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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

Diversify, and then diversify some more

credit unions. May 29, 2023 Silicon Valley Bank's failure doesn't necessarily mean there is no longer a place for banks with a niche focus and strategy that sets them apart from others, said Al Dominick, a partner at Cornerstone Advisors. Investors still expect banks to figure out how to separate themselves from the pack.

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LGBTQ+ fintech Daylight to close its doors

Fintech. May 25, 2023 Challenger banks targeting niche customers are struggling to meet market demands, says Ron Shevlin, chief research officer at Cornerstone Advisors. He thinks the customer base of challenger banks represents neither a good source of making money nor great lending options.

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Daffy Launches Embedded Fintech Offering For Charitable Giving

Fintech. May 25, 2023 A study from Cornerstone Advisors identified embedded fintech opportunities for banks that included bill negotiation services, subscription management, data breach and identity protection, wealth transfer management, and cryptocurrency investing.

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Apple’s financial moves could offer lesson for fintechs

Fintech. financial marketing. apple. May 24, 2023 “Apple is just not going to become everything for everybody," says Ron Shevlin, chief research officer at Cornerstone Advisors. "The fintechs need to really understand and stick to their strategy, their approach, their differentiation, and their market.”

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New Report Reveals Untapped Youth Market for Banks and Credit Unions

Marketing. May 23, 2023 The latest Cornerstone Advisors report explores how financial institutions can serve the next generation of banking customers by offering a family digital wallet experience

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Fintechs expand AI auto-lending tool for credit unions

AI. financial institutions and fintechs. credit unions. May 22, 2023 Adopting tools for automation can require a certain level of trust from executives, said Daryl Jones, senior director at Cornerstone Advisors, and there can be a disconnect when "the behavioral side never gets changed to adopt the technology and allow for the efficiency and scale."

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Digital Transformation offers a look into getting your strategy right

bank digital transformation. May 18, 2023 “According to our partners at Cornerstone Advisors, by the end of 2022 a full 96% of credit unions had launched a digital transformation strategy—but only 3% report they have completed their efforts,” said Christopher Stevenson, CAE, CIE, CUES SVP/Chief Learning Officer.

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How merging banks can avert technology disaster

bank technology. BankingTech. May 18, 2023 Vincent Hui, managing director at Cornerstone Advisors, said migrating all systems from one bank to another can be simpler than when banks choose to patch together the best of their systems. Optimization strategies, like cutting down vendors, technologies and staff to maximize efficiency and reduce cost, add execution risk.

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Jack Henry Ready to Connect CUs to Upcoming FedNow RTP Network

Jack Henry. credit unions. May 18, 2023 Cornerstone Advisors’ “What’s Going On In Banking 2023” report stated that in a Q4 2022 survey of 300 community financial institution executives, 77% of credit unions said they had already implemented or planned to implement RTPs. Twelve percent said they had already launched the service, 30% planned to in 2023 and 35% planned to in 2024.

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Small Pittsburgh credit union gets a $1 million boost from a bank

credit union. May 17, 2023 Vincent Hui, managing director at Cornerstone Advisors, said that the partnership is "very intriguing" as banks and credit unions don't often collaborate. "Such assistance is a nice option for small credit unions," he said.

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