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 megabank and community bank recently announced they're offering accounts through the payment app. Both gave similar reasons: They need big tech to help them attract new customers.
November 23 -
The complaint charges the fintech startup with misleading customers about the interest they'd receive on deposits and the level of access to their money. It seeks an unspecified amount of consumer relief in addition to other remedies.
November 18 -
The two companies have worked together to provide a banking app that community banks can implement and deploy in 30 days.
November 18 -
Financial institutions are using behavioral analytics, imposing tighter controls and taking other steps to prevent employee-caused security lapses.
November 17 -
Corporate breaches facilitated by employees — often accidentally — rose significantly this year, and banks have been particularly hard hit. Here's why.
November 16 -
The fintech startup, which originally helped users cancel duplicate subscriptions, now wants to encourage healthier financial practices.
November 12 -
Scammers may have had more success at duping fintechs than banks in obtaining Paycheck Protection Program loans. But there are reasons for this apparent disparity.
November 11 -
Smarsh, which enables banks and other clients to archive employee communications, is buying the AI firm Digital Reasoning as employers increasingly seek surveillance options for personnel working from home.
November 10 -
Founder and CEO Neel Ganu has crafted a mobile app through which millennials can invest and spend using the same account.
November 10 -
AB - TechnologyMost fintechs entertain the idea of getting a commercial banking license from time to time, but Current is content partnering with banks, says founder and CEO Stuart Sopp.
November 9
