Wells Fargo - News, Articles & Research

Company announcement/wholesale

Wells Fargo chooses TradeSun to digitise trade finance

TradeSun and Wells Fargo have entered into an agreement that will enable Wells Fargo to leverage the industry leading trade finance and compliance digitization solution from TradeSun, using Artificial Intelligence (AI) and other advanced technologies to streamline the complex and manual processes employed globally within the banking industry.

16 April 2024

Company announcement/payments

Setpoint establishes relationship with Wells Fargo

Setpoint, a leading financial services provider, is pleased to establish a banking relationship with Wells Fargo which enables the cloud-based software company to expand its payment disbursement capabilities.

07 February 2024

Company announcement/inclusion

UnidosUS and Wells Fargo launch programme to reach underbanked Latinos

UnidosUS—the nation’s largest Latino civil rights and advocacy organization and Wells Fargo are launching a program to promote Bank On nationally certified accounts, transaction accounts that offer low or no fees, no overdraft charges, and other accessible features.

18 December 2023

News/retail

Wells Fargo extends wealth platform to all customers

Wells Fargo is making its digital platform for helping people plan and track their money available to all consumer customers.

12 October 2023

Finextra TV/Sibos

How digitalisation is shaking up the customer experience

At Sibos 2023, Marcus Sehr, Global Head of Global Treasury Management (GTM) Banks, Wells Fargo, and Joanne Strobel, Head of Corporate & Investment Banking Segments Solutions & Advisory, Wells Fargo GTM, discuss how changing customer demands impact banking strategies and explore the industry methods available to keep up with the shifting landscape.

12 October 2023

Finextra TV/Sibos

Insights into Cross-Border Payments

John Hunter, Head of Payments and Transaction Services, Wells Fargo Global Treasury Management, discusses cross-border payments at Sibos 2023, highlighting enhancements in customer experience, ongoing experimentation with new payment models, and the pivotal role of partnerships driving industry transformation.

11 October 2023

Finextra TV/Sibos

Optimising customer experience through technology and operations

At Sibos 2023, Jason Christensen, GTM Technology, Wells Fargo, and Vanessa Leite, GTM Operations, Wells Fargo, explore aligning technologies like ISO 20022 with operations, and its impact on enhancing client value and operational efficiency.

05 October 2023

Company announcement/payments

ChargeAfter expands embedded lender network with Wells Fargo

ChargeAfter, the embedded lending platform for point-of-sale financing, announced today that it is partnering with Wells Fargo Retail Services, a division of Wells Fargo Bank, NA that facilitates the delivery of consumer private label and industry credit card programs to retailers.

16 August 2023

News/regulation

More banks pay multi-million dollar penalties over WhatsApp use

Wells Fargo and BNP Paribas are among the latest banks to be hit with multi-million dollar penalties by US regulators over employee use of unofficial communication tools like WhatsApp and iMessage.

08 August 2023

Company announcement/people

Wells Fargo EVP joins Fintech Sandbox board

Fintech Sandbox, a nonprofit that provides early-stage startups around the world with free access to critical datasets and infrastructure, today announced the addition of Reetika Grewal, EVP and Head of Digital for Commercial Banking and the Corporate & Investment Bank at Wells Fargo, as a new member to its governance board.

25 July 2023

News/crypto

NY Fed and banks upbeat on digital dollar pilot results

The Federal Reserve Bank of New York says that proof-of-concept run with a host of banks has demonstrated the feasibility of a regulated digital asset settlement platform supported by shared ledger technology.

07 July 2023

News/wholesale

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