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Research Report

Five Mistakes to Avoid in DAO

To learn more about the five mistakes to avoid in digital account opening, read the full report from Cornerstone Advisors.

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What You'll Learn in this Report

  • Financial institutions are prioritizing digital account opening due to the need for operational efficiency and customer experience improvement, as well as the competitive pressures in the market. 

  • Institutions must steer clear of key mistakes including underestimating integration complexity, neglecting marketing requirements, failing to cross-sell effectively and more.

  • A philosophy of continuous improvement is crucial for successful digital account opening. Financial institutions should actively monitor customer experience, proactively reduce friction, and constantly seek innovative ways to enhance the overall process. 

What's at Stake

$

is the amount a typical $5 billion bank could save per year

$

is the amount a typical $5 billion bank could save per year

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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.