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Financial services media outlets frequently look to Cornerstone subject matter experts for insights and analytics on current industry issues.

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Fintech

Pacemakers: Fintech partnerships spur community bank growth

A report from Cornerstone Advisors estimates that 500 community banks and credit unions in the US are making multi-million investments into fintech startups.

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Pacemakers: Fintech partnerships spur community bank growth

A report from Cornerstone Advisors estimates that 500 community banks and credit unions in the U.S. are making multi-million investments into fintech startups.

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Traditional community banks are partnering more and more with fintechs

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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Fintechs, digital banks make gains in battle for checking accounts

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

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.

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

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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LGBTQ+ fintech Daylight to close its doors

Challenger banks targeting niche customers are struggling to meet market demands, says Ron Shevlin, chief research officer at Cornerstone Advisors. He thinks the customer base of challenger banks represents neither a good source of making money nor great lending options.

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Daffy Launches Embedded Fintech Offering For Charitable Giving

A study from Cornerstone Advisors identified embedded fintech opportunities for banks that included bill negotiation services, subscription management, data breach and identity protection, wealth transfer management, and cryptocurrency investing.

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Apple’s financial moves could offer lesson for fintechs

“Apple is just not going to become everything for everybody," says Ron Shevlin, chief research officer at Cornerstone Advisors. "The fintechs need to really understand and stick to their strategy, their approach, their differentiation, and their market.”

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The First Considerations in a Bank-Fintech Partnership

Ron Shevlin, chief research officer at Cornerstone Advisors, cites USAA as an example of what it means for a bank to have a strong digital strategy. When it comes to financial technology, a successful strategy begins before thinking about specific technologies or even using the word “technology,” Shevlin says.

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