Online or digital payment has become an accepted norm in today's fast-moving business landscape. Banks and financial organisations now face an overwhelming number of strategic choices, owing to the emergence of numerous technological and regulatory developments in Europe, which includes instant payment, PSD2, GDPR, Open Banking, mobile payments, and digital identity. Besides, the growing penetration of virtual assistants, smartphones, and IoT devices in the arena allows users to carry out digital payments, from anywhere and at any time. Customers are expecting frictionless payment services on multiple platforms, forcing banks, payment service providers, and investors to offer rich user experience coupled with data security and privacy to attain improved visibility, financial control, and cost-saving opportunities.In this digital age of connected devices, fostering streamlined cross-border payment and seamless international banking has become an absolute necessity to address the demands of the global economy. However, emerging advancements bring new challenges, and financial firms need to navigate through this volatile market to remain competent and reliable. While cross-border payments present firms with a pivotal opportunity to drive global trade, ensuring seamless and transparent international transactions still seem farfetched in many countries. In this edition, we are featuring the story of the German firm, PAA CAPITAL GROUP that provides robust cross-border payment services to enterprises and banks through the combination of a network of segregated bank accounts. The company aims to redefine the future of banking as a service by empowering enterprises to integrate bank accounts, prepaid debit cards, international inward and outward payments, and currency exchange on a secure, user-friendly cloud-banking platform with free iOS and Android apps.As the payment methods continue to evolve from credit cards and online banking to digital wallets, QR code scanning, and even to bitcoin transactions, service/consulting companies are leveraging the latest technology to ensure security, regulatory compliance, and seamless transaction experience for clients. The onset of emerging trends in the e-commerce market, such as instant in-app payment and QR code scanning, paves the path for providers to revolutionise payment processes in the industry.In leafing through this listing, you can glean the opportunity to select the best vendor that can help your business avail the immense benefits of the innovative payment and card services that exist today.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 OCTOBER - 14 - 2019, Volume 05 -13 (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 RobertsonDriving Seamless Digital PaymentsJames 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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