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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

Treasury Prime enhances bank network at critical time for banking

treasury. banking. Aug 1, 2023 In the 2023 “What’s Going On in Banking” survey, Cornerstone Advisors found that banks’ greatest priority in 2023 had shifted significantly to growing their deposits. A digital account opening strategy is becoming a critical component.

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A Beach Club Dinner and Jamie Dimon’s Touch: How PacWest Was Rescued

Jul 27, 2023 “This is one of those deals that kind of had to happen” even though high interest rates have largely kept a lid on bank mergers so far this year, said Al Dominick, a partner at the bank consultancy Cornerstone Advisors.

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How FedNow Could Change the Financial Landscape

Jul 27, 2023 New research from Cornerstone Advisors shows that digital banks and fintechs account for nearly half (47%) of new checking accounts opened by consumers, demonstrating that consumers expect flexibility, personalization, and easy money movement in the digital age.

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SavvyMoney – the power of partnerships in fintech & banking

banking. bank fintech partnerships. Jul 27, 2023 Despite rising competitive threats, nearly 90% of banks and financial institutions see fintech partnerships as somewhat or very important to their organization, according to a report by Cornerstone Advisors.

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The biggest credit union gets even larger

credit union. Jul 25, 2023 Navy FCU's positioning with the military undoubtedly gives it a competitive advantage against other credit unions and banks, said Vincent Hui, managing director at Cornerstone Advisors.

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What Do We Get With The Federal Reserve’s FedNow Instant Payments?

payments. Jul 24, 2023 A survey of banks and credit unions by Cornerstone Advisors found that less than half of banks and just 42% of credit unions expect to offer real-time payments by the end of this year. In fact, nearly a quarter of institutions aren’t sure when they’ll offer it.

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Understand the true impact of interchange regulation

interchange. Jul 24, 2023 CUNA and the American Association of Credit Union Leagues (AACUL) commissioned Cornerstone Advisors to study the impact of the 2010 Dodd-Frank Act’s Durbin Amendment, which implemented debit card routing mandates and debit interchange price caps.

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Fed’s new instant payment system could be trouble for PayPal, Venmo

payments. paypal. Jul 21, 2023 Financial services consulting firm Cornerstone Advisors reported that almost a quarter of financial institutions said they were waiting for FedNow's launch before they even considered hatching their own instant-payments strategies.

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Federal Reserve Platform Will Finally Bring Payments To More Banks

banks. Cards & Payments. Jul 20, 2023 Nearly a quarter of financial institutions were waiting for the FedNow launch to even adopt a real-time payments strategy, according to a report from financial services consulting firm Cornerstone Advisors.

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‘Goodwill Credit’ For Apple Saving's Could Cost It $200 Million

apple. Jul 19, 2023 To placate disgruntled customers, Apple announced it would offer a $100 “goodwill credit” to affected savings account holders. At $100 per goodwill credit, Apple could be on the hook for $200 million in credits.

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