2016 has been a good year for the digital economy. We have seen remarkable growth in the visible impact of digital technologies on the way we live and work, however there is still a way to go on the journey toward digital transformation. As we look forward to the New Year, we have put together a few thoughts on what 2017 might bring.

Achieving digital transformation means being ‘Glocal’

1.    Usability of payment methods

Payment methods need to become more user-friendly to appeal to various platforms of commerce from the till point to online, taking differing devices into consideration in order to stay competitive. This is especially important for providers of e-commerce payment methods who need to come up with optimised user experience and facilitate the growing trend of mobile payments.

2.    Brexit

Silicon Valley analytics software firm FICO today announced that it has been named a winner in the 2017 CSO50 Awards from IDG's CSO. The company was recognised for its next-generation application security program, which accelerates the delivery of robust, secure applications. 

Financial IT speaks with Apply Financial at FinTech Connect Live 2016, London.

1. Un-Clouding

We have all witnessed the ‘cloud rush’ of recent years where organisations have been encouraged to move their workloads to the cloud. However, there is a growing recognition among organisations that cloud services are not the be-all and end-all – and certainly not always the most cost effective way to deliver all their IT workloads.

Vasco Data Security International, Inc. (NASDAQ: VDSI), a global leader in digital solutions including identity, security and business productivity, announced today that Raiffeisen Switzerland has implemented VASCO’s CRONTO® technology to secure its e-banking customer transactions. CRONTO technology is often referred to as PhotoTAN in Switzerland and Germany.

Oragroup announces successful completion of its IT system overhaul and standardisation programme, in partnership with Sopra Banking Software.

Just a few weeks ago, Tesco Bank became the latest financial services firm to suffer a cyber-attack, with £2.5 million stolen from 9,000 customer accounts. However, this problem isn’t limited to Tesco; a Freedom of Information (FoI) request has revealed that all of the UK’s major banks and lenders have suffered a data breach since 2013.

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is supplying its LinqUS On-Demand Connectivity (ODC) Subscription Management solution and the GSMA compliant Embedded SIMs (eSIMs) to China Mobile.

Ingenico Group, the global leader in seamless payment, today announced that it has signed an agreement to provide global, full-service payment processing to Scalefast, a fast-growing eCommerce platform provider for the video game and entertainment industries, leveraging its eCommerce and cloud-based mobile point of sale (mPOS) solutions.

This comprehensive partnership will enable Scalefast to provide its customers with an integrated, multi-channel payment solution that allows them to accept payments both in-store and online.