How to Gain an Edge and Scale with the Right Tech Partner


November 12, 2021

What is financial services enablement and how can banks and fintech benefit?
Follow Galileo
Follow Galileo LatAm

Fintech Americas’ 2021 conference examined the human elements that serve as the core for digital transformation in banking, encouraging discussion around how an understanding of user needs will ultimately shape the future of the banking industry. Leaders from over 20 countries gathered for the occasion, discussing how companies can align their teams to achieve transformation that aligns with today’s user needs.

Our team was excited to be invited to host a roundtable as a part of the event’s lineup. Galileo’s Head of Business Development & Strategy Latin America Tory Jackson and Strategic Partnerships Lead Zac Thomas discussed the vital role enablement partners play in transforming today’s financial ecosystem.

Here are top takeaways, followed by a recording of the full conversation below.

What is financial services enablement and how can banks and fintech benefit?

Partnering with an enabler empowers financial services providers with increased access to payment solutions, in many regions, without overhauling existing legacy systems or building out new solutions. Partnerships can accelerate growth cycles and bring products to market faster, or scale into new geographies with far less effort.

“By working with the right enablement partner, banks and their end-users benefit through enhanced user experiences and an enhanced back office. When we power clients' card programs, we’re freeing them from the time, cost and complexity of establishing their own payments back-office operations. This is so they can focus on creating great customer-facing products, and delivering outstanding value,” Jackson shared.

Galileo is uniquely positioned to serve Latin America because of its deep understanding of local nuances, extensive experience and feature functionality.

The roundtable discussion also covered how enablement partners can serve incumbents looking to start with incremental change and suggested characteristics to look for in an ideal partner.

The right collaborator improves a fintech’s operations by keeping them relevant, competitive, and flexible – and ultimately, partners are essential for those who wish to gain an edge within a constantly evolving market.

Tune into the full conversation below.

Enjoy our Insights?

Recent Posts

August 28, 2023

BIN Sponsorship: What Fintechs Should Know When Choosing or Changing Sponsor Banks

Choosing a sponsor bank, or knowing if you need to change banks, is one of the many nuances fintechs must understand when navigating a payments program.

See More
August 16, 2023

How SMBs are Leveraging Technology for Better Liquidity Management

Amid economic challenges, SMBs seek tech for liquidity management, offering a significant market opportunity for solution providers.

See More
May 19, 2023

3 Ways Conversational AI Optimizes Banking Customer Journeys

Next-gen chatbots & intelligent assistants enable banks to transform automated customer service from frustrating to engaging, driving user satisfaction & happiness.

See More
With 2023 expected to be a year of economic turmoil and uncertainty, many businesses are faced with setting up or improving processes to be better prepared to manage financial challenges.
March 16, 2023

Corporate Hierarchy: Track Expenses with Spend Taxonomy

Don't let economic uncertainty derail your corporation in 2023. Optimize business spending and reduce costs by tracking expenses at various levels with spend taxonomy.

See More
March 15, 2023

How Any Brand Can Capture the BaaS Opportunity in 2023

Banking as a Service allows brands to create new revenue streams, improve CX, embed financial services, and enhance the customer value proposition.

See More