ICYMI. Didn't catch the 'Z Hits Different: How to Better Acquire and Engage a New Generation' webinar with Mary Wisniewski & Frich Money's Katrin Kaurov? We got you! Watch the replay 👉 https://lnkd.in/gYpp7a9V #banks #creditunions #genz #genzmoney #socialfinance #webinar
Cornerstone Advisors
Financial Services
Scottsdale, AZ 10,386 followers
Taking financial institutions from strategy to execution.
About us
The Cornerstone Advisors team defines success by how well we improve the strategies, technologies and operations of our clients – and how well this translates into improved financial performance. Having worked with hundreds of national and international financial institutions, Cornerstone professionals have developed an expertise in how banks and credit unions operate and the best practices that enable high performers to succeed. We have also developed a comprehensive understanding of the technology providers that serve the financial services industry – what works, what doesn’t, and how an organization can best leverage its technology dollars. Formed by some of the financial industry’s most respected strategy and technology consultants, Cornerstone’s goal is to continue building an advisory firm that is legendary for the value we bring to financial services clients. Simply put, Cornerstone’s industry knowledge is unmatched, and our “no nonsense” approach to closing the gap between strategy and reality can help institutions improve their competitive position in the market. From strategy to execution – Cornerstone Advisors. Follow some of the Cornerstone Advisors' voices on our Podcasts - https://www.crnrstone.com/podcasts.
- Website
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https://www.crnrstone.com
External link for Cornerstone Advisors
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Scottsdale, AZ
- Type
- Privately Held
- Founded
- 2002
- Specialties
- Strategic Solutions, Performance Solutions, Technology Solutions, Contract Solutions, Payment Solutions, Channel Solutions, I.T. Risk Services, and Publications
Locations
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Primary
7272 East Indian School Road, Suite 400
Scottsdale, AZ 85251, US
Employees at Cornerstone Advisors
Updates
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❓ Seeking new avenues of growth? What about your lending operations? New research from Cornerstone Advisors and Zest AI explores AI’s impact on lending and presents opportunities for banks and credit unions to improve operational lending efficiency ➡️ https://lnkd.in/gQUaiD66 #banks #creditunions #lending
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🔥 What does a lower interchange mean for consumers? Continuing with our Hot Takes series, Kevin Von Holten and Tony DeSanctis discuss the Credit Card Competition Act and the impact it could have. Get the facts on the latest Hot Takes! #RegII #CCCA #Regulation #HotTakes #CreditCardPayments #Payments
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🆕 Hot off the press and already a bestseller! Ryan Rackley shares his insights on the keys to mastering influence and persuasion in 'Influence and Impact'. Get your copy today. #booklaunch #sales #contractnegotiations #contracts
The wait is over—TODAY is the big day! Influence and Impact is NOW available on Amazon, and with it, the keys to mastering influence and persuasion like never before. Launch day has been a resounding success with the book already achieving 2 bestselling lists! Influence and Impact is a game-changer. With Christopher Voss, the expert negotiator, leading the charge, and contributions from top entrepreneurs and professionals around the world including yours truly; Influence and Impact is your definitive guide to building genuine connections and expanding your influence. Purchase Influence and Impact today on Amazon and unlock a special bonus package as a token of appreciation for your support. To claim your bonuses, simply buy the book on Amazon and email your receipt to [email protected]. Take a sneak peek HERE! https://lnkd.in/g-xvg8h3 Also, if you know me and want a special signed copy let me know in the post comments. I'll see what I can do. Thanks so much to all those who put in the work to make today a reality Christopher Voss, Julia Bardmesser, Mark Scribner, Homer Smith, Radim Pařík, Patricia Santos, Blair Lukan, CFP®, Ed Piergies, Nick Nanton, Elizabeth Rowe, Dmitry Mishunin, Vaun Podlogar, Alen Rakipovic, Sheryl Driggers, Trey A. Novara, CFP®, AWMA®, Alan Orlikoski, Pablo M Linzoain MSc. MBA, Deepthi Barrett, Renetta Cheston BS HCAM, MS HCAM, AADP Member, Zachary G., Ron Mark
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Today on Money isn't everything, Mary Wisniewski chats with John Thompson, VP of Product Management for Financial Services at H&R Block. They discuss how folks discover Spruce (the brand's neobank), debunk myths about financial health and tackle the tricky world of fast (and slow) payments. Plus, John reveals his love-hate relationship with tax refunds. 📺🎧 https://lnkd.in/g3Tb9KkW #spruce #neobanks #payments #moneyisnteverything
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👉 Last chance! If you haven't already, register for the 'Z Hits Different: How to Better Acquire and Engage a New Generation' webinar with Mary Wisniewski & Frich Money's Katrin Kaurov. 🔗 https://lnkd.in/gUAAwMBE #banks #creditunions #genz #genzmoney #socialfinance #webinar
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If you're attending the 2024 Synergent Connect Conference, make sure to catch Ron Shevlin's session on 'Next-Generation Digital Banking and its Impact on Credit Unions.' See you there! 👍 #CreditUnions #SynergentConnect24 #DigitalBanking
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🌟 Get ready for a lit webinar! Unlearn the stereotypes of the money habits of Gen Z (i.e. they’re wasting all their money on expensive travel) in 'Z Hits Different: How to Better Acquire and Engage a New Generation' with Mary Wisniewski & Frich Money's Katrin Kaurov. Sign up 🔗 https://lnkd.in/gUAAwMBE #banks #genz #genzmoney #socialfinance #webinar #creditunions
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Check out the latest Cornerstone report "Achieving High-Performance Lending: The Impact of AI on Lending Efficiency" authored by Ron Shevlin. #AI #CornerstoneResearch #Lending
Efficiency is the name of the game in banking. Itʼs amazing (and not in a positive way) therefore, that banks' use of #lending technology is lacking. A recent Visa study found that half of small business credit issuers had a completely manual underwriting process—a % unchanged from what a Payments Network study found in 2010. Cornerstone Advisors has a new report out--authored by yours truly--titled 𝘼𝙘𝙝𝙞𝙚𝙫𝙞𝙣𝙜 𝙃𝙞𝙜𝙝-𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝙇𝙚𝙣𝙙𝙞𝙣𝙜: 𝙏𝙝𝙚 𝙄𝙢𝙥𝙖𝙘𝙩 𝙤𝙛 𝘼𝙄 𝙤𝙣 𝙇𝙚𝙣𝙙𝙞𝙣𝙜 𝙀𝙛𝙛𝙞𝙘𝙞𝙚𝙣𝙘𝙮 that discusses how the use of machine learning-driven automated decisioning will increase because of the need for: ▶️ Efficiency. The efficiency gains for automated decisioning are substantial. According to Cornerstone's benchmark data, the # of loan applications reviewed per underwriting FTE per month is 3.5 times greater among banks that use automated decisioning than those that don't. ▶️ Effectiveness. ML models can increase credit access by more accurately identifying applicants who are likely to repay loans and to reduce the # of people given loans that they are unlikely to repay. There's no question that the adoption of #AI will present several challenges, in terms of explainability, transparency, data availability/quality, model validation, and bias mitigation. These are not new challenges, however—they’re the same challenges FIs face with manual loan underwriting. Leveraging machine learning models will help: 𝟭) 𝗜𝗺𝗽𝗿𝗼𝘃𝗲 𝗰𝗿𝗲𝗱𝗶𝘁 𝗿𝗶𝘀𝗸 𝗮𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁. By incorporating alternative data sources and nonlinear relationships, ML models can generate more accurate and comprehensive credit risk assessments, enabling lenders to make more informed lending decisions and better manage risk. 𝟮) 𝗗𝗿𝗶𝘃𝗲 𝗺𝗼𝗿𝗲 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹𝗶𝘇𝗲𝗱 𝗽𝗿𝗶𝗰𝗶𝗻𝗴. Machine learning models can segment borrowers based on their risk profiles, allowing lenders to offer more tailored pricing and underwriting strategies. 𝟯) 𝗗𝗿𝗶𝘃𝗲 𝗺𝗼𝗿𝗲 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝘁 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗹𝗼𝘀𝘀 𝗺𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻. Focusing on collections and loss mitigation becomes crucial in a down lending environment. Machine learning models can analyze borrower behavior, payment patterns, and external factors to identify early warning signals of potential delinquency or default. As Visa concluded in its study: “Lenders that automate decisions were able to auto-decision roughly 50% to 60% of application volume, which drove a more consistent level of decisioning speed and cost reduction while maintaining a stable level of risk performance.” To download the Cornerstone report (free, as always), click here: https://lnkd.in/eBihb6_q Judy Lin Aimee Lane Annie Janofsky Zest AI
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🏊♂️ Who's swimming without a bathing suit? Steve Williams and Al Dominick are racking up the frequent flyer miles as they jet across the country, tackling hot C-suite issues. In this episode of Plugged In, they dive into recession risks, core deposit growth challenges (and solutions) and the need for better succession planning. 📺🎧 https://lnkd.in/gyUgk7St #Podcast #CyberSecurity #Leadership #PluggedIn