SALT LAKE CITY, Dec. 13, 2018 /PRNewswire/ -- Galileo, a leading and trusted technology partner for fintech and payments, today announced that its technology and know-how is helping to power Robinhood Checking & Savings, unveiled this morning in a blog post from Robinhood. Galileo's highly customizable payments infrastructure has been integrated into Robinhood Checking & Savings, which earns three percent annual interest, has no fees, and offers access to over 75,000 free ATMs.
Robinhood chose Galileo for its robust suite of APIs that helped Robinhood create a unique and best-in-class product for its millions of customers. Galileo's APIs provide some of the most advanced capabilities for fintech companies to create without limitations. Galileo's superior fraud detection, security, decision-making analytics and regulatory compliance functionality, combined with customized, responsive and flexible programs, helped set it apart from other providers.
"We're proud to work with Galileo to further our mission of providing the best financial tools to our customers at the best possible prices," said Vlad Tenev, Co-Founder and Co-CEO of Robinhood.
"Galileo has a strong and proven track record as a leader in payments and fintech and we are delighted to partner with fellow leader and innovator Robinhood to support its continued expansion," said Clay Wilkes, founder and CEO of Galileo. "With this announcement we further strengthen our reputation as fintech's tech provider."
About Galileo Galileo is the company behind the technology that powers the most innovative fintech companies, financial institutions and investment firms in North America, the UK and Europe. Utilizing one of the industry's most sophisticated processing platforms, Galileo handles thousands of financial transactions every day and provides comprehensive APIs and complete back-office support, allowing clients to stay focused on creating the greatest value and best experiences for their customers. Galileo's approach makes it a trusted partner, with innovative thinking and advanced data science and engineering capabilities to deliver on its promise of flexibility, security and scalability. Galileo is based in Salt Lake City, Utah.