Penny Crosman

Executive Editor, Technology

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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.

Marketplace lending

Kabbage to offer custom loans for as short as three days

Customers of the online lender's payments service can select their own loan terms.

By Penny Crosman

February 4
Robo advisors

How robo-adviser Wealthfront is becoming more like a bank

Andy Rachleff, the fintech's CEO, discusses the digital bank it's developing and the concept of "self-driving money."

By Penny Crosman

February 3
Core systems

Why more banks are ditching their legacy core vendors

Newcomers Nymbus, Neocova, Finxact and Technisys and older competitors like Temenos, Infosys and Oracle are winning over community and regional banks by offering what some bankers describe as more flexible technology at fairer prices.

By Penny Crosman

February 3
Fintech

Why an algo-trading software firm caught BMO's eye

Clearpool's chief executive says BMO Financial Group, which is buying his company, saw a chance to gain control of cutting-edge technology that would help it cater to a special type of commercial customer.

By Penny Crosman

January 31
Infrastructure

The cybersecurity threat lurking in the GPS systems banks count on

Outages or disruptions of GPS signals — sometimes malicious, sometimes not — could quickly knock out computers, ATMs and card networks.

By Penny Crosman

January 29
Digital banking

Joust upgrades its app for gig-economy workers

The startup has added more sophisticated invoicing features, sleeker onboarding and a more detailed dashboard.

By Penny Crosman

January 28
Marketplace lending

Online lenders confront deepfake threat

Some fraudsters pose as loan applicants and submit doctored video or photos of property and assets to scam lenders they won't see in person. Firms like Elevate Funding and Credibly are fighting back.

By Penny Crosman

January 28
Real-time payments

BNY Mellon’s early adoption of real-time payments paying dividends

The bank was one of the first users of The Clearing House's RTP network. Andrew Haskell explains how faster payments are helping the bank and its clients.

By Penny Crosman

January 27
Digital banking

Western Union alum starts digital bank for low-income Americans

Rellevate, founded by Stewart Stockdale, will offer pay advances, fast bill pay payment and international remittances for consumers who live paycheck to paycheck.

By Penny Crosman

January 27
Disruptors

N26 signs up 250,000 U.S. customers in first five months stateside

The German challenger bank says it has quickly attracted Americans from every state and various demographic groups to its mobile banking app.

By Penny Crosman

January 27