Wells Fargo - News, Articles & Research

Wells Fargo backs $70m fund to help underserved SMEs access credit

Wells Fargo is backing a new $70 million “equitable access fund” from Hello Alice and the Global Entrepreneurship Network (GEN) that will target underserved high-potential but credit-challenged small business owners.

29 June 2023

News/markets

More Wall Street giants back Versana syndicated loan platform

Deutsche Bank, Morgan Stanley, US Bank and Wells Fargo are the latest financial services players to back Versana, joining a $40 million capital raise for the syndicated loan platform.

29 March 2023

News/startups

Big banks invest in generative AI startup Hazy

Nationwide Building Society, Wells Fargo and Intesa Sanpaolo have joined a $9 million Series A funding round for British synthetic data disruptor Hazy.

28 March 2023

News/wealth

Wells Fargo unveils digital platform for wealth management customers

Wells Fargo has launched a digital platform to help its millions of wealth management customers plan and track their money.

23 February 2023

News/payments

Big US banks prep mobile wallet to take on Apple

America's biggest banks are teaming up to take on Apple and PayPal with a digital wallet linked to customers' debit and credit cards, according to the Wall Street Journal.

23 January 2023

Company announcement/regulation

Wells Fargo to pay $3.7 billion over consumer loan violations

The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines.

20 December 2022

News/wholesale

Wells Fargo launches persona and AI-driven digital banking platform, Vantage

Wells Fargo has unveiled a new digital banking platform, Vantage, to more effectively service its commercial, corporate, and investment banking clients.

05 December 2022

Company announcement/payments

HSBC and Wells Fargo expand DLT solution to include offshore Yuan

HSBC Bank and Wells Fargo & Company (NYSE: WFC) today announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore Yuan (CNH).

18 November 2022

Company announcement/retail

Wells Fargo launches small dollar digital loan product

To help meet short-term cash needs, eligible customers now have another option with the newest product from Wells Fargo & Company (NYSE: WFC) – Flex Loan. Flex Loan is a digital-only, small-dollar loan that will provide millions of eligible customers convenient and affordable access to funds when they need it most.

16 November 2022

News/crypto

US banks launch digital asset settlement platform PoC

Some of the biggest names in the US banking industry are coming together on a proof of concept for a regulated digital asset settlement platform.

16 November 2022

News/retail

Money20/20 US: Wells Fargo and Google launch AI assistant ‘Fargo’

Wells Fargo today unveiled the launch of Fargo, a virtual assistant driven by Google Cloud’s AI technology to improve their retail and consumer banking experience.

24 October 2022

Research

The Future of Digital Banking in North America 2023

21 October 2022 1154 downloads