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.”