In a wide-ranging interview with Fintech Finance during this year’s Paris Fintech Forum, Galileo SVP Scott Johnson acknowledged that in recent years the U.S. has lagged European counterparts in adopting new payment technology, citing the relatively recent introduction of EMV and the slow roll out of real-time payments as prime examples.
Still, Johnson said, Galileo has experienced unbelievable growth as fintech has evolved rapidly not only in the U.S. but also in the UK and Europe. He credited Galileo’s rapid growth to its infrastructure—specifically its open APIs and platform, which power leading U.S. neobanks and the U.S. operations of Monzo and TransferWise.
He added, “As an infrastructure payments company, we see the value in our company through our partners and their growth.”
Johnson noted that as you look at the Americas—not only the U.S.—he appreciates how fast payments are evolving, pointing to rapid adoption of financial inclusion and new payments mechanisms. He’s impressed with the number of fintech startups in Latin America—particularly Mexico—where Galileo opened an office last month, and the fintech investment pouring into Latin America.
Johnson concluded saying his favorite takeaway from the Paris Fintech Forum was meeting with Galileo’s many U.K.- and Europe-based partners and learning more about what they’re doing.
“The Paris Fintech Forum is a great conference to get all the different ideas that are coming together,” he said. “And, it’s a pleasure to see how many U.S. companies are coming here and vice versa—how many European companies are coming to the U.S.”
He added that he appreciates seeing the innovation in U.K. and Europe because—like the Beatles more than 50 years ago—we’re now being influenced by that innovation in the U.S.
How Rapid Self-Onboarding Can Drive Technical Inclusion for LatAm Banks
How can LatAm banks use self-onboarding to drive financial inclusion? A seamless, secure, and device-agnostic digital account opening process could be the digital key to 'Technical Inclusion' for underserved rural populations in Latin America.
Strategic Fraud Prevention: Maximizing Tight Budgets to Ensure Protection
Identity fraud losses in the U.S. hit $27 billion in 2024. Learn how financial institutions can maximize modest budgets with strategic fraud prevention investments and AI-powered solutions.
What Makes a Successful Card Program in 2026: The Complete Guide
Learn how fintechs and banks launch successful card programs. Key insights on differentiation, planning, and partner selection.
To Own or Outsource? The Key Decision Behind Payment Program Management
Should you build or outsource payment program management? Compare decision frameworks, costs, and timelines. Market growing $1B to $4B by 2034.
How to Connect a Card Program to a Payment Network
Learn how to connect your card program to payment networks while maintaining control over authorization decisions and transaction flow.
