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Penny Crosman

Editor in Chief

Penny Crosman is Editor in Chief of Bank Technology News and Technology Editor of American Banker. She has had senior editorial roles at Bank Systems & Technology, Wall Street & Technology, Intelligent Enterprise and Network Magazine, among other titles.

Recent Stories from This Author

'Data Wants to Be Free': Why Banks Should Open APIs to Others
June 23, 2016 Fourteen years after Jeff Bezos famously put out a memo to all of Amazon's software development teams, ordering them to create...

What Can Banks Offer in the Debate Over Digital Identity?
June 21, 2016 Most would agree the way digital identity is managed is suboptimal. But how identity should be managed, and who should manage...

Should All Banks Have Mobile Apps?
June 16, 2016 The answer may be no, according to federal regulators. Their new guidelines on mobile security include other surprises, too,...

Will Fintechs Kill the FICO Score?
June 14, 2016 A growing number of marketplace lenders and other fintech companies say they no longer use FICO scores or are using them in a...

Identity Fraud: Back with a Vengeance, Harder to Stop
June 9, 2016 Many financial criminals are switching to a more sophisticated kind of identity theft in which they open accounts based on...

Wells Fargo's Bid to Vanquish Screen Scraping
June 7, 2016 The archaic practice of using customers' online banking credentials to copy and paste their account information into other...

'Banks Don't Want to Give Access to Everything': Yodlee Exec
June 7, 2016 Following Wells Fargo's salvo against screen scraping, one of the leading account aggregators says the larger issue is who has...

Uber's Phishing Tale Can Teach Banks a Lot About Security
June 2, 2016 Some days the ride-sharing app receives more than a million phishing emails a stat to which large banks can relate. But...

Real Breach in Swift Heists May Be Banks' Complacency
June 1, 2016 The drumbeat of news about hackers stealing millions of dollars by gaming the Swift interbank messaging system should have...

APIs? Check. Fast Payment Portals? Check. Knife Sharpener? Check
June 1, 2016 Suresh Ramamurthi has launched a new payment system for healthcare providers and APIs that let other companies create their...

Is Mobile Account-Opening Safe?
May 26, 2016 Consumers, especially millennials, increasingly prefer to do everything on their mobile devices, including signing up for...

An Obscure Data Standard that Could Have Stopped the London Whale
May 24, 2016 Former regulators, data scientists and academics have come up with a way to turn financial contracts of almost all types into...

How Tech Helped CIBC Make Corporate Fees Transparent
May 20, 2016 Canadian Imperial Bank of Commerce has deployed technology that brings transparency and discipline to an area that for many...

The 'To-Die-For Customer Experience' Starts with Tech
May 17, 2016 Technology leader BBVA Compass has been ahead of the pack in real-time payments, neobanking and fintech investing. Manolo...

How Swift and Its Banks Can Tighten Up Cyber Defenses
May 13, 2016 The rub is that the global messaging system's security is only as strong as the weakest link.

Is Western Union Ready for the Fintech Threat?
May 12, 2016 The payment giant's technology chief says he has an eye on bitcoin, the blockchain and the fintech competitors that have...

Privacy Is the European Trend to Worry About
May 10, 2016 U.S. banks are under pressure to do more with their data to understand their customers' needs and make the best offer. But the...

The Real Threat Anonymous Poses to Banks
May 6, 2016 Many bank security people will undoubtedly shrug off Anonymous' claim that it's trying to bring down banks all over the world....

Hacker Group Draws Bull's-Eye on 'Every Major Banking System'
May 5, 2016 The hacktivist group Anonymous, which brought down the Greek central bank's website through a distributed denial of service...

Survival Tips for Fintech Startups as the Herd Thins
May 3, 2016 Entrepreneurs and other financial-technology experts give some common-sense advice including: watch your pennies, live in the...

'If Your Bank Isn't Integrated with Siri, Your Bank Is Irrelevant'
Moven founder and all-around fintech evangelist Brett King discusses how financial institutions can survive a future where artificial intelligence is widespread and plastic cards are no more.
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