Executive panel: key banking cybersecurity developments for 2023
Ten executives from top firms, including Wells Fargo, Microsoft, TransUnion, and RBC, share their expert views.
Wells Fargo
Wells Fargo launches digital financial planning platform LifeSync
LifeSync, available from March, will sit within the Wells Fargo mobile app.
Wells Fargo lays off hundreds of its mortgage bankers
The job cuts were made in response to “significant decreases” in mortgage volumes, Wells Fargo says.
FinTech Futures: Top five stories of the week – 27 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Several major US banks reportedly team up on new digital wallet project
Seven banks are working on an e-wallet linked to consumers’ debit and credit cards, The Wall Street Journal reports.
2022: Top five partnerships
FinTech Futures takes a look back at some of the year’s top new fintech partnerships.
Wells Fargo fined $3.7bn for loan, mortgage and deposit mismanagement
Wells Fargo must pay more than $2bn in redress to 16 million affected consumers and a $1.7bn civil penalty.
Wells Fargo launches digital business banking platform Vantage
Vantage leverages AI and machine learning to deliver personalised financial services for businesses.
US banking sector launches digital asset settlement proof of concept
US banking heavyweights will explore the feasibility of a DLT-powered interoperable digital money platform.
FinTech Futures: Top five stories of the week – 28 October 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Wells Fargo partners Google Cloud for AI virtual assistant, Fargo
Fargo will leverage Google Cloud’s conversational AI platform Dialogflow to offer personalised banking tips.
Video: Wells Fargo at FinovateSpring 2022 – BaaS and open banking
FinTech Futures chats with Reetika Grewal of Wells Fargo to discuss open banking and BaaS.
Video: Wells Fargo at FinovateSpring 2022 – How to achieve digital acceleration
FinTech Futures chats with Madhu Narasimhan of Wells Fargo to discuss approaches to digital transformation.
HSBC and Wells Fargo launch blockchain-based FX settlement solution
The shared, private ledger enhances settlement speed and efficiency and reduces risk.
Sibos 2021: ISO 20022 “isn’t the solution to all your problems”, says panel
Payments panel at industry conference cautions sector about incoming standard.
Wells Fargo pays $37.3m to settle US foreign exchange lawsuit
The lawsuit was brought against the bank by the Department of Justice.
Elizabeth Warren calls on Fed to break up Wells Fargo
Senator cites the bank’s “longstanding ungovernable behaviour”.
Vestwell lands $70m Series C round co-led by Wells Fargo
Series C takes Vestwell’s total funding to around $112m over four rounds.
Super gains $50m Series C funding for home warranty sector solutions
New investor, Wells Fargo Strategic Capital (WFSC), has led the $50 million round.
2020 review: 10 largest regulatory fines this year
The fines kept flowing even in a year as turbulent as 2020.
2020 review: 10 largest bank job cuts this year
This year has seen several job cut announcements.
Three major US banks make up half of 2020’s $11.39bn fine total
Together, Goldman Sachs, Wells Fargo, and JPMorgan Chase paid $7.85 billion of this total.
Buffet sells another $2.5bn in Wells Fargo shares
The 136 million shares Berkshire owns are worth less than $3.3bn.
Wells Fargo resumes job cuts after pandemic break
Layoffs, branch closures and cuts to third-party spending are on the table.
Wells Fargo compliance chief Mike Roemer steps down
The major US bank is undergoing a risk restructure.
PayPal nabs Wells Fargo’s Peggy Mangot for venture capital role
Mangot was behind the launch of Wells Fargo’s challenger app Greenhouse.
Wells Fargo hires Ather Williams III from Bank of America
Major US bank says its new head of strategy will drive innovation.
Wells Fargo mulls job cuts amid loan losses
The major US bank is looking at a strategic overhaul.
Report: Five success factors for an ideal ISO 20022 migration
ISO 20022 represents an opportunity for banks to reinvent the way they operate.
Wells Fargo ordered to pay USAA $200m for infringed payments patents
USAA has further lawsuits pending over cheque deposit system.
Wells Fargo pilots internal settlement service using DLT
The pilot is planned for 2020.
TransferMate lands major deal with WellsFargo
The financial details haven’t been disclosed.
Wells Fargo makes record $240m settlement over fake bank accounts
Bank officials denied wrongdoing in agreeing to the settlement.
Wells Fargo well and truly has banking problems
Some problems still linger for mobile and online users.
US bank customers enter Glassbox’s digital world of pane
Clever customer management for JP Morgan Chase, Bank of America, Wells Fargo, and Citi.
Top ten lendtech stories in 2018
No groans, just loans. Our top ten lendtech stories in 2018.
Sibos 2018: Alpha-bets S-Z
A brief look at four fintech firms that are worth watching out for at the Sibos show.
Top fintech stories this week – 28 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Wells Fargo plans to cut 26,500 jobs
Significant job cuts expected over the next three years, according to CEO.
Wells Fargo wholesale banking unit probed for fraud
US Justice Department checking out bank employees and management pressure.
