Blockchains could save banks $10B in cross-border payments costs by 2030
Cross-border payments in their current form tend to be slow, costly and offer limited transparency and traceability. Deploying blockchains — ...
Tag: Wells Fargo
Socure pushes to automate verification of all U.S. online identities
Shifting consumer behavior toward more online transacting and financial services — and rising online fraud — are among the drivers ...
Automation may reduce racial bias in lending
Automation may reduce racial bias. That is according to a recent study of Paycheck Protection Program (PPP) loans — a ...
Deals and Dollars: European fintechs land $1.7B in funding rounds
European fintechs fared well in funding rounds this week, with neobank N26 nabbing $900 million and banking infrastructure company Euroclear ...
Wells Fargo, Bank of America and US Bancorp show growth in digital platforms
Wells Fargo, Bank of America and U.S. Bancorp all highlighted their digital growth and use of the payment platform Zelle ...
‘Developers are the new bankers’: Wells Fargo analysts predict wave of job cuts
The era of bankers dominating banking is over as software developers rise -- and a record wave of job cuts ...
Wells Fargo to implement nCino’s bank operating system, expand digital capabilities
The $1.9 trillion Wells Fargo has selected banking software provider nCino's technology platform to streamline loan origination, account opening, business ...
How APIs are driving financial innovation
Technology innovation isn’t just making embedded finance possible, it’s opening up new business channels. Embedded finance — or financial services ...
Financial services firms face high incidence of phishing attacks
As financial institutions lean on digital channels to keep pace with customer requirements during the pandemic, cyberattackers have multiplied their ...
Wells Fargo shifts its APIs to tougher security standard
The $1.9 trillion Wells Fargo is migrating from its token-based API to the OAuth 2 API, which adds “an additional ...
