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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

How BNY Mellon Became a Pioneer in Bots
August 25, 2016 The large custody bank was one of the first U.S. banking firms to embrace robotic process automation. Here's why a...

How Many Banking Jobs Will Bots Kill?
August 23, 2016 Artificial intelligence has gotten good enough to do some of the more mundane tasks people perform at banks every day. Whether...

Eddie Bauer Breached; Card Data Was Compromised for Six Months
August 19, 2016 Eddie Bauer acknowledged that a data breach compromised credit cards used in its 350 stores during the first six and a half...

Does Blockchain Tech Solve Security Problems or Cause New Ones?
August 18, 2016 People hold up blockchain as the answer to many security issues, including Swift-related hacks and card-not-present fraud. But...

A Glimmer of Hope for Cyberthreat Data Sharing
August 16, 2016 Banks sharing cyberthreat data is not new. But more information-sharing groups are forming, and technology is improving, to...

Online Fraud Victims Need More Help from Banks to Recover
August 11, 2016 Banks have gotten better at detecting digital banking fraud, but the process of closing and reopening accounts is still a mess...

One-Time Card Numbers for an Era of Endless Breaches
August 9, 2016 To help people safeguard their card information when they shop online, a handful of fintech startups are developing ways of...

What Bankers Should Know About Latest Nigerian Email Scam
August 4, 2016 The transactions look so ordinary that most banks' fraud filters aren't able to detect them. And the perpetrators aren't...

Which Identity Proof Works Best?
August 2, 2016 TouchID, facial recognition, behavior patterns, knowledge-based authentication, SMS codes the means of authenticating...

Collaborators Outnumber Would-Be Disruptors at Fintech Demo Event
July 21, 2016 Of the 10 fintech startups that pitched their wares at startupbootcamp FinTech New York on Wednesday, half plan to sell their...

'Front Lines of a War': Bank CISOs Reinforce Budgets, Tech
July 19, 2016 Bank chief information security officers are increasing cybersecurity spending and focusing on mobile banking defense and...

State Street Tests a 'Rosetta Stone' for Bank Databases
July 14, 2016 David Saul, State Street's chief scientist, has completed a proof of concept for the Financial Industry Business Ontology, a...

Sent in Seconds, Not Days: Canadian Bank Tries Distributed Ledger
July 12, 2016 The director of innovation at ATB Financial explains why his bank became one of the first to send cross-border payments on the...

'Dead People Don't Pay': Tech Takes On Marketplace Lending Fraud
July 7, 2016 A centralized platform that validates loan and borrower data and tracks ownership of marketplace loans could prevent...

Hack Us and We'll Pay You: The Case for Using Bug Bounty Hunters
July 5, 2016 Banks have mainly shied away from programs that invite hackers to scrutinize their applications. But PayPal, Western Union and...

How Banks Could Regain Ground from Fintechs
June 30, 2016 Some business that's been ceded to fintech startups such as marketplace lenders and financial app providers can be won back,...

How B of A's Billion-Dollar Tech Cuts Could Fuel Startups
June 28, 2016 Chief Technology Officer David Reilly has had to make major reductions in traditional expenses so Bank of America can afford...

'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,...

Moving Money Across Borders, Phone to Phone
Bill Barhydt, founder of startup Abra, explains how his company's mobile app uses bitcoin as a payment rail for cross-border remittances while solving the foreign exchange risk and last-mile problem that have hampered adoption of the cryptocurrency.
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