Smarter Tools to Combat Financial Fraud
Digital payments keep moving faster, and so do fraud attempts. To help fintechs, banks, and enterprise teams stay ahead, Galileo Financial Technologies has introduced two focused tools built for day-to-day defense: the Galileo Instant Verification Engine (GIVE) and Transaction Risk GScore. Together, they’re designed to strengthen decisions at the moment they matter, streamline verification, and protect transactions without slowing business down.
Galileo Instant Verification Engine (GIVE), Explained
Real-Time Account Checks, Without the Wait
GIVE delivers immediate verification of external bank accounts and ownership, confirming that an account exists and is in good standing before funds move. It can operate as a standalone service or plug directly into the Galileo Payment Risk Platform (PRP), giving teams a direct path to verify account status quickly. By validating the authenticity of accounts up front, GIVE helps stop fraud at the door and reduces downstream friction.
Machine Learning That Sizes Up Account Risk
Under the hood, GIVE uses machine learning to evaluate account risk in context. It builds a risk profile for each account and draws on historical data to anticipate potential funding issues before they surface. With these signals, businesses can tune decisions to their own risk tolerance, balancing protection and approval rates with more confidence in every transaction.
Transaction Risk GScore: Real-Time Eyes on Card Transactions
Spotting Risky Activity as It Happens
Paired with GIVE is Transaction Risk GScore, a machine-learning approach that scores the risk of card transactions in real time. By reading user behavior and transaction patterns as they occur, GScore helps teams detect likely fraud quickly and take action to minimize losses. It complements existing controls and adds a layer of customization so each organization can align decisions with its specific risk appetite.
Technical Flexibility and Scalability
Both GIVE and GScore are built to scale alongside your business. Whether you’re handling a spike in transaction volume or expanding into new markets, these tools are designed to maintain consistent protection and fit into existing systems. That flexibility lets teams upgrade fraud detection without disrupting operations, even as needs evolve.
Enhanced User Experience and Security
Lower Abandonment, Faster Approvals
Speed matters. By shrinking verification from days to seconds, Galileo’s tools help cut customer drop-off dramatically. Abandonment rates that hovered near 50% with Micro-deposit Authentication (MDA) can fall to as little as 1% with real-time checks. And because the experience is consistent across ACH, FedNow, wire transfers, and check deposits, customers get a smoother path to completion with far less back-and-forth.
Tools That Help Teams Build Trust
As digital transactions become the default, GIVE and GScore provide a pragmatic way to protect payments while keeping experiences simple. They’re purpose-built to deter fraud and reinforce the trust that keeps customers coming back. David Feuer, Chief Product Officer at Galileo Financial Technologies, captures the approach: "These tools represent the future of secure financial transactions by harnessing advanced machine learning and real-time data."
About Galileo Financial Technologies
Galileo Financial Technologies, LLC, operates independently as part of the SoFi Technologies, Inc. family (NASDAQ: SOFI). The company equips fintechs and other institutions to build differentiated financial products that elevate customer experiences. With modern APIs and a secure, scalable platform, Galileo supports innovation across payments and financial services—trusted by digital banking leaders and startups alike.
Frequently Asked Questions
What is GIVE, in simple terms?
The Galileo Instant Verification Engine (GIVE) verifies external bank accounts and ownership in real time. It confirms whether an account exists and is in good standing before a transaction proceeds, helping teams prevent fraud early.
How does Transaction Risk GScore detect fraud?
GScore applies machine learning to live card transaction data, examining user behavior and patterns as they happen. It assigns a risk view in real time so institutions can respond quickly and reduce potential losses.
Can GIVE and GScore work with existing systems?
Yes. Both tools are designed for flexibility and scalability, integrating with current workflows and growing alongside transaction volumes and new markets without interrupting operations.
What impact can these tools have on customer drop-off?
By replacing slow methods like Micro-deposit Authentication (MDA) with instant checks, businesses can cut abandonment rates from nearly 50% to as little as 1%. Faster verification also shortens onboarding across ACH, FedNow, wire transfers, and check deposits.
Who benefits most from Galileo’s solutions?
Fintechs, banks, and businesses that manage financial transactions gain from GIVE and GScore. These tools help safeguard operations, align decisions to risk tolerance, and build customer trust without adding friction.
