In a sluggish, low-rate economic environment, banks find it increasingly harder to differentiate from the competition. For Wells Fargo, addressing that challenge involves continuous investments, as much in mobile as in bank branches, according to COO Timothy Sloan. “To be able to differentiate yourself, we have to be able to provide ourRead More
Post Tagged with: "Wells Fargo Pay"
Bank of America said “No” to innovation labs last year. This year, while rivals JPMorgan Chase and Wells Fargo & Co. are bringing wallets to market, BofA is looking instead to the surrounding ecosystem. “We want to be in an open wallet ecosystem,” Hari Gopalkrishnan, client-facing platforms technology CIO at Bank of America MerrillRead More
The latest in the mobile wallet craze: Wells Fargo Pay joins the (already long) pipeline of mobile wallets. But Wells bets that its massive mobile banking userbase will drive wallet adoption. Wells Fargo Pay will launch later this summer, the bank said this morning, and will be integrated into its existing mobileRead More