Penny Crosman is Executive Editor, Technology at American Banker and its publisher, Arizent. Prior to taking on this role, she was Editor in Chief of Bank Technology News. She has held senior editorial roles at Bank Systems & Technology, Wall Street & Technology, Intelligent Enterprise, Network Magazine and Imaging Magazine.
-
-
Jeffrey Stanley and Mark Paverman have been charged with mismanaging Synapse Brokerage accounts and failing to preserve emails and instant messages, among other things.
September 5 -
Credit Union of Colorado is using Scienaptic AI to make about 60% of consumer loan decisions.
September 4 -
The bank will deploy Nova Credit's Cash Atlas software to determine borrowers' creditworthiness by looking at bank account data, and the vendor's Credit Passport to bank newcomers to the country.
September 3 -
The Consumer Financial Protection Bureau has fined Synapse $1 for its role in a $60 million to $90 million shortfall in fintech users' accounts.
August 22 -
The digital bank gives its business clients the option of feeding their bank account data into Anthropic's large language model, which will then provide answers to their questions.
August 21 -
Both banks are preparing rollouts of Casca's software and participated in the firm's $29 million funding round.
August 19 -
The growing use of generative and agentic AI in banks is setting off some alarms.
August 15 -
The former head of resolutions at the FDIC has high hopes for a bank that's been embroiled in the Synapse disaster.
August 14 -
The banks have invested in gen AI and embedded finance, respectively.
August 12
