All eggs in one basket
With Galileo FinancialIf accounts, loans and cards all live on one vendor’s platform, changing any of the three means taking apart the others.
With FiterYour own core and an interchangeable processor, connected by API.
Evaluating Galileo Financial Technologies? Don’t tie your core to your card processor. With Fiter, your accounts and loans ledger is yours.
Fiter doesn’t issue cards: it does something more important. It gives you the core (accounts, loans and accounting) and connects with the card processor you prefer, Galileo included.
With Galileo FinancialIf accounts, loans and cards all live on one vendor’s platform, changing any of the three means taking apart the others.
With FiterYour own core and an interchangeable processor, connected by API.
With Galileo FinancialGalileo was built to issue and process cards. Group lending, microfinance and Islamic finance are not its specialty.
With FiterFineract was built for lending: individual, group, microfinance and Islamic finance.
With Galileo FinancialGalileo has been part of SoFi since 2020 and moved to the SoFi Tech Solutions brand in 2026. A US financial group sets the roadmap.
With FiterApache Fineract belongs to the Apache Software Foundation. Nobody can change its direction.
The criteria that decide what your core costs today, what it will cost five years from now and what it would cost to leave.
| Criterion | Fiter (Apache Fineract) | Galileo Financial |
|---|---|---|
| License model and cost | Fiter advantage: Zero license fees. Apache 2.0: no charge per account, per customer or per transaction. Your portfolio grows and your core cost stays put. | Platform as a service under contract: you pay for a card and digital banking ecosystem even if what you need is a core. |
| Open source or proprietary | Fiter advantage: Open source. Your team, your auditors and your regulator can review every line that processes your portfolio. | Closed source. Your team can’t see or audit what processes your accounts. |
| Deployment options | Fiter advantage: Wherever you decide: AWS, Azure, GCP, local cloud or on-premise. You meet your regulator’s requirements without asking anyone’s permission. | On the vendor’s infrastructure. You don’t choose where your core runs. |
| Data ownership and portability | Fiter advantage: Your data, in your database, on your infrastructure. Query it, export it and back it up whenever you want. | Your accounts and transactions live on the SoFi Tech Solutions platform. |
| Vendor lock-in and exit cost | Fiter advantage: Zero lock-in. The code is yours forever: you can switch service providers without switching cores. | Core and cards with the same vendor: changing one piece forces you to take apart the rest. |
| Product customization | Fiter advantage: No ceiling. Individual and group lending, microfinance, savings and Islamic finance (Murabaha) on the same core, built around your portfolio. | Designed for card programs and digital banking. Group lending, microfinance and Murabaha are outside its focus. |
| Support model | Fiter advantage: Direct access to the team that implemented your core, with 24/7 support tiers available. Not an anonymous global help desk. | US company, now part of SoFi. Your support depends on a US financial group’s priorities. |
| Community and roadmap | Fiter advantage: Apache Software Foundation, with Fiter on the PMC: we vote on where the product goes. No acquirer can change its direction. | Roadmap set by SoFi Tech Solutions. |
| Typical time to go live | Fiter advantage: 8 to 16 weeks depending on scope, with a parallel run and no disruption to your operation. | Fast to launch a card; a lending and accounting core built around you is still missing. |
Apache 2.0 means zero license fees: you don’t pay per account or per transaction. With a subscription or licensed core, every new customer adds to the bill. With Fiter, growth doesn’t cost you more.
Fiter has members on the Apache Fineract PMC. When your portfolio needs something the core doesn’t do, we don’t open a ticket with a third party: we propose it, vote on it and build it.
Banks, fintechs, credit unions and microfinance institutions already run on Apache Fineract with Fiter, including Islamic finance (Murabaha). If your product isn’t standard, we configure it on the same core.
If Galileo is your core and your processor today, migrating to Apache Fineract with Fiter means splitting the two layers and keeping the one that matters most: Fineract becomes your accounts, loans and accounting ledger, and card processing stays with the provider you choose, connected by API. We review accounts and products, map the data, run in parallel with daily reconciliation of balances and card transactions, and cut over at a month-end close. Your cards keep working the whole time.
Total timeline8 to 16 weeks, depending on project scope
We review your portfolio, products, integrations (channels, payments, credit bureau, regulator) and reports. You get a fixed scope at a fixed price.
Every loan and savings product is configured in Fineract and every field in your current system is mapped to the new model. Your operations and accounting teams sign it off.
We load your portfolio and run both systems side by side with daily reconciliation of balances, interest and journal entries. Nothing is switched off until the numbers match.
Cutover at a month-end close with verified accounting, user training and hands-on support from our team during the first weeks.
We show you Apache Fineract with a case like yours, and you leave with what you need to decide: total cost with no license, a migration plan and who supports you.
Book a side-by-side demoTrademarks mentioned belong to their respective owners. Public information reviewed in November 2026.