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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 online personal finance firm will pay total purchase consideration of $1.2 billion composed of shares and cash, according to an announcement.

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Dragonfly Financial Technologies partners with CSI

The Paypers

US-based CSI has partnered with Dragonfly Financial Technologies to offer optimised cash management solutions for ACH, positive pay, and sweep accounts.

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OCC’s New Office of Financial Technology Portends Increased Supervisory Activity

CFPB Monitor

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

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Central Payments partners with Galileo Financial Technologies

The Paypers

Payments technology provider Central Payments has announced its partnership with US-based Galileo Financial Technologies for a long-term processing services renewal.

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Galileo Financial Technologies connects with AWS Marketplace

The Paypers

US-based Galileo Financial Technologies has announced that its solutions got listed on the AWS Marketplace.

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US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition

PYMNTS

Visa seeks to buy Plaid — as its CEO said — as an ‘insurance policy’ to neutralize a ‘threat to our important US debit business,’” the Justice Department said in its lawsuit, filed in San Francisco federal court. Department of Justice sued Visa on Thursday (Nov. 5) to block its planned $5.3

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Fintechs seek US government funds to help make business loans

Bank Innovation

Financial-technology firms including PayPal Holdings Inc. Industry group Financial Innovation Now urged Congress in a letter to provide capital to online lenders including PayPal and Square Inc., government funding. and to permit the firms to […].

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