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 tech company’s platform will let digital currency holders borrow against their digital assets and have the loan proceeds placed in a bank account.
February 3 -
The online lender and challenger bank is offering customers a way to shop and receive cashback rewards at 20,000 merchants from its app.
February 2 -
AB - podcastIn her last week in office, the Federal Deposit Insurance Corp. chair discusses why she worries about the dwindling number of community banks and minority-owned banks, why she has made serving low-income communities a priority during her tenure, and what she might do next.
January 31 -
The online-only bank sees opportunities to boost revenue and lower its customer acquisition costs by providing more behind-the-scenes services to fintechs offering financial products.
January 31 -
The retailer is funding a challenger bank called One that would be formed from the combination of several fintech firms. The startup would have a strong product set and cash position but could struggle to stand out in a crowded neobank field.
January 27 -
The French bank and New York asset management firm will buy and hold inventory to meet clients’ future needs and track materials on a new software platform.
January 24 -
Venture capitalists agree in spirit with an idea floated by the Securities and Exchange Commission that large private companies should divulge more about their finances. But they warn financial services innovation could be stifled if the requirements are too stringent.
January 24 -
Traditional banks could be forced to add cryptocurrency product offerings in 2022 to compete with fintechs that are taking advantage of blockchain innovations, according to Diogo Mónica, co-founder and president of Anchorage.
January 18 -
A group of community banks and two major trade associations have formed a partnership with and invested in the fintech NYDIG to offer the service on the banks’ mobile apps by midyear. The banks say it will help them generate revenue and retain customers interested in cryptocurrency.
January 18 -
New York Community Bank and Synovus Bank are among the founding members of the group, which will use the US Dollar Forward stablecoin on the Provenance blockchain.
January 12
