Galileo: SoFi's Galileo Helps Fintechs Extend FDIC Insurance Beyond the Coverage Limit

SoFi-owned Galileo unveiled a new tool today called Deposit Sweep, designed to help fintechs and their sponsor banks offer customers extended FDIC insurance protection beyond the $250,000 limit. The tool makes it easier for fintechs to safeguard deposits beyond the traditional coverage limit while helping customers earn more interest on their balances. Deposit Sweep connects Read more...The post SoFi's Galileo Helps Fintechs Extend FDIC Insurance Beyond the Coverage Limit appeared first on Finovate.