Penny Crosman

Executive Editor, Technology at American Banker and Arizent

twitter

Penny Crosman is Executive Editor, Technology at American Banker and Arizent. Prior to taking on this role, she was Editor in Chief of Bank Technology News and Technology Editor of American Banker. She has held senior editorial roles at Bank Systems & Technology, Wall Street & Technology, Intelligent Enterprise and Network Magazine, among other titles.

Fintech

Fintech veterans launch blank-check firm to buy a startup

Betsy Cohen, formerly of The Bancorp Bank, and venture capitalist Ryan Gilbert have created a vehicle to raise hundreds of millions of dollars, purchase a technology company and expand it.

By Penny Crosman

August 27
Marketplace lending

Why Amex is buying Kabbage

American Express isn't acquiring any loans in its deal for the online small-business lender. Here's what it is getting.

By Penny Crosman

August 18
Disruptors

Which fintechs will survive the pandemic?

Business models and adaptability will determine the success — or failure — of financial technology companies as they deal with fallout from the coronavirus outbreak.

By Penny Crosman

July 20
Work from home

Is the coronavirus giving banks an excuse to spy on employees?

Financial institutions have been monitoring workers' productivity at home with tracking software and webcams. Now they're mulling whether to mandate contact-tracing apps, COVID-19 testing and other practices that could raise further privacy issues.

By Penny Crosman

May 7
Digital banking

Challenger banks rake in venture capital bucks

Changing consumer attitudes about these companies and the emergence of open banking have made them appealing to venture investors, whose commitments rose 15% in the first half of the year.

By Penny Crosman

August 13
Fintech

The year of the fintech merger

A trio of big deals in the payments and financial tech area and continued bank and venture capital interest in fintech investments are creating expectations for a banner year.

By Penny Crosman

June 10
Cloud computing

Why IBM's purchase of Red Hat matters to banks

The merger could help make open source and cloud computing more commonplace at banks. But it may have an unintended consequence as well.

By Penny Crosman

October 29
PH sexual harassment

Does Silicon Valley's 'bro culture' pervade IT elsewhere?

Many workers in the technology departments across a range of industries describe behavior that may fall short of a legal definition of sexual harassment, but is still disturbing and could contribute to low employee morale and high turnover.

By Penny Crosman

March 12