In the News

Financial Institutions Face Critical Crossroads in 2024

The Financial Brand. Nov 22, 2023 “We’ll continue to see a rise in digital spend from high-performing financial institutions,” says Ron Shevlin, chief research officer at Cornerstone Advisors. “In particular, 2024 will see a significant increase on machine learning as FIs experiment with Generative AI use cases and conversational AI tools.”

With Fintechs Under Pressure, It’s Time for Banks to Assess Partnership Risks

The Financial Brand. Nov 22, 2023 In 2022, a Cornerstone Advisors survey found that fintech was for the first time the “primary driver of growth” for financial institutions. But more than half of all financial institutions have no personnel dedicated to financial partnerships, said Ron Shevlin, Cornerstone's chief research officer.

Ep. 7: Better Lending Performance Through Point of Sale

Lending. performance. Sep 22, 2023 Daryl Jones, senior director at Cornerstone Advisors, joins Frank Diekmann to discuss why it's essential for credit union lenders to leverage their point-of-sale processes.

Leveraging Digital Channels to Bank Small Businesses

Small Business. banks. digital channels. Sep 21, 2023 Ron Shevlin, chief research officer at Cornerstone Advisors, highlights the opportunity for community financial institutions to reinvent their business checking accounts in a recent research report titled What Do SMBs Want in a Small Business Bank Account?

Moving Money in Today’s Market

Money Talks News. Sep 21, 2023 Cornerstone Advisors President Steve Williams talks liquidity and more with Lendkey CEO Vince Passione

Shifting Sales Focus To New Point

Sep 20, 2023 Cornerstone Advisors' Sam Kilmer stressed it is no longer effective for credit unions to sit back and wait for consumers to come to them—whether that be through branch doors or digitally, saying such a wait-and-see posture is costly.

Midwest energy sector strong but constrained by volatility

Sep 1, 2023 Cornerstone Advisors Senior Director John Meyer called wind energy a robust potential growth source for community banks with locations in regions with consistently strong gusts and significant temperature fluctuations. Meyer doesn’t expect bank regulators to scrutinize oil and gas lending immediately. Instead, he expects them to prioritize strengthening bank liquidity standards following the high-profile failures of Silicon Valley Bank, Signature Bank, and First Republic Bank.

Time To Focus On 'Family Digital Wallet'

Digital Banking. Aug 22, 2023 Family digital wallets extend credit unions' reach and ability to attract new customers and win over young credit union members, said Tristan Green, director at Cornerstone Advisors.

What Do SMBs Want In A Small Business Bank Account?

Small Business. Accounting & Finance. Aug 21, 2023 A new study of small to medium-size businesses (SMBs) from Cornerstone Advisors and StrategyCorps reveals surprising findings about small business banking.