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Ron Shevlin

Ron Shevlin is the Chief Research Officer at Cornerstone Advisors, where his research on banking and fintech trends helps shape the direction of financial institutions and fintechs.

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Latest Issues

Stripe-PayPal: $53 Billion For a Deposit Franchise Without a Charter

Stripe is offering $53 billion to acquire PayPal.

Predictably, much of the analysis has focused on checkout. Stripe is one of the world’s leading merchant payment platforms. PayPal remains one of the strongest consumer payment brands. Comb...

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Other AI Vendors Sell the Org Chart—Fiserv Sells the Plumbing

Ain't singin' for FIS
Ain't singin' for Fiserv
I don't sing for nobody
Unless it’s well deserved
This note's for you
—with all apologies to Neil Young

The demo always looks the same. There’s a planner agent at the top, a few solv...

7 days ago
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Klarna Applied for the Wrong Bank Charter On Purpose

Klarna applied for a bank charter to give Americans a “fairer, more transparent” bank with no hidden fees. 𝗠𝘆 𝘁𝗮𝗸𝗲: Yeah, right. Klarna applied to become a Utah-chartered industrial bank (ILC) for 7 reasons:

1️⃣ 𝗨𝗻𝗰𝗮𝗽𝗽𝗲𝗱...

8 days ago
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SoFi's Small Business Loan Is a Bizumer Loan

SoFi announced it’s entering the small business lending market. It’s offering fixed loans ranging from $2,500 to $250,000, with no application fee, no origination fee, and no prepayment penalties, funded as soon as 24 hours after approval....

9 days ago
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2

Sony Gets a Charter, You Get a Charter, Everybody Gets a Charter!

News: Sony Bank got conditional OCC approval for Connectia Trust, a national trust bank that’ll issue a dollar-backed stablecoin. $40 million in capital, targeting a 2027 launch, wholly owned by Sony Bank.

Conventional wisdom: “Sony gets i...

13 days ago
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  • Ron Shevlin

    Ron Shevlin is the Chief Research Officer at Cornerstone Advisors, where his research on banking and fintech trends helps shape the direction of financial institutions and fintechs.

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