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 two companies have created a robo-adviser with financial literacy tools to help people understand the basics of investing as they assemble their first portfolio.
June 26 -
Compliance, security and data analytics were the themes at this year’s New York FinTech Innovation Lab demo day.
June 23 -
The CEO of Citi’s innovation group says she and her staff of industry outsiders are driving change within the 215-year-old bank.
June 22 -
Banks are getting hundreds of thousands of security alerts a day — way too many for humans to handle.
June 22 -
The fintech startup OpenFin now has 40 Wall Street firms building applications for its operating system, which promises security and interoperability.
June 21 -
Next month, credit bureaus will have to drop information about tax liens and civil judgments from credit scores unless they can independently verify the data. Eva Wolkowitz of the Center for Financial Services Innovation and Sarah Davies of VantageScore discuss.
June 20 -
The chatbot at DBS’s digital bank in India handles most customer service questions but can also sense when it is time to hand something off to a real person.
June 19 -
The most innovative projects shared at Digital Banking 2017 involve embedding banking in popular devices and apps like Facebook Messenger and Amazon Echo.
June 15 -
Dan O'Malley, who until very recently ran the fintech incubator at Eastern Bank (and before that was at Capital One), now has a startup called Numerated Growth Technologies and software that he says can process loans in five minutes.
June 13 -
Too many consumers don't fully understand how the apps work and don’t trust that their data is secure, a new J.D. Power study shows.
June 12
