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 New York neobank is creating a marketplace where partners and competitors can offer banking, insurance and other financial products, CEO Dee Choubey says. If the effort lives up to billing, it could come closer to a truly open platform than any other so far.
May 19 -
Peeyush Nahar, who also spent 14 years at Amazon, brings both Big Tech and startup experience to a consumer-banking unit that has lost several senior leaders in recent months and faces challenges common to entrepreneurial divisions within large organizations.
May 18 -
The maker of software that helps banks offer "buy now, pay later" loans at the point of sale says its latest funding round has pushed it into unicorn status.
May 18 -
Silvergate Bank CEO Alan Lane, former HSBC executive Stuart Levey and experts at Anchorage Bank are helping Facebook make its digital currency more palatable to regulators and potential bank partners.
May 17 -
It's the latest move in an industry shift toward more secure sharing of bank account data with fintechs and away from screen scraping.
May 13 -
The fintech already sells loans on its distributed-ledger-based trading platform but needed the Securities and Exchange Commission's blessing to bundle its mortgage and student loans into securities and sell them to investors.
May 12 -
Many big companies have made pledges to diversify their workforces, treat minority communities more fairly and clean up the environment to burnish their images, says Meredith Benton, CEO of the consultancy Whistle Stop Capital. But few are willing to share data to prove it's all more than a PR campaign, she says.
May 11 -
First Foundation and Suncrest are among the community banks developing platforms that let clients buy, sell and hold increasingly popular digital assets. The goal is to avoid losing business to cryptocurrency exchanges.
May 10 -
Many of the 15 executives selected for our Most Powerful Women in Banking: Next list are in roles that took on outsize importance in a year punctuated by a global pandemic, economic free fall and widespread protests over police brutality and racial inequality.
May 6 -
The digital-only bank has adopted machine learning to process loans faster, more accurately and with better fraud detection than in the past.
May 5
