NOVEMBER - 20196With few months remaining until the end of this decade, we can safely say that this has been the most eventful decade so far. If we look back at the business world during the start of this decade and look at where it is standing now, there has been a significant upheaval. We are in the era of life-changing innovative products that exist on ever-growing technological advancements. And for the last decade, the banking world is going through the development of its own. The financial industry has been on a transformative journey that has changed and democratised the way everyone "banked." With digitalisation and contactless society is upon us, it is no coincidence that payments, the most competitive area of banking and financial services, are also ripe for disruption. The record levels of corporate and venture capital flowing into the payments sector are affecting all spheres of banking, from retail and commercial to investment and emerging neo-banks. In a year or so, there will be a generation of young adults who had never witnessed the older methods of transaction.Keeping up with the changing times, recently, the U.S. has decided to independently introduce a real-time payment system adhering to the need of the large banks. In 2019, the European Commission under the European Parliament pronounced to open up their infrastructure to Application Program Interface (API), to start the revolution of open banking. This creates both an opportunity and a necessity; the future generations expect to be able to make a payment whenever and wherever they are without friction and will switch to a better provider if their demands are not met. On top of that, 5G and IoT technologies are carving the way for neo cities that are fully-connected. In the wake of such exciting innovations in the banking ecosystem, putting together this edition has been an exciting journey for us. In this edition of Banking CIO Outlook, we present to you a list of companies that are transforming the banking landscape with innovative technological capabilities around payment and card. In this edition, SafetyPay is in the spotlight, as the cover story of the magazine. The company provides a secure e-payment method that enables cash sales through a variety of sales channels, such as e-commerce or call centres, for consumers who wish to pay directly through their bank account or in cash without bank accounts. This edition also blends thought leadership, from subject-matter experts with real-life stories, on what selected vendors are doing for their clients, including exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the best-in-class payment and card solution for your requirements.Let us know your thoughts!Copyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Contact Us:phone:510.402.1463Fax:510-894-8405Email:sales@bankingciooutlook.comeditor@bankingciooutlook.commarketing@bankingciooutlook.com NOVEMBER - 01 - 2019, Volume 05 -17 (ISSN 2644-2418) Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.402.1464Annie Mathewsannie.mathews@bankingciooutlook.comVisualizerJaxon JaseIssac GeorgeManaging EditorJames RobertsonUshering into the Future of Cashless BankingJames RobertsonManaging Editor editor@bankingciooutlook.comCarolynn WaltersJustin SmithJoseph MichaelEditorialKenneth ThomasRussell ThomasPaul Barber*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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