EditorialComplex Payments SimplifiedWith the rapid technological evolution, like every other industry, the payment and card landscape has also undergone a paradigm shift. The industry has witnessed state-of-the-art tools that can radically upend the existing business models, drive down operational costs, simplify processes, and augment the user experience. With today's overwhelming mix of virtual assistants, smartphone apps, and the Internet of things (IoT) devices, payments can now be carried out digitally, anywhere, anytime. These cutting-edge financial technologies are revamping the established model of payment services to offer a frictionless payment experience. The fragmentation of the market, coupled with initiatives such as Payment Systems Directive (PSD) and open banking, which aim to open up the market to third-party providers, are expected to further drive innovation in the sector. Moreover, as payment providers are looking to increase security, both in response to PSD2 regulations and the increasing sophistication of fraud tactics, biometrics data is going to become an incredibly valuable tool for purchases. Efforts are also underway to integrate payments more closely into enterprise resource planning (ERP) systems. This will improve the customer experience and enhance operational benefits across the broader organization.As technology continues to advance, B2B organizations will continue to look for solutions to simplify how they bill their customers and to get paid more quickly while reducing costs. In such a scenario, organizations must look for solutions that can be integrated seamlessly with their back-office systems and payment operations. This edition of CIO Applications Europe features the latest developments in payment and card landscape along with a host of new technologies, innovations, and disruptive players that are accelerating the momentum. Leafing through these pages will keep you updated on the refreshing technologies and the latest trends in the modern payment and card stack.Let us know your thoughts.Royce D'Souza Managing Editoreditor@cioapplicationseurope.comEditorial StaffBen Jackson Ezra BenjaminJames SmithCalvin JamesSenior WritersLeah JaneClara MathewJoe PhillipSalesJennifer.Sjennifer.s@cioapplicationseurope.com 510.996.5125Graphics & ArtScott JuasyJohn Gotham*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffContact Us:Phone: 510.996.5125Email:sales@cioapplicationseurope.comeditor@cioapplicationseurope.commarketing@cioapplicationseurope.comFEBRUARY - 21 - 2020, Vol 04 - Issue 5 (ISSN 2644-2531)Published by ValleyMedia, Inc.To subscribe to CIO Applications EuropeVisit www.cioapplicationseurope.com Copyright © 2020 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.Royce D'SouzaManaging EditorRoyce D'Souza
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