Galileo Enables SoFi to Send and Receive FedNow® Service Payments
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Business Wire
SoFi among the first banks to offer members both send and receive payments for 24/7, instant access to their money. SALT LAKE CITY--(BUSINESS WIRE)--Galileo Financial Technologies, SoFi’s technology platform (NASDAQ: SOFI), today announced that SoFi, N.A. is offering instant bank transfers via the FedNow® Service powered by Galileo’s payment technology. The new capability lets SoFi members move money in seconds between their SoFi accounts and their accounts at other U.S. banks, at any time of day, including weekends and holidays.Most banks that use FedNow® Service only support receive capabilities. SoFi is going further by allowing members to both send and receive FedNow® Service payments. Galileo provides the technology, connection to the service, and the controls needed to make these real-time payments work safely.“For customers, waiting days for money to show up doesn’t match how payments work today,” said Bill Kennedy, CFO and interim head of Galileo. “By pairing FedNow® Servic
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SOFI
Earnings
- 1/30/26 - Beat
SOFI
Sec Filings
- 4/2/26 - Form 4
- 3/27/26 - Form SCHEDULE
- 3/20/26 - Form 4
- SOFI's page on the SEC website