The 2027 CIO Mandate: Get a Grip on Tech Complexity Before It Gets a Grip on You
By Terence Roche, Founding Partner, Cornerstone Advisors
Banks and credit unions have spent years stacking platforms, vendors, data feeds and shiny AI experiments in the name of progress. Now the tab is due. The CIO’s 2027 mandate isn’t more tech—it’s making the tech stack less of a hairball. Because flatter budgets, shadow IT and AI savings pressure don’t mix well with spaghetti systems.
Chime Buys Its Sponsor Bank to Cut Costs, but the Math Gets Harder After Closing
What’s Going On? Chime announced a definitive agreement to acquire Stride, one of its partner banks, for $590 million in cash. Stride Bank will be renamed Chime Bank, N.A., with closing expected in the first half of 2027 pending OCC and Federal Reserve approval. Chime expects more than $100 million in net synergies, mostly from eliminating sponsor-bank fees and lowering funding costs, and it plans to keep total assets below $10 billion for the foreseeable future. Staying under that threshold keeps Chime clear of the Durbin amendment’s debit interchange caps.
So What? Chime has said its partner banks couldn't keep up technologically, and its fix is to buy one. That makes Chime responsible for upgrading a 113-year-old bank's infrastructure, and the cost of doing so will eat into the synergies before anyone sees them. The deal also carries an irony. Banks usually acquire banks to grow, but Chime is buying one it needs to keep small, because its model depends on interchange revenue from low- and middle-income consumers. At the same time, it wants to expand lending, and Stride is already more than halfway to the $10 billion line. Whether the market keeps valuing Chime as a fintech is an open question. SoFi’s multiple survived its bank purchase, but SoFi also bought Galileo, so the comparison isn’t apples to apples. The message for community banks in the sponsor-bank business is that your most successful fintech partner will eventually either buy you or leave you, and you should plan for both.
The Clarity Act’s Collapse Is Good-ish News for Banks, and “Ish” Is Carrying a Lot of Weight
What’s Going On? On September 15, the Senate’s cloture motion on the Clarity Act failed 49 to 50, well short of the 60 votes needed. The bill would have created a federal framework for digital assets by dividing oversight between the SEC and CFTC. That division wasn't what sank it. The dispute was over ethics language on officials’ crypto holdings, and the seven Democrats who had spent months negotiating the text all voted no. Republican Susan Collins also voted no. With the midterms weeks away, the realistic path for crypto rules in 2026 now runs through the regulators, and the SEC’s proposed crypto asset regulation is open for comment until October 20.
So What? The banking lobby’s objection to the bill was stablecoin yield. The ABA, ICBA, and 76 state associations pressed for changes to ensure payment stablecoins can’t function as substitutes for bank deposits, and they rejected a last-minute “circuit breaker” that would only have let regulators act after deposit flight had already happened. Banks avoided a weak fix, but they didn't get a real one either. With the bill dead, the GENIUS Act still bars issuers from paying yield, but exchanges and other intermediaries keep more room to offer rewards. The loophole that worried bankers is still open, and the fight shifts to agencies where banks have less leverage than they do with community-bank-state senators. Community banks shouldn’t count on Washington to protect their deposit base. The better bet is to give customers reasons to keep money in the bank that don’t depend on a rate.
Smarter Data
What's in Your Tech Stack?
A single lending platform can rely on dozens of connected systems for audits, compliance, bureau reporting, disclosures, statements and more. Every major platform is a Russian doll of fourth-, fifth- and nth-party dependencies. Bottom line: vendor management isn’t a box to check—it’s core to governance, risk and compliance.
The Loan Your Commercial Customers Wish You’d Make
Turns out the most overlooked loan at community banks may be worth billions. The Most Valuable Loan Community Banks Don’t Make: The Hidden Value of Consumer Lending reveals how consumer lending protects deposits, strengthens relationships and creates growth opportunities banks are letting walk out the door.
Bank Marketing’s New Speed Limit: Faster or Forgotten
Marketing windows are shrinking. Compliance queues aren’t. Speed Is a Revenue Strategy: How AI Agents Accelerate Bank Marketing explores how AI agents can help banks and credit unions move from “nice campaign idea” to in-market revenue opportunity—before the moment is gone.
With Tony DeSanctis, Vice President, Cornerstone Advisors, and Elizabeth Gujral, Director, Cornerstone Advisors
Stop planning for AI. Start using it. Waiting for perfect data, perfect policies and the perfect plan? You’ll be waiting while AI moves right past you.
Tony and Elizabeth make the case for starting small, crowdsourcing ideas from the people doing the work, and prototyping your way to results.
With Sam Kilmer, Managing Director, Cornerstone Advisors
Fintech moves fast. The market keeps score.
Sam caught up with Mitch Rutledge (Vertice AI), Shanthi Shanmugam (Casap) and Chris Sibila (Purdue Federal Credit Union) after FinovateFall 2026 to talk AI, friction, partnerships and where innovation is actually gaining ground.
No script. Just a read on the market from people in it.