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INNOVATION BACKED BY EXPERIENCE AND INFRASTRUCTURE

Innovation Backed by Experience and Infrastructure

June 18, 2024

The Brazilian financial sector is a massive and dynamic ecosystem made up of over 1,685 financial service companies, and growing. The pace of growth and the scale of opportunities in Brazil are unparalleled in Latin America and almost anywhere in the world.

A market like Brazil needs cutting-edge financial solutions that are not only technologically advanced, but also tailor-made for the Brazilian context. The Brazilian market is distinct, with unique challenges and massive opportunities; here, one-size-fits-all solutions do not suffice.

As head of business development for Galileo in Brazil, my role involves leveraging my extensive local knowledge and trajectory to serve the financial services industry with solutions that are well-aligned with the needs of Brazilian financial institutions.

A turning point for Brazilian banking

We are at a juncture at which Brazil’s–and the world’s–financial landscape is being redefined. FIs need to stop responding to changes and instead need to proactively anticipate evolving customer expectations and demands. It’s very clear to me that Galileo’s Cyberbank solutions and the expansion of our payment processing offerings are the right solution at the right time for Brazil. 

Galileo Financial Technologies has the necessary experience and is well-positioned to meet the changing needs of financial institutions in Brazil. Our focus on innovation and cutting-edge technology allows us to offer customized solutions that drive efficiency and competitive advantages for our clients and partners.

I have watched and collaborated extensively with Galileo throughout the years and seen how they operate in the U.S. and throughout Latin America. With more than 150 million accounts and 23 years in the business, Galileo stands out in an increasingly crowded space.

Experience meets innovation

I’m new at Galileo, but I am a veteran in the industry and I know that innovation and speed need to be backed by experience and infrastructure to be successful. I am convinced that the future of the financial industry in Brazil will be driven by innovative practices that are implemented in collaboration with our clients and partners.

Why Latin America Is a Hotbed for Fintech Innovation

I am thrilled to be part of this transformative journey in the Brazilian financial ecosystem with Galileo, where our combined expertise and commitment to innovation will continue to make a meaningful impact. Together, we aim to not just meet, but exceed the sophisticated needs of today’s dynamic market, paving the way for a new era of financial solutions in Brazil.

Joining Galileo Financial Technologies as the Head of Business Development in Brazil is a pivotal moment in my career, marking not just a change of position, but a profound commitment to the Brazilian financial market.

- Abdul Assal

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