header icon
Solutions
header icon
Products
header icon
Platform
header icon
Developers
header icon
Company
English
English
SCOTT JOHNSON INTERVIEWS WITH FINTECH FINANCE

Scott Johnson interviews with Fintech Finance

February 27, 2020

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.

Platform
April 18, 2024

Is Banking’s Future Composable? Here's What FIs Need to Know

To compete with digital-native fintechs, traditional financial institutions must move beyond a one-size-fits-all approach. Composable banking enables FIs to reimage their role and stay relevant in the industry’s digital future.

See More
Spotlight
April 17, 2024

How SoFi and Galileo Work Together to Help People Get Their Money Right

Explore the synergistic relationship between SoFi Technologies Inc. and Galileo Financial Technologies, as they join forces to redefine financial services. Learn how SoFi, with its comprehensive suite of financial tools, collaborates with Galileo's advanced payment processing and technology solutions to empower individuals to manage their finances effectively.

See More
Product
April 15, 2024

Why Banks Should Rethink Their Digital Wallet Strategy

Research shows digital wallets usage is booming, but banks risk losing out on this growth opportunity unless they adopt a more aggressive strategy to offer their own wallets.

See More
Spotlight
April 10, 2024

How WisdomTree Provides Financial Experiences by Integrating Investments and Payments

WisdomTree, in partnership with Galileo, is revolutionizing investing with digital assets and mobile fintech. Discover how they blend traditional finance with blockchain technology for a seamless saving, spending, and investing experience.

See More
Product
April 5, 2024

How Banks and Fintechs Can Beat Fraudsters in the AI Arms Race

Fraudsters are exploiting artificial intelligence, but AI-powered tools are giving banks and fintechs powerful new ways to fight back.

See More