What's keeping most bank executives up at night? Two words: regulatory compliance.
The threat of being punished for any regulatory compliance mishaps has helped make compliance the chief concern of 68 percent of banking executives, according to information gathered on 2015 banking tech trends by CDW's FinTalk blog. In fact, maintaining and managing operations to stay in line with regulatory compliance can add up to as much as 10 percent of operating costs.
On the positive side, banks are moving to support the overwhelming demand for mobile banking. According to the infographic, more than 60 percent of bank customers are expected use mobile in 2015 and 37 percent of banking executives are prioritizing mobile payments as their "single most important focus" in the new year. That means customers won't have to wait long to embrace a future in which their phone doubles as their wallet. Which is great, since countries like Japan have been enjoying the benefits of mobile payments for years.
Check out the full infographic from CDW below.