-Time Payment Rails To The Tipping Point

PYMNTS

Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure.

Payments 304