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.
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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 -
The Consumer Financial Protection Bureau has been investigating the failed banking-as-a-service fintech and is preparing to file a complaint accusing it of unfair acts or practices.
August 8 -
The personal finance app provider is working to block AI crawlers from the search giant and large language model providers from accessing much of its website.
August 8 -
The bank is giving all employees Google's Deep Search and NotebookLM, and it will start creating agentic AI virtual assistants using Agentspace.
August 5 -
The Cleveland bank is working with Personetics to provide advice and help to digital banking customers that takes into account their circumstances, current transactions and history.
August 1
