Flyp partners with Galileo for new solution

Flyp, a North Carolina-based fintech company, has chosen the open API technology from Galileo to power its mobile banking service.

The foundation of Flyp’s “gamified” Banking-as-a-Service (BaaS) platform will be Galileo’s solution, which includes elements like fraud indications and an analytics dashboard.

In addition to a digital wallet with a debit card, gamified prizes, financial literacy training, sweepstakes, and gamified challenges and “quests,” Flyp debuted its mobile banking app in March 2022.

Through Galileo’s platform, the fintech intends to provide early direct deposit functionality and free overdraft protection.

The relationship “will help acquire and retain Flyp users who are looking for a digital banking product that meets their everyday needs,” according to BJ McAndrews, founder and CEO of Flyp. Flyp chose Galileo because of its “track record in fraud prevention and forward-looking technology.”

Galileo, a company with its main office in Salt Lake City, provides open API technology to “remove the complexity” from payments.