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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

Best Banks For Millennials [2023]: Bank Smart for a Better Future

banks. Future ready. millenials. Jun 9, 2023 Many millennials choose to bank at traditional national banks. In fact, 44% of Millennials bank at Bank of America, JPMorgan Chase, and Wells Fargo, according to a 2019 study by Cornerstone Advisors. However, many online banking platforms may offer more benefits to millennials than traditional banks.

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HR Answers: How AI can help ease the credit union staffing squeeze

AI. credit union. Jun 9, 2023 While no two credit unions are alike, there is one thing they all have in common: challenges with recruiting and retaining staff. Attracting qualified talent is a top concern today say 67% of bank executives and 63% of credit union executives, according to a survey by Cornerstone Advisors.

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The Family Digital Wallet Is A $26 Billion Deposit Opportunity

deposit. Jun 9, 2023 According to a new report from Cornerstone Advisors, The Rise of Family Digital Wallets, community-based financial institutions should set their sights on offering a specialized digital wallet focused on helping consumers manage the finances of their Gen Z and Gen Alpha.

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How 'healthy debate' at Thought Machine makes it top fintech workplace

Fintech. Jun 7, 2023 Being mission driven doesn't necessarily mean the company must focus on philanthropic endeavors, said Sam Kilmer, managing director of the fintech advisory practice at Cornerstone Advisors. Instead, employees can find fulfillment from building the proverbial better mousetrap as long as they understand what they are doing and there is trust in the company's management.

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Shouldn’t It Be The Foundation of Finance? (with Sam Kilmer)

Accounting & Finance. Jun 7, 2023 Sam Kilmer, managing director at Cornerstone Advisors breaks down and discusses all the moving pieces. Trust, communication, and accountability.

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Technical Debt Is Standing in the Way of Banks’ Modernisation

banks. Jun 3, 2023 According to Cornerstone Advisor’s 2023 What’s Going on in Banking Report, 49 per cent of bank and credit union executives believed fintechs to be a significant threat in the upcoming decade, surpassing mega banks and tech companies.

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How cloud banking benefits customers

banking. cloud. Jun 2, 2023 Terrie Cloud, director at Cornerstone Advisors, underscores another essential benefit of cloud banking for financial institutions of all shapes and sizes: speed. “Cloud banking makes a bank more nimble and agile without having the overhead of infrastructure,”

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How credit unions gained some of the deposits banks lost

deposits. credit unions. Jun 1, 2023 "I don't see many [credit unions] changing their efforts on gaining bank deposits beyond what they have done in the past," said Vincent Hui, managing director at Cornerstone Advisors.

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What Do Credit Unions Need to Attract Millennials & Gen Z?

credit unions. May 31, 2023 Self-service machines free up branch employees to focus on providing financial guidance. In comparison to baby boomers and Gen X, millennials and Gen Z are more likely to go to their bank’s account managers when they need advice, a Cornerstone Advisors study found.

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Mobile Banking Attracts Deposits; Does It Aid Their Exit?

mobile banking. May 30, 2023 Ron Shevlin, chief research officer of Cornerstone Advisors, believes a small percentage of banks will face notable deposit exits, with most banks able to keep funds stable. He also points out that banks benefited from having digital and mobile banking channels, especially in the earliest days on the coronavirus pandemic.

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