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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

Bank Of America’s And Chase’s Digital Wallet Is DOA

Digital Banking. Jan 23, 2023 With the recent announcement from Goldman Sachs that it lost more than $1 billion on the Apple credit card, you have to wonder if Bank of America, Chase, and Wells are really all that worried about the Apple Card.

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How Community Banks Are Fueling The Growth Of Fintech

Fintech. growth analytics. banks. Jan 23, 2023 According to Cornerstone Advisors’ What’s Going On in Banking 2023 study, there are about 500 community banks and credit unions making direct investments into fintech startups.

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How To Attract Talent When Big Techs And Fintechs Layoff Staff

IT staffing. financial institutions and fintechs. banking talent. Jan 13, 2023 Current economic conditions—coupled with the wave of layoffs among fintech and Big Tech companies—may be tempering the so-called “great resignation” of 2022, but don’t tell that to banks.

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Digital Banking Is Not The Big Threat

Digital Banking. Jan 2, 2023 Chris Miller, director at Cornerstone Advisors, fully expects chatbots will only continue to learn and improve in their service delivery at a faster pace than CU call centers and member service reps, which could spell trouble for branches not too far down the road, at least in their current iteration.

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Will Twitter, PayPal and Walmart compete to launch America’s super app

Dec 29, 2022 “Super apps took hold in Asia because Asian consumers owned under-powered smartphones that weren’t conducive to managing 40 to 50 separate apps,” according to Ron Shevlin, chief research officer at Cornerstone Advisors.

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Crypto Problems An Opportunity For CUs?

Credit Union 2.0. cryptocurrency. Dec 28, 2022 Cornerstone Advisors President Steve Williams contends what has led to many of the cryptocurrency platform failures is poor governance within those organizations.

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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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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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