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Stock impact report

Galileo Expands Payment Risk Platform with DataVisor

SoFi Technologies, Inc. (SOFI) 
Company Research Source: Business Wire
Platform taps new DataVisor partnership and Galileo’s risk-scoring fraud engine to help clients proactively mitigate payments risk SALT LAKE CITY--(BUSINESS WIRE)--Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), has expanded its Galileo Payment Risk Platform jointly with DataVisor, a market leader in fraud and risk management, to offer robust fraud management solutions that help clients mitigate risk with precision and speed.Payment card fraud transactions are forecasted to rise 20% to $38.5 billion by 2027, as fraudsters continue to employ more sophisticated techniques. The Galileo Payment Risk Platform targets every corner of the payments ecosystem by combining Galileo’s industry knowledge in fraud analytics and payments with DataVisor’s advanced AI technology and powerful end-to-end fraud and risk management platform capability. Expanded platform capabilities support debit and Show less Read more
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