back Back

Central Payments renews partnership with Galileo Financial Technologies

By Gloria Methri

April 14, 2023

  • BaaS
  • Central Payments
  • Embedded Finance Marketplace
Share

Central Payments has announced a long-term processing services renewal with Galileo Financial Technologies, a FinTech company owned and operated by SoFi Technologies. The extended agreement ensures that programs delivered through Open*CP enjoy robust and scalable processing capabilities well into the future.

“We refer to Open*CP as an API Marketplace because we are committed to enabling choice for users among top industry providers,” said Eric Cotton, Executive Vice President, General Manager at Central Payments. “Galileo was the first payments processor in the ecosystem because of our long working relationship and shared vision of the future of embedded payments and financial technology.”

Today, Open*CP powers large-scale programs with enterprise companies that have launched transformative financial products. Cotton added, “Our contract extension ensures that Galileo will continue to be a material part of our success in powering large, embedded finance programs for a growing list of enterprise clients.”

“As a leading enabler of BaaS and embedded finance, Galileo, and companies like Central Payments, are transforming the way financial services are delivered,” said Seth McGuire, Chief Revenue Officer at Galileo. “Our API-forward approach and scalable, extensible platform enable innovative brands to build the next generation of financial products to meet customers at their point of need.”

Galileo Financial Technologies enables FinTechs, financial institutions, and emerging and established brands to build differentiated financial solutions that deliver customer-centric experiences. Through modern, open APIs, Galileo’s flexible, secure, scalable, and fully integrated platform drives innovation across payments and financial services.

Central Payments provides payments technology and issuing solutions for FinTech and embedded finance businesses. The company’s Open*CP Fintech API Marketplace is one of the only ‘REAL’ banking-as-a-service (BaaS) payments platforms built by FinTech bankers with issuing capabilities embedded.

Previous Article

April 14, 2023

Worldline partners with SignCatch to roll out Merchant Digitisation Programme

Read More
Next Article

April 14, 2023

MFS Africa and Access Bank to streamline money transfers in Africa

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

BaaS

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Hecto Financial eases cross-border transactions with new solution

Read More

March 01, 2024

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

March 01, 2024

AsiaVerify & Visa to bolster digital payments and banking in APAC

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023