Penny Crosman

The company has signed an agreement to sell Continental Finance its entire card portfolio.

The banks are testing quantum computing's ability to speed up applications, to alleviate bottlenecks and to do more while consuming less power.

At a New York event, industry practitioners shared how they are addressing cultural, compliance and logistical objections to making loans based on bank account data.

A long-time industry observer and bank regulation expert spells out the steps banks should take to ensure their fintech relationships are safe.

The CEO of the Hauppauge, New York credit union is one of American Banker's 2024 Innovators of the Year.

Despite ESG headwinds in Florida, Climate First Bank in St. Petersburg continues to make "green" loans and plans to show consumers how their purchases affect the environment.

Banks are starting to use the technology, which protects cloud-based data while it's being used by an application.

After a decade of multibillion-dollar tech investments by banks, efficiency ratios have begun to improve and headcounts drop, some industry watchers say. Skeptics counter that other reasons are at play and that it's all hard to measure.

Consumer advocates and fintechs say the traditional credit score and lending systems that use it are murky and perpetuate bias. FICO’s leader points out that new FICO scores use expanded data sets, just as fintechs do.

Banks and companies that use artificial intelligence to make loans agree with regulators that it should be tested for fairness. But they also say traditional loans could be just as biased.