Wells Fargo reduces headcount, invests in tech
Wells Fargo is leveraging technology and automating investments to streamline its operations as the $1.6 trillion bank continues to trim ...
Tag: Wells Fargo
Wells Fargo tech team nabs former Truist exec
Wells Fargo is adding to its technology team again. The $1.9 trillion bank secured former chief information and experience officer ...
70% of Wells Fargo’s client interactions are digital
NEW YORK — Nearly 70% of Wells Fargo’s interactions with its customers are digital as it continues to invest and ...
Transactions: Marqeta extends collaboration with Block
Card-issuing fintech Marqeta announced earlier this month that it has secured a four-year extension of its contract with digital payments ...
Promise and peril: Fairness in AI-based lending
Artificial intelligence has revolutionized credit decisioning. What was once a slow, manual and subjective process is becoming highly automated, and ...
State Street increases tech spend 3% to $405M
State Street Corp. looked to optimize savings and operational productivity through technology and automation in the second quarter. The $295 ...
Wells Fargo ups tech spend 19% YoY
Wells Fargo focused on tech spend in the second quarter as headcount continued to shrink amid a push to reduce ...
Digital dollar speeds cross-border payments
The New York Federal Reserve along with financial institutions including Citibank, HSBC, Wells Fargo and Mastercard ran a 12-week pilot ...
Lloyds Bank continues ISO 20022 migration
Lloyds Bank is continuing its migration to the ISO 20022 and identifying use cases for the network’s data as its ...
Deposits fall as Wells Fargo focuses on tech
Wells Fargo Chief Financial Officer Mike Santomassimo fielded criticism over stagnating consumer deposits Tuesday during Morgan Stanley’s US Financials, Payments ...
