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In the News

Financial services media outlets frequently look to Cornerstone subject matter experts for insights and analytics on current industry issues.

Media Mentions Press Releases

Mitek Report Finds Third of Small Businesses Encountering Check Fraud

FindBiometrics. Nov 27, 2023

The data comes by way of Cornerstone Advisors, a consultancy that works with banks and other financial services institutions. The firm surveyed 3,001 adult consumers in the US in 2020, 2022 and 2023, as well as 545 small American businesses in 2023.

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Removing sales tax from interchange would increase risk, costs

CUNA News. Nov 27, 2023 Proposals to require financial service providers to exclude payment processing fees from the sales tax portion of a card payment would bring higher costs for everyone but the largest merchants, according to CUNA-commissioned research from Cornerstone Advisors.

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Pacemakers: Fintech partnerships spur community bank growth

Fintech. Nov 27, 2023 A report from Cornerstone Advisors estimates that 500 community banks and credit unions in the US are making multi-million investments into fintech startups.

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How to Win the Race for Small Business Accounts

Bank Director. Nov 22, 2023 About 75% of SMBs want digital deposit account opening, as do nearly two-thirds of moderate-complexity SMBs, according to the consulting firm Cornerstone Advisors.

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Charging credit card fees on sales tax likely here to stay

Clay Today. Nov 22, 2023 Last month, the Florida Credit Union Association and the Credit Union National Association highlighted a Cornerstone Advisors study outlining the drawbacks of implementing such legislation in Florida and nationwide.

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Financial Institutions Face Critical Crossroads in 2024

The Financial Brand. Nov 22, 2023 “We’ll continue to see a rise in digital spend from high-performing financial institutions,” says Ron Shevlin, chief research officer at Cornerstone Advisors. “In particular, 2024 will see a significant increase on machine learning as FIs experiment with Generative AI use cases and conversational AI tools.”

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With Fintechs Under Pressure, It’s Time for Banks to Assess Partnership Risks

The Financial Brand. Nov 22, 2023 In 2022, a Cornerstone Advisors survey found that fintech was for the first time the “primary driver of growth” for financial institutions. But more than half of all financial institutions have no personnel dedicated to financial partnerships, said Ron Shevlin, Cornerstone's chief research officer.

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Millennials Outspend Boomers on Credit Cards

Newsweek. Nov 22, 2023 Two-thirds of millennials have at least one credit card, a Cornerstone Advisors report shows, and 40% have two or more. The average college student has more than $3,280 of credit card debt.

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3 digital banking technologies to implement that drive incredible ROI

CU Insight. Nov 22, 2023 The 2023 Digital Banking Performance Metrics Report by Cornerstone Advisors states: “It’s no accident or coincidence that the highest performing financial institutions are the most aggressively investing in emerging technologies.”

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Tech in '24

CU Management. Nov 22, 2023 Training is an area of CU operations that could be affected by technology, especially generative AI, says Sandeep Balan at Cornerstone Advisors. “In the meta world, there could be avatar trainers, integrating humans and ChatGPT, to provide flexible, individualized learning that’s available any time."

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