Research Report
Improving Your Financial Institution’s
Data Execution Quality (EQ)
As AI becomes central to banking innovation, Data EQ has emerged as the new baseline for readiness. And most community-based financial institutions are only halfway to where they need to be. In this exclusive report from Cornerstone Advisors, commissioned by KlariVis, Ron Shevlin introduces a groundbreaking framework for assessing how effectively financial institutions utilize their data across five core functions—strategic planning, sales and marketing, credit analysis, operational delivery, and data access and analysis.
What You'll Learn in This Report
- How Data EQ high performers are distinguishing themselves in cultural and procedural—i.e., non-technical—ways
- Practical steps to benchmark data capabilities, strengthen a data-driven culture, and prepare for the next era of intelligent banking
- Ways to improve the accuracy, quality, and utility of your qualitative data for AI success
Report Stats At a Glance
241
is the average Data Execution Quality (Data EQ) score (out of 500) for community-based financial institutions.
26%
of surveyed financial institutions are classified as high performers in data execution quality, with scores above 301.
60
is the margin by which credit unions outscore banks in total Data EQ (271 vs. 211).
Ready to See Real Results With Your Financial Institution?
Solutions from Cornerstone Advisors
Technology Transformation
With the right core, digital and other systems, you can compete, thrive and better serve customers and members. Our Technology Transformation services range from helping financial institutions select and implement new technology systems, optimize the systems they already have for maximum performance, as well as help your organization develop a technology roadmap to determine the state of your current technology and what you need to become future ready.
Performance
Cornerstone’s Performance solutions provide a wide range of consulting expertise to help clients identify opportunities to increase efficiency and productivity across their entire organization, whether it’s enhancing the digital experience or optimizing payments. We leverage these services with our proprietary tools, including Performance Vault and Analytics Vault. Armed with unparalleled insider data analytics and benchmarking intel, your bank or credit union will gain the confidence to make sound, data-driven decisions.
About Cornerstone Advisors
For over 20 years, Cornerstone Advisors has delivered gritty insights, bold strategies and data-driven solutions to build smarter banks, credit unions and fintechs. From technology system selection and implementation to contract negotiations, vendor management, performance improvement programs, strategic planning, merger integration and enterprise program management, Cornerstone combines its expertise with proprietary data and research to help financial institutions thrive in today’s challenging environment. For more information, visit www.crnrstone.com, connect with us on LinkedIn and Youtube, and subscribe to GonzoBanker® for our opinionated take on all things banking.