Wells Fargo & Co. will add additional enterprise-level digital capabilities, APIs, and SDKs to its Home Lending platform.
The additional APIs and SDKs should allow more integrations with other technology services and applications.
The San Francisco-based bank disclosed the plan in a job posting today.
Among the services that will be included in these open-fintech offerings are the bank’s YourLoanTracker tool and its payment services. Another component of this digital strategy includes utilizing the bank’s Enterprise Incubator and innovation team – not just seeking outside help from fintechs.
Wells Fargo launched a digital mortgage platform early last year. According to its earnings report last week, 30% of all mortgage applications in December at Wells were made online.
Wells Fargo has a market capitalization of $235 billion.
Wells Fargo has not responded to Bank Innovation’s request for comment.Like This Post