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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Former regulators, data scientists and academics have come up with a way to turn financial contracts of almost all types into algorithms computers can easily read. The ACTUS standard, if implemented across the board, could ideally give regulators and banks a true systemic view of risk.
May 24 -
Canadian Imperial Bank of Commerce has deployed technology that brings transparency and discipline to an area that for many banks is a murky free-for-all: commercial account pricing.
May 20 -
Technology leader BBVA Compass has been ahead of the pack in real-time payments, neobanking and fintech investing. Manolo Sanchez shares his vision for next steps: the bank's developing API marketplace and "Uberized" digital banking.
May 17 -
After hackers penetrated a second bank and accessed the Swift messaging system to steal money, it is clear that more needs to be done to thwart such attacks.
May 13 -
The rub is that the global messaging system's security is only as strong as the weakest link.
May 13 -
If he's worried about fintech upstarts or bitcoin offering a high-tech alternative to Western Union's bread-and-butter business of money transfer, Chief Information Officer David Thompson doesn't let on.
May 13 -
The payment giant's technology chief says he has an eye on bitcoin, the blockchain and the fintech competitors that have flooded the payments arena and vows his company will consider partnering with some of them and can beat the rest.
May 12 -
U.S. banks are under pressure to do more with their data to understand their customers' needs and make the best offer. But the rub is that global privacy rules are getting tougher, and consumers are starting to want to own their data.
May 10 -
Many bank security people will undoubtedly shrug off Anonymous' claim that it's trying to bring down banks all over the world. There are a few reasons to take it seriously.
May 6 -
The hacktivist group Anonymous, which brought down the Greek central bank's website through a distributed denial of service attack on Tuesday, claims it will be targeting financial organizations around the globe over the next 30 days.
May 5
