In the News

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.

Consumers are placing their trust in mobile deposits

deposits. mobile banking. Consumer Affairs. Jan 4, 2023 In our post-pandemic world, most people have become used to interacting with their banks online and aren’t interested in returning to their old in-person, branch-based banking habits. This was one of the key findings from a recent report Mitek conducted with Cornerstone Advisors, based on a survey of more than 1,000 U.S. consumers.