Wells Fargo

293 results about this entity

Period: 14 Nov 2007 - 18 Sep 2024

US regulator cites fintech as risk to banking system

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).

Cyber terrorism: a defining issue of our time

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.

Wells Fargo taps Mastercard Send for real-time treasury payments

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 partners SigFig on robo-advisor service

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 joins $16m funding round for regtech outfit Droit

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.

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

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

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

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

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

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

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

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.