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In the News

Financial services media outlets frequently look to Cornerstone subject matter experts for insights and analytics on current industry issues.

Media Mentions Press Releases

The consumer experience matters in business banking, too

consumer financial data. Business Insider. BankingTech. Dec 20, 2022 Cornerstone Advisors found that four out of five business owners do not believe their banks provide the services needed to run their business finances.

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Peer-to-Peer Payments Are Key To Financial Institutions

Cards & Payments. financial institutions and fintechs. The Financial Brand. Dec 20, 2022 As financial institutions look to revamp their payment strategies, peer-to-peer payments are expected to play a key role, says a report from Cornerstone Advisors.

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Why Banks Ought to be Wary of the Rapid Rise of Super-Apps

banks. Dec 16, 2022 “According to Insider Intelligence, the super app model in Asia took off thanks to two factors: 1) unbanked populations jumping to mobile payments, and 2) strict app marketplace regulations,” Ron Shevlin, chief research officer at Cornerstone Advisors, wrote in an August 1 article for Forbes. “Neither of these factors is present in the US."

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The growing challenge of customer disengagement

customer data. Dec 6, 2022 Many customers today are disengaged. Among financial institutions alone, 22% of customers are disengaged and 44% are barely engaged, according to a 2020 survey of 3,000 U.S. consumers by Cornerstone Advisors. The question is “Why?

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Building a Robust Digital Ecosystem, Regardless of Size

Digital Banking. Dec 6, 2022 Cornerstone Advisors’ annual report states that 86% of banks say their spending on tech is going to be somewhat or significantly higher this year. It’s not a question of “If,” but when and how your team tackles creating a digital ecosystem.

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Kristy Kim says buy now/pay later is like fast food

Dec 6, 2022 According to Cornerstone Advisors, a recent survey found that about 60% of consumers prefer to buy now/pay later over credit cards due to the ease of setting payments, the simple approval process, and the lack of interest charges.

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Strategies for Credit Unions to Compete in the Modern Banking Industry

banking tech strategies. BankingTech. credit unions. Nov 30, 2022 Banking-as-a-Service can help credit unions develop a new revenue stream (as much as $25 billion over five years, as indicated in a Cornerstone Advisors report) and gain new members, generating more loans, encouraging more and larger deposits, and producing non-interest income through credit and debit cards

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Community Banks Waking Up to Small Business Lending Opportunities

Small Business. Lending. banks. Nov 30, 2022 56% of community bankers cited small business loans as a high priority in 2022 according to a new study commissioned by Amount and produced by Cornerstone Advisors.

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Bank Deposit Growth Strategies to Offset Economic Headwinds

Strategy. growth analytics. deposit. Commercial Banking. Nov 30, 2022 At the beginning of 2022, only 4% of financial institutions offered digital business account opening, according to a report from Cornerstone Advisors.

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Black Friday Spending Up 12%; What Influences Your Shopping Habits?

spending. Nov 30, 2022 According to a recent study from Cornerstone Advisors, 40% of consumers 21-25 years old who contacted a human when opening a checking account tried to get the information they needed online but couldn’t find it, and 28% said the bank’s website or mobile app didn’t support what they needed to do.

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