Penny Crosman

Executive Editor, Technology at American Banker and Arizent

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Penny Crosman is Executive Editor, Technology at American Banker and Arizent. Prior to taking on this role, she was Editor in Chief of Bank Technology News and Technology Editor of American Banker. She has held senior editorial roles at Bank Systems & Technology, Wall Street & Technology, Intelligent Enterprise and Network Magazine, among other titles.

Fintech

Twitter veteran launches credit score that digs deep into cash flow

Harvest, a fintech founded by Nami Baral, has developed an alternative scoring method that amasses data on spending patterns, debt payments and even earnings potential to get a better sense of consumers' creditworthiness.

By Penny Crosman

October 1
Digital banking

What’s next for Goldman Sachs’s Marcus

Harit Talwar, who is moving from CEO of the digital banking unit to chairman of consumer banking, says Marcus wants to add checking and investment products, embed its offerings in additional high-profile platforms, and grow far beyond its current 5 million customers.

By Penny Crosman

September 30
Data sharing

Small Louisiana bank gives customers tool to safeguard their data

Origin Bank is rolling out software to let customers curb or shut down account-data sharing with third-party apps. In the process, it hopes to learn a lot about client behavior and preferences that it could use in its own products.

By Penny Crosman

September 29
Fintech

One lender's ideas on how to save small business

Kabbage co-founder Kathryn Petralia, whose company is being sold to American Express, discusses government and financial-sector lifelines she says could help businesses that have been hit hardest by the pandemic.

By Penny Crosman

September 29
High performance computing

Why some banks still lean on mainframes

Sales of the tried-and-true hardware keep rising despite a global shift to the cloud, and a recent survey found that large companies continue to prefer the performance and security they get from big iron.

By Penny Crosman

September 28
Digital banking

'Banking is boring': Sberbank's radical transformation to tech firm

Russia's largest bank is reinventing itself as a technology company and selling its own consumer electronic devices. Its chief tech officer says the moves are all about developing broader, more enduring customer relationships that the bank controls fully.

By Penny Crosman

September 25
Data sharing

Wells Fargo says it has nearly eliminated screen-scraping threat

The company's new agreement with Envestnet Yodlee to share customers' account data over secure pipes is its 17th pact with aggregators and other fintech firms.

By Penny Crosman

September 24
Consumer banking

Blend moves further beyond mortgage tech

The company's software can now be used to handle personal loans, credit cards and specialty-vehicle loans.

By Penny Crosman

September 24
Regtech

Banks feel more pressure to upgrade AML tech after 'Fincen Files'

Artificial intelligence, machine learning and enhanced data sharing among lenders could go a long way toward spotting suspicious patterns in daily financial activity and bad actors, experts say.

By Penny Crosman

September 23
Fintech

U.S. Bank ties expense report management to virtual cards

The bank worked with TravelBank, a fintech, to offer virtual cards and an app that automatically generates expense reports.

By Penny Crosman

September 22