Mid-size financial institutions more than double their digital transformation investment, new research finds

The 2023 digital banking performance metrics report from cornerstone advisors provides regional and community financial institutions performance benchmarks toward their business objectives plano, texas , may 9, 2023 /prnewswire/ -- alkami technology, inc. (nasdaq: alkt) ("alkami"), a leading cloud-based  digital banking solutions provider for banks and credit unions in the u.s., today announced the release of the 2023 digital banking performance metrics research report from cornerstone advisors. drawing on data from u.s. regional and community financial institutions with an average asset size of $4.4 billion, the alkami-commissioned report reveals that mid-size banks and credit unions more than doubled their investments in digital transformation in fiscal year 2022, to nearly $425,000 per $1 billion in assets—up from an average of just over $200,000 per $1 billion in assets for fiscal 2021.
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