In the News

Banking-as-a-service grows as regulators play catch-up

Banking Dive. Oct 25, 2022 A sponsoring bank with 1 million consumer accounts, growing at 2% per month, that shares revenue for most revenue sources with a BaaS infrastructure provider would generate roughly $17.2 million in annual noninterest income from providing BaaS, according to a February report by Cornerstone Advisors.

Will Elon Musk’s Twitter Disrupt Banking?

Banking Dive. Oct 10, 2022 According to Ron Shevlin, Chief Research Officer at Cornerstone Advisors, “While Musk’s vision of a ‘super app’ may or may not be similar to the super apps dominant in Asia, Elon has a huge barrier to overcome in creating a super app: He is a polarizing figure and many people will not want to use his super app because it came from him.”