Research Report
Billions Lost: The Cost of Bankers’ Myths About Americans’ Finances
Based on a survey of 2,500 U.S. adults, this report, commissioned by Array, debunks five myths that have cost financial institutions billions in lost revenue. Noted fintech author Ron Shevlin quantifies the source of that lost revenue and shows banks and credit unions ways to recapture it from fintechs and other non-banks.
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What You'll Learn in this Report:
• The truth behind common financial myths
• Consumer interest in financial health tools by generation
• Service offerings that can help institutions recoup lost revenue
• Actionable steps to help banks and credit unions rise above outdated narratives and drive more strategic decisions
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About Cornerstone Advisors
At Cornerstone Advisors, our goal is to deliver tangible business impact to financial institutions and fintechs. We know that when institutions improve their strategies, technology, and operations, enhanced financial performance naturally follows. Because we live by the philosophy that businesses can’t improve what they don’t measure, we show banks and credit unions how to use laser-focused measurement to make smarter technology decisions.