In the News

Banks should prepare to spend big on cyberdefenses

banks. Cards & Payments. spending. Nov 3, 2022 Cybersecurity was a leading concern for US bank executives polled this year by Cornerstone Advisors. Spending big to improve cybersecurity can feed back into banks’ bottom lines by strengthening digital trust and confidence among customers.

Online banks are leading the interest-rate charge

banks. Interest Rate. Oct 25, 2022 Ron Shevlin, chief research officer for Cornerstone Advisors, said there is a group of customers who actively manage their savings account and are willing to move the funds — what he called hot deposits. But a larger group of U.S. banking customers don’t look to maximize returns on their deposits.

Where next for banks on their rock-strewn cloud journey?

banks. cloud. Oct 18, 2022 The latest What’s Going On In Banking study from Cornerstone Advisors suggests that around two-thirds of US banks and credit unions now have applications running in the cloud.