Redwood Bank, a new challenger bank providing mortgages to small businesses and professional landlords, has opened its doors four months after it was granted a banking license.
Barely months after coming up for air over the fake accounting scandal, Wells Fargo is facing further scrutiny, this time over a data breach that saw the accounts of 50,000 of its wealthiest clients accidentally leaked to a former employee.
Wells Fargo is to provide customers with a single view of all payments transactions - from PFM tools, to recurring payments and subscriptions - through a new feature, dubbed 'Control Tower'.
Wells Fargo & Company (NYSE:WFC) announced today significant enhancements to the Receivables Manager service offered to Treasury Management customers.
Wells Fargo (NYSE:WFC) announced today that it has selected two new companies – ProxToMe and Uniken – to join the Wells Fargo Startup Accelerator.
Citi has become the latest Wall Street giant to join a Series A funding round for Axoni, bringing the total amount raised by the distributed ledger technology outfit to over $20 million.
Convenience and security are driving consumer interest in a digital on/off feature for misplaced debit cards. Wells Fargo is the latest to introduce the feature.
Interbank messaging network Swift has rounded up an initial group of six leading correspondent banks to participate in proof-of-concept trials to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.
Wells Fargo is boarding the chatbot train, launching a pilot of an AI-based customer services agent within Facebook's Messenger platform.
The American bank-backed Zelle network processed 170 million person-to-person payments last year boasting an aggregate transaction volume of $55 billion, more than double that of PayPal-owned rival Venmo.
© Finextra Research 2017