Galileo Launches Instant Account Verification and Machine Learning Risk Score to Secure Financial Transactions Amid Escalating Cyber Threats
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Business Wire
New tools deliver real-time fraud detection for fintechs, banks and businesses and maintain frictionless account experiences for customers SALT LAKE CITY--(BUSINESS WIRE)--Galileo Financial Technologies, a leading financial technology company and a subsidiary of SoFi Technologies, Inc. (NASDAQ: SOFI), is delivering fintechs, banks and businesses new ways to fight fraud with the launch of Galileo Instant Verification Engine (GIVE) and Transaction Risk GScore.As digital transactions surge and cyber threats evolve, these tools offer fintechs, financial institutions and businesses advanced real-time fraud detection and risk management capabilities, addressing an industry in which 63% of financial firms reported an increase in fraud, with digital channels contributing to half of the total fraud losses.Galileo Instant Verification EngineGalileo Instant Verification Engine (GIVE) provides real-time verification of external bank accounts and ownership. Whether used as a standalone product
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SOFI
Earnings
- 7/30/24 - In-Line
SOFI
Sec Filings
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- SOFI's page on the SEC website