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Research Report 

Improving Your Financial Institution’s Data IQ 

Based on a survey of executives from 128 financial institutions, this new research from Cornerstone Advisors and Apiture explores why financial institutions struggle with data management, including technological limitations, governance issues, security concerns, and the rising demand for real-time analytics. 

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What You'll Learn in this Report

• A clear definition of categories of data management
• Hallmarks of high data IQ institutions
• A framework of attributes across the categories to help FIs assess how well they acquire, manage, and use data today
• Tips for improving efficiency, enhancing customer experiences, and maintaining a competitive edge in an increasingly data-driven world

Report Stats At a Glance

15%

 

annual growth in corporate spending on data is expected between 2025 and 2030.

71%

 

of low-performing financial institutions say they are not effective at using data to enhance the customer experience.

$1M-$2M

 

is the estimated annual data initiative spend for every $1 billion in assets.

Ready to See Real Results With Your Financial Institution?

Solutions from Cornerstone Advisors

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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.

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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.