Banking solutions provider Qube Money has signed a partnership with Galileo Financial Technologies to deliver a banking solution that boosts customers’ financial awareness.
The solution will enable users to activate their money on a debit card in real time before buying something. By doing so, the companies hope they can create more financial awareness and avoid unintentional spending.
Galileo provides an application programming interface (API) standard for card issuing and digital banking.
“Galileo’s APIs deliver the speed and real-time decision-making necessary to support Qube Money’s technology,” said Shane Walker, co-founder of Qube.
Galileo CEO Clay Wilkes, added, “It’s rewarding to put the power of the Galileo API-based platform to work to support another Utah-based fintech innovator. We look forward to powering Qube as it rolls out its solution to help consumers budget and spend wisely.”
The news about the deal comes after online personal finance company SoFi acquired Galileo earlier this year in a deal worth $1.2bn, comprising of cash and stock.
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