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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Banks must comply quickly with fast-moving sanctions against the Kremlin and have to spot questionable Russian companies and wealthy individuals. At the same time, some need to deal with settlement risk of trades that involve rubles. Sophisticated data sharing and analysis are making it easier to do the job.
March 28 -
JPMorgan Chase and HSBC are among the banks that have set up shop in virtual worlds or plan to.
March 21 -
EasyPay Finance, a fintech partner of TAB Bank, has been accused of providing high-rate loans through pet stores that source animals from abusive dog breeders. The bank's CEO says he didn’t know the dogs come from facilities with histories of abuse, and is talking to the Humane Society about the issue.
March 16 -
The data aggregator and challenger bank have formed a partnership to let customers of Green Dot’s mobile banking app use any of the 6,000 fintech apps in Plaid’s ecosystem.
March 15 -
AB - TechnologyMeghji only made it a year as chief innovation officer at the Federal Deposit Insurance Corp. before leaving in recent weeks. He describes the obstacles to new ideas within federal banking agencies and banking itself.
March 14 -
The fintech will work with the bank’s largest clients to spread their cash among U.S. branches of non-U.S. institutions, helping them obtain higher yields while diversifying counterparty risk.
March 14 -
Several large banks are being investigated for employees’ use of unmonitored messaging software, despite prohibitions that have been in place for years.
March 11 -
Companies with staff in the war-torn country are relocating some and supporting those who choose to stay.
March 7 -
AB - TechnologyAs governments tighten restrictions to punish Ukraine’s invaders, cryptocurrency could be a way out — but it’s hard to do without getting caught.
March 2 -
The New York bank recently converted 3 million GM Rewards cardholders to its Marcus app, the next phase of its plans to offer more banking services in unexpected places.
March 1
