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 technology, which turns large language models into autonomous agents, could be a game changer for banks.
October 4 -
The bill would have forced several restrictions on the largest AI model providers, including a so-called "kill switch." A new version could restrict the riskiest uses of AI, such as for loan and hiring decisions.
September 30 -
As a public company, the neobank would have the capital support to keep growing quickly. It would also have to rein in costs and show a profit.
September 27 -
The company has signed an agreement to sell Continental Finance its entire card portfolio.
September 26 -
The banks are testing quantum computing's ability to speed up applications, to alleviate bottlenecks and to do more while consuming less power.
September 25 -
Sen. Edward Markey warns that biased AI algorithms are making decisions that deny mortgages to Black people.
September 24 -
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Investors and startups see the AI boom in financial services and across the economy driving the necessity for cleaner power.
September 23 -
Ally customers are blaming the bank for data breaches at its vendors, arguing that basic cybersecurity measures would have prevented the thefts.
September 20 -
A prominent AI expert says the risk of hallucination and error can never be completely eliminated. Experts at BBVA and Celent say those risks can be mitigated.
September 19
