5 financial IT predictions to close out 2016

by CDW Financial Services|Dec 21, 2016

With just a few days left in the year, those “in the know” are making predictions for what 2017 will bring. This week’s FIN List has five financial IT predictions about top tech trends, strategic priorities, threats and fintech to close out the year.

  1. Ten strategic banking priorities for 2017. This recently published “Digital Banking Report” surveyed over 500 financial services executives on their top priorities for the coming year. Improving the digital experience, enhancing data analytics and finding ways to reduce costs topped the list. Interestingly, the desire to partner or invest in fintech relationships appears to be a low priority for all but the largest organizations.
  2. Top financial services tech trends in 2017. Technology in financial services has begun to catch up to where it should be. Disruptive technology was a buzzword in 2016 and will continue to be in 2017. AI, VR, blockchain and digital technology platforms are just four of the disruptive technology trends financial services organizations should brace for in 2017.
  3. Evolving tech will introduce new threats in 2017. Trend Micro has released its annual security predictions report, revealing that the upcoming year will include an increased breadth and depth of attacks. IoT will play a larger role in targeted attacks in 2017, and these attacks will capitalize upon the growing acceptance of connected devices by exploiting vulnerabilities and unsecured systems to disrupt business processes.
  4. Credit unions positioned for success in 2017. CUNA and League victories on both the legislative and regulatory fronts position credit unions to take advantage of opportunities in 2017, says CUNA Chief Advocacy Officer Ryan Donovan. Donovan called 2016 a “remarkable” year from a credit union advocacy perspective and believes credit unions are well positioned for continued success in 2017.
  5. Wealth managers should ride the fintech wave. Wealth managers can learn from consumer-friendly fintech upstarts and master big waves of their own. In fact, innovation in the fintech sector is being driven by many of the same trends behind the recent surge in consumer tech, such as mobile, social and data science.

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