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 incoming administration has experience from its previous run, Bank of America's chairman and CEO said. He also said he would not join it.
November 12 -
The Biden administration's executive order on AI may be canceled and replaced with less restrictive policy, but banks will still need to proceed with caution, experts say.
November 11 -
Tough exams and consent orders on banks that partner with fintechs are expected to remain, even after the election of President Trump.
November 8 -
A complaint brought by accounting firm Onisko & Scholz challenges data sharing activities common to data aggregators, banks and fintechs.
November 6 - The Arkansas community development financial institution has an ambitious goal of making $500 million worth of mortgages in rural, minority and low-income neighborhoods.Sponsored by IntraFi
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Esusu, Foyer, Divvy Homes and Tomo Mortgage are among the fintechs trying to give first-time homebuyers a break, alongside community development financial institutions like Southern Bancorp.
November 3 -
The online lending marketplace provider now has the support of Jonathan L. Jackson, an Illinois representative. It's also facing lawsuits from the CFPB and customers.
October 29 -
Through a multiyear agreement, Citigroup is cloudifying the way it delivers software to employees, customers and its markets business.
October 29 -
The credit union has been using Upstart's AI-based loan decision model to help creditworthy consumers consolidate their credit card debt.
October 24 -
McKinsey published a report Wednesday that found banks' technology investments equate to the gross domestic product of Sweden. But this spending is not leading to revenue growth, they and others say.
October 23