26 October 2016
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Latest articles for Wells Fargo Bank


CBA and Wells Fargo combine blockchain and IoT to revolutionise trade finance

24 October 2016  |  8341 views  |  2 News

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.


Ecuador bank gets nod to proceed with suit against Wells Fargo over Swift heist

19 October 2016  |  3383 views  |  0 News

Wells Fargo has failed to convince a judge to dismiss a lawsuit brought against it by an Ecuadorian bank in connection with a $12 million theft made over the Swift network.


Wells Fargo forms payments and digital group

12 October 2016  |  5050 views  |  1 News

Wells Fargo has created a payments, virtual solutions and innovation group led by 23-year bank veteran Avid Modjtabai.


ANZ and Wells Fargo test distributed ledger tech for correspondent banking

10 October 2016  |  13888 views  |  0 News

Wells Fargo and Australia's ANZ have built a shared distributed ledger platform prototype for correspondent banking payment reconciliation and settlement.


Wells Fargo completes acquisition of Analytic Investors

04 October 2016  |  2029 views  |  0 Company announcement

Wells Fargo Asset Management (WFAM) announces today the completion of its acquisition of Analytic Investors, LLC on October 1, 2016.


Wells Fargo to eliminate product sales goals in wake of scandal

14 September 2016  |  1906 views  |  2 Company announcement

Wells Fargo & Company (NYSE:WFC), announced today that it will eliminate all product sales goals in retail banking, effective January 1, 2017.


Wells Fargo fined $185m for opening millions of accounts without customers' knowledge

08 September 2016  |  7137 views  |  3 News

Wells Fargo has been fined $185 million for opening up to two million unauthorised deposit and credit card accounts, issuing and activating debit cards without consent and creating phony email addresses to enrol people in online services.


US banks rebrand P2P payments service to take on Venmo

25 August 2016  |  5984 views  |  1 News

America's banks are stepping up their assault on Venmo by rebranding their clearXchange person-to-person payments service to the more consumer-friendly Zelle.


Wells Fargo hails video banking pilot

24 August 2016  |  5830 views  |  1 News

Wells Fargo says that a pilot programme that lets customers talk to a bank staffer face-to-face from the comfort of their own homes over video connection has proved a big hit.


Wall Street giants team up on cyber security

10 August 2016  |  8465 views  |  1 News

America's biggest banks are joining forces to combat the growing threat from cybercriminals, setting up a group that will work on preparing for attacks and improving information sharing, according to the Wall Street Journal.

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