Wells Fargo is putting the finishing touches to its innovation programme, creating new divisions to focus on emerging opportunities in payments, artificial intelligence and APIs.
Personal finance management apps are getting more demanding, with new offerings from Wells Fargo and startup Meniga challenging users to meet specific saving targets.
Wells Fargo has followed Chase in signing a data-exchange deal with Intuit, enabling its customers to use an API to import account information to financial management tools such as QuickBooks without having to hand over their account credentials.
Wells Fargo has moved its Digital Labs team into a new 17000 square foot facility in San Francisco to provide a bigger stage to showcase the bank's emerging technologies.
Emerging financial technology poses a threat to US banks that are unable to compete with this developing field, according to an official report from the US Office of the Comptroller of the Currency (OCC).
George Doolittle, Executive Vice President, Head of Global Payment Services, Wells Fargo, outlines how cybercrime should be tackled and how banks should be driving new technology.
Mastercard (NYSE: MA) and Wells Fargo & Co. (NYSE: WFC) announced today that Mastercard SendTM is now speeding payments for Wells Fargo Treasury Management and Wells Fargo Merchant Services customers.
Wells Fargo is working with San Francisco-based wealth management technology startup SigFig on a digital advisory service that the bank will begin piloting next year.
Goldman Sachs, Pivot Investment Partners and Wells Fargo are leading a $16 million investment in Droit Financial Technologies (“Droit”), with participation from DRW, a principal trading firm.
Commonwealth Bank of Australia and Well Fargo are claiming a world-first interbank open account transaction using a blockchain and the Internet of Things for the shipment of goods across international borders.
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