In the News

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.

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.

The Checking Account War Is Over (And The Fintechs Have Won)

Fintech. checking account. Jul 5, 2023 A new study from Cornerstone Advisors, looking at who Americans open checking accounts with, underscores the growth of digital banks and fintechs like Chime, PayPal, and Square—and the decline of megabanks like Bank of America, JPMorgan Chase, and Wells Fargo.