20 Banking Realities for 2020
Year one of the Tech Decade in Banking will bring no shortage of tension between technology investments and earnings targets.
Today, every company is a technology company — especially financial institutions. Whether it is competitive pressure to meet changing customer expectations, evolving compliance requirements, or the desire to save money and improve efficiencies, it is critical that banks and credit unions have clear insight into the state of their technology and their vendors. Cornerstone Advisors combines knowledge gained from our customer engagements, our proprietary Vendor Vault™, and our firsthand experience with leading industry technology vendors to ensure our clients have the right vendor partnerships, technology and processes to be future ready.
We negotiate vendor technology contracts with a focus on maximizing leverage and reducing expenses.
An all-in-one solution to help manage vendor risk, vendor performance, and vendor cost.
We have helped more banks and credit unions with technology projects than any other consultant. We are the most experienced and have the most time-tested processes.
Our ContractVault™ is the most comprehensive database of vendor pricing on core, EFT, cards, Internet banking and digital, item processing, LOS and telecom/datacom. We will get you better pricing, terms and SLAs than anyone else.
Our VendorVault™ includes hundreds of financial institution’s vendor satisfaction ratings across every major bank and credit union vendor. Our database also includes the most commonly under-utilized features and frustrations of every major vendor.
Year one of the Tech Decade in Banking will bring no shortage of tension between technology investments and earnings targets.
Banks and credit unions that have lost the ability to differentiate with their own data centers can regain control with a strategic approach to outsourcing.
For all the talk about technology, fintech and disruption, it is still the truth that the biggest reason an FI leaves/replaces a system is that it has lost faith in its vendor or the vendor’s product.
Use these 5 Gonzo Tips to move beyond designer shelf-ware and develop tech plans that actually work.