Banking executives faced with rapid-fire industry changes may feel at times like they’re playing “Whack-a-Mole,” “Red Rover, Red Rover,” “Duck, Duck, Goose!” or any of those childhood games that if you were on the wrong team, on the wrong side of the line, or wearing the wrong clothes, chances were good you’d experience shame, blame or bruises. I feel your pain!
Please join me and my colleagues from Cornerstone Advisors for a series of short videos designed to deliver quick answers to questions that may occasionally be keeping bankers awake at night.
Following the recent collapse of a couple of banks and the government’s response to protect uninsured depositors, Anne Arvia, principal at Cornerstone Advisors, shares her thoughts on why we will always need community banks.
Getting money to customers and members faster can be a differentiator for financial institutions. Tony DeSanctis, senior director at Cornerstone Advisors, examines the role FedNow can play in bankers’ strategies to offer faster payments.
John Meyer, senior director at Cornerstone Advisors, explains machine learning, robotic process automation and generative AI and presents some practical applications of these technologies for financial institutions.
As consumers experience declining financial health, banks are challenged to compete for their business by disruptors with snazzy offerings and tech. Mary Wisniewski examines the issue.
Mary Wisniewski is an editor-at-large at Cornerstone Advisors. Tune in to her Money Isn’t Everything podcast and follow her on LinkedIn.
Interesting article in the American Banker, “How Goldman Sachs’ deal with Apple went sour.” Understand banking fundamentals. Playing on the bleeding edge of consumer fickleness might not be a strong play. Then, letting a tech firm dictate bank business model operation is asking for trouble.
Thanks for your comment! What are your thoughts on the accounts/cards moving to Amex?
IMO, the products Apple pushes out have something that’s long been missing in banking: super duper easy onboarding. I opened an account in under a minute — and I had to sign up for the credit card first.