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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About half of small businesses nationwide are now classified as financially unhealthy: They have difficulty paying bills on time, inadequate cash reserves or insufficient insurance. Eytan Bensoussan, founder and CEO of NorthOne, a neobank for small businesses, shares his thoughts on how banks and fintechs can help these customers survive.
January 5 -
The fintech says its users took out 70 million cash advances in 2022, and many grew their paychecks along the way.
January 5 -
The rate of venture funding to startups run by women continues to decline.
January 3 -
An declared end to screen scraping, a major hack of a cryptocurrency exchange and banks' plans for bitcoin trading led coverage last year.
January 2 -
Federal agencies' complaints against FTX's leaders have led to scrutiny of the banks it worked with. While it's unlikely the bankers will be held accountable for the cryptocurrency exchange's wrongdoing, the case could make it more difficult any bank that wants to work with crypto-related businesses.
December 28 -
U.S. Bank and KeyBank were among those that made significant advances in their use of cloud computing during the past year.
December 21 -
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The former chief innovation officer at Quontic Bank and American Banker's 2020 Digital Banker of the Year is offering seminars, a bank-fintech matchmaking platform and a fintech investment fund.
December 16 -
Regulators are chastising banks for compliance lapses among their fintech partners. But some say the software companies that connect them share some responsibility.
December 13 -
The bank will apply the company's AI first to its risk models, an HR avatar and a metaverse presence.
December 7
