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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FactSet, Brightwave and Bloomberg are among those offering generative AI models that do research legwork. But Wall Street firms have lately been taking a harder look at the cost and return of generative AI.
July 18 -
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In recent surveys conducted by Javelin Strategy & Research and Insider Intelligence, consumers gave the bank's app high marks. Many small-seeming improvements explain the ascent.
July 15 -
Consultants at McKinsey and Accenture are offering to use gen AI to understand legacy software and write new code. Experts say this idea has merit, up to a point.
July 8 -
Marcus Castilla was recently named director of the Oklahoma bank's digital banking unit for service members; he shares what Roger offers today and some plans for the future.
July 5 -
The company says the FDIC's "pause letters" to banks and denial of Freedom of Information Act requests are illegal.
June 28 -
The Consumer Federation of America and Consumer Reports sent a letter to the Consumer Financial Protection Bureau urging it to require banks to search for less discriminatory models. Later the same day, the CFPB issued a report saying it's doing just that.
June 27 -
The Co-founder and CEO of Stratyfy is one of American Banker's 2024 Most Influential Women in Fintech.
June 24 -
The bank's director of AI transformation is one of American Banker's 2024 Innovators of the Year.
June 21 -
The vice president, technology capabilities and innovation at Discover Financial Services is one of American Banker's 2024 Innovators of the Year.
June 21
