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
October 21, 2024

How Banking Technologists and Growth Leaders Can Align on Core Modernization

Bank leaders recognize the need to modernize their core to stay competitive and unlock growth in the digital age. Discover how to align business and technical cases for modernization.

See More
Product
October 17, 2024

How Banks Can Unlock New Revenue and Customer Growth with Next-Gen Secured Credit

Discover how next-gen secured credit can help banks drive new revenue and customer growth by offering innovative financial solutions.

See More
Platform
September 23, 2024

3 Ways Banks Can Overcome the Tech Modernization Hurdle

Financial institutions must modernize their core banking technology to meet consumer demand for digital and remain competitive. Galileo’s Tania Grambo offers three tips to successfully accomplish this critical tech transformation.

See More
Platform
September 17, 2024

Fintech and Banking Through Human-Centered Strategic Partnerships

How human-centered fintech partnerships drive success through collaboration, innovation, and the personal touch in financial technology.

See More
Platform
September 16, 2024

How Brands and Banks Can Win Big with Embedded Finance Partnerships

Banks and brands both stand to reap major rewards from joining forces to offer embedded finance tools. Here’s how both sides can get the most out of these high-potential partnerships.

See More