The Big Four firm EY has strengthened its financial services advisory wing with the arrival of a new partner. Alla Gancz will act as Head of Corporate Payments in her UK Financial Services Technology practice.
After transforming the payments market in recent years, FinTechs are increasingly entering the credit market. This disruption causes problems for established players, but it also generates huge opportunities for those who are able to pivot their businesses accordingly. Globally, the payments and lending market is expected to reach $9.8 trillion over the next three years.
Many companies turn to outside expertise as they seek to take advantage of the situation. As a result, demand for EY’s financial services technology practice is expected to explode in the coming period. As it responds to growing market demand and invests in growth, EY has appointed Alla Gancz as UK Partner and Head of Payments to the team.
Paul Sparkes, Head of UK Financial Services Advisory at EY, said: “Payments are at the heart of the rapidly accelerating digital economy, and Alla has a wealth of experience and expertise that will be crucial to our customers throughout their digital transformation journey.”
Gancz has over 25 years of consulting experience, having led digital transformation and innovation programs in the financial services industry. This includes significant growth in payments, as well as retail and commercial banking, insurance and wealth management. She joins from global technology and management consultancy Capco, where she was also a partner. During her time with the company, she also served as Chief Digital Officer, having previously held senior roles at MasterCard and American Express.
Speaking on his move, Gancz said: “We are seeing a huge transformation in the payments industry and I am delighted to join EY at this crucial time. Innovation around the speed and security of payments is a priority for financial companies and I look forward to helping our customers shape the future of payments in a post-pandemic world where consumer demand for better and smarter products and services continue to increase.