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Start-ups ProxToMe and Uniken join Wells Fargo’s accelerator programme

Security and authentication   on Wells Fargo's agenda

Wells Fargo has selected two new companies – ProxToMe and Uniken – to join its Wells Fargo Start-up Accelerator.

Google’s Android Pay gets a hand from banks and PayPal

Android Pay

Google is banking on mobile apps to boost its mobile wallet. The Android Pay parent has linked that service to a handful of banking apps, giving consumers the ability add their cards more quickly to the mobile wallet.

Top fintech stories this week – 7 April 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Finicity first to ink data exchange deal with Wells Fargo

Wells Fargo

Wells Fargo and data aggregation provider Finicity have signed a deal that provides an API-based method for sharing Wells Fargo customer information with the financial apps and services that Finicity supports.

Wells Fargo settles account-scandal claims but runs afoul of federal regulator

Wells Fargo

Wells Fargo will pay $110 million to settle a class action lawsuit brought by US consumers over a scandal about fake accounts its employees set up for customers without their knowledge. But the trouble continues for the bank, which has received a dim evaluation from a federal regulator.

Wells Fargo faces new pressure over fake accounts

Under pressure

The top Democrat on the US House Financial Services Committee wants to interview executives from Wells Fargo over a scandal about fake accounts its employees set up for customers.

Analysis: banking innovation in the US

ready for innovation

Banking Technology puts the banking innovation in the US under the spotlight. The market is not short of digital offerings: Simple, Moven, Kabbage, Acorns, Earny, Debitize, MagnifyMoney and more – take your pick!

Wells Fargo teams with Intuit for data exchange

Wells Fargo turns to SigFig for robo-advisory

Wells Fargo has signed an agreement with financial software firm Intuit to help customers import their bank account data to financial management tools such as QuickBooks Online, Mint and TurboTax Online, via their application programming interface (API). Data imported via these APIs is intended to help customers save time and avoid potential data-entry errors. Brett […]

Wells Fargo turns to SigFig for robo-advisory tech

Wells Fargo turns to SigFig for robo-advisory

SigFig, a San Francisco-based fintech start-up, is partnering with Wells Fargo to provide the bank’s clients with its robo-advisory tech and wealth management tools. A pilot version will be rolled out in H1 2017.

CBA and Wells Fargo in “world-first” interbank blockchain trade transaction

Commonwealth Bank of Australia (CBA), Wells Fargo and trading firm Brighann Cotton have completed the “first” global trade transaction between two banks using blockchain, smart contracts and the Internet of Things (IoT). The transaction involved a shipment of cotton from Texas to Qingdao, China, using a distributed ledger – Skuchain’s Brackets system – for all […]