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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

Credit Card Competition Act puts retailers profits before our security

credit cards. security. Jul 19, 2023 By 2031, credit card fraud losses are expected to rise to $19 billion — about 10 cents for every $100 in purchases, according to a new report from Cornerstone Advisors.By 2031, credit card fraud losses are expected to rise to $19 billion — about 10 cents for every $100 in purchases, according to a new report from Cornerstone Advisors.

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Deposit growth in tricky times

Jul 18, 2023 When it comes to 2023, “we’re calling it the year of deposits,” says John Meyer, senior director with Cornerstone Advisors. In a Cornerstone survey from December, 70% of bank executives ranked small business deposits a priority for 2023, up from 40% a year earlier.

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Are You Fighting Yesterday’s Checking Account War Instead of Today’s?

checking account. Jul 17, 2023 Checking accounts are a vital source of funding for banks and credit unions. FIs celebrating their success in this area need to take a second look at the data, says Ron Shevlin from Cornerstone Advisors.

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The Banking Crisis Has Only Just Begun

banking. Jul 17, 2023 Even if Q2 results are rosy beyond expectations, bankers shouldn’t delude themselves into thinking the industry is out of crisis mode.

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It's the 'T' Word Again

Jul 16, 2023 A survey from Mitek and Cornerstone Advisors reveals that nearly 88% of Americans accessed their checking accounts using a smartphone or tablet during 2022. Although consumer confidence in platforms is high, roughly one-third of mobile banking users are “very” concerned with various types of mobile banking related fraud activities, the report shows.

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CUNA, AACUL interchange study generates media coverage

interchange. Digital Media Solutions. CUNA. Jul 14, 2023 A new study conducted by Cornerstone Advisors shows the true cost of interchange and the harm that would result of Congress passes the current interchange bill.

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Traditional community banks are partnering more and more with fintechs

Fintech. Jul 12, 2023 Based on a 2022 report from banking consultant group Cornerstone Advisors, nearly two-thirds of banks nationally partnered with at least one fintech company in the three prior years. Many of these partnerships have been banks trying to speed up something like drawn-out application processes with high-tech platforms.

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Can Crypto Match the Internet and Hit 5B Users?

internet banking. cryptocurrency. Jul 12, 2023 A 2023 Cornerstone Advisors report stated that 56% of checking account holders are active mobile banking users. Only 76% of the global population has a bank account.

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Fintechs, digital banks make gains in battle for checking accounts

Fintech. banks. digital fintech. checking account. Jul 12, 2023 Digital banks and fintechs made up nearly half of all new checking accounts opened so far in 2023, up from 36% in 2020, according to a survey by Cornerstone Advisors.

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A strategy for scalable FI innovation

Jul 12, 2023 Banks have, for some time, seen a drain on consumer deposits, and it seems that fintechs are making up the difference. A new report by Cornerstone Advisors found that so far this year, fintechs have managed to capture 47% of new checking account openings.

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