Wells Fargo - News, Articles & Research

FS giants join $40m Greenwood funding round

Mastercard, Visa and host of America's biggest banks have joined a $40 million Series A funding round for Greenwood, the digital banking startup targeting Black and Latino people and business owners.

25 March 2021

News/people

Wells Fargo hires Reetika Grewal for top digital role

Wells Fargo has hired JP Morgan Chase's Reetika Grewal as its head of digital for commercial banking and corporate and investment banking.

19 March 2021

Company announcement/inclusion

Wells Fargo invests in six black-owned bank

Wells Fargo today announced equity investments in six African American Minority Depository Institutions (MDIs) as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned banks.

12 February 2021

News/retail

Big US banks pilot data sharing risk assessment service

Bank of America, JPMorgan Chase, PNC Bank, TD Bank, Truist, US Bank, and Wells Fargo have piloted a data sharing risk assessment service that streamlines risk evaluations of data aggregators and financial apps.

27 January 2021

News/wholesale

Wells Fargo leads $20m Series A for cash management startup Trovata

Trovata, a US startup specialising in automating cash reporting and forecasting through wholesale, multi-bank API data aggregation, has raised $20 million in a Series A funding round led by Wells Fargo Strategic Capital.

20 January 2021

Company announcement/regulation

OCC terminates Wells Fargo AML consent order

Wells Fargo & Company (NYSE: WFC) today announced that the Office of the Comptroller of the Currency (OCC) has terminated a 2015 consent order related to the company’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program.

06 January 2021

Company announcement/people

Michelle Moore named digital platform leader at Wells Fargo

Wells Fargo & Company (NYSE: WFC) today announced that Michelle Moore will join the company as Digital Platform leader, effective Dec. 31, 2020. She will report to Ather Williams III, head of Strategy, Digital and Innovation, and will be based in Charlotte, North Carolina.

21 December 2020

Company announcement/payments

Bill.com and Wells Fargo team on Bill Manager

Bill.com (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and midsize businesses (SMBs) and Wells Fargo & Company (NYSE:WFC) today announced Bill Manager, a new joint offering now available to help automate and simplify the accounts payable and receivable process for small to midsize businesses.

09 December 2020

Company announcement/payments

Wells Fargo launches virtual card payments service

Wells Fargo announced today a new solution to help business customers eliminate paper checks by using one-time virtual card numbers to digitally pay invoices through the WellsOne® Virtual Card Payments service.

19 November 2020

Company announcement/startups

Wells Fargo Startup Accelerator joins $8.7 million round in philanthropic wealth platform Amicus

Amicus.io, the fintech company behind the philanthropic platform for DAF 2.0, today announced that it has raised $8.7M in series B funding from mission-driven investors in philanthropic and banking sectors hailing from the US and Canada.

18 November 2020

Company announcement

Wells Fargo Quantitative Prime Services to offer HPR trading platform to clients

Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that its Quantitative Prime Services division has partnered with HPR, a leading financial technology player in electronic trading, to provide an elite next-generation trading platform for clients.

17 November 2020

Company announcement/startups

Extend and Oliver join the Wells Fargo Startup Accelerator

Wells Fargo & Company (NYSE:WFC) announced today that companies Extend and Oliver have joined the Wells Fargo Startup Accelerator, a portfolio of startup companies that develop solutions across a broad set of domains including customer experience, payments, marketing, risk and regulation, climate change and security.

09 November 2020