Post Tagged with: "Wells Fargo"

Here Is How to Build (And Maintain) Your Innovation Team

Here Is How to Build (And Maintain) Your Innovation Team

by February 22, 2017 at 11:51 am 0 comments

Innovation groups are a relatively recent, but an increasingly important, addition to traditional bank structures. FIs employ different approaches when forming those teams: some banks have full-time, devoted engineers and technologists, while others source their existing employee-base to bring in a mixture of expertise from different departments. Whatever the approach is,Read More

Wells Fargo: More Mobile Users, Fewer Credit Cards

Wells Fargo: More Mobile Users, Fewer Credit Cards

by February 17, 2017 at 12:29 pm 0 comments

Wells Fargo’s mobile user numbers are higher than ever—but that’s not thanks to new activity by consumers. According to the retail banking numbers the banks released today for the month of January, its customers aren’t opening as many accounts—are, in fact, closing more of them—and aren’t applying for as manyRead More

Facebook Global Director to Talk Payment Partnerships at Bank Innovation

Facebook Global Director to Talk Payment Partnerships at Bank Innovation

by February 16, 2017 at 3:03 pm 0 comments

Kahina Van Dyke, global director of commerce & payment partnerships at Facebook, will be a featured speaker at Bank Innovation 2017, which takes place in San Jose on March 6-7. Van Dyke will participate in a fireside chat at the invitation-only event. Facebook has a market capitalization of $384.5 billion.Read More

Banks Build a New Standard for Cross-Border With SWIFT (And Not Blockchain)

Banks Build a New Standard for Cross-Border With SWIFT (And Not Blockchain)

by February 16, 2017 at 11:45 am 0 comments

Cross-border payments are getting an update—but banks are keeping blockchain in the blockchain labs. Instead of distributed ledger technology, banks like Citi, Wells Fargo, and BBVA, are looking to projects like SWIFT’s global payments innovation service — or gpi — which went live today, following its January launch. “If [theRead More

Wells Fargo Gets New Focus on Innovation, AI

Wells Fargo Gets New Focus on Innovation, AI

by February 10, 2017 at 12:31 pm 1 comment

What is the best application of AI for financial  institutions? Wells Fargo is set to find out. The bank announced the launch of a new team today, dubbed the Artificial Intelligence Enterprise Solutions group, which will focus its efforts on AI (as the name suggests). The group is part of an effortRead More

12 Coolest Brands in Banking 2017 Page 6

12 Coolest Brands in Banking 2017 Page 6

by February 1, 2017 at 11:59 am 0 comments

11. ThoughtMachine: Transforming the Core, One Bank at a Time Convincing a bank to change its core operating system is a tough mission. But a group of ex-Googlers are firmly set to change this narrative. ThoughtMachine – a London-based startup, launched last year – is bringing a brand new bankRead More

Wells Fargo Head of Digital Experience Marie Floyd to Speak at Bank Innovation ’17

Wells Fargo Head of Digital Experience Marie Floyd to Speak at Bank Innovation ’17

by January 31, 2017 at 2:16 pm 1 comment

Marie Floyd, Senior Vice President and Head of Digital Consumer Experience at Wells Fargo, is set to speak at Bank Innovation 2017. Floyd is responsible for customer insight and digital applications at the San Francisco-based bank, an area that includes the company’s web applications as well as the content andRead More

BMO Harris Adds P2P Payments to Its App

BMO Harris Adds P2P Payments to Its App

by January 26, 2017 at 10:05 am 1 comment

BMO Harris seems to be on (digital) track. The bank announced the launch yesterday of People Pay – an instant peer-to-peer money transfer service for its mobile app users. The service is free, as it is with every payments offering from banks on the clearXchange network, and doesn’t require recipients toRead More

Wells Shows Largest Mobile User Growth Among 3 Largest Banks

Wells Shows Largest Mobile User Growth Among 3 Largest Banks

by January 13, 2017 at 11:28 am 1 comment

Three of the nation’s largest banks released their digital user stats this morning, and yes, the banking world is still racing to mobile. Wells Fargo, in particular, demonstrated strong growth both on yearly and quarterly basis, delivering on the CEO’s promise of “continued focus” on tech and digital, despite theRead More

Digital Usage Blows Up at BofA, Wells

Digital Usage Blows Up at BofA, Wells

by January 13, 2017 at 10:55 am 1 comment

You might as well call them e-Bank of America and Wells Fargo Digital Bank. Both BofA and Wells, the No. 2 and No. 3 ranked banks in the U.S., respectively, today for the first time released usage numbers for their digital banking operations, and they are eyepopping. BofA got 112Read More