wells fargo

Instant Payments Help New Payments Ecosystems Blossom
Instant Payments Help New Payments Ecosystems Blossom
November 28, 2022  |  Faster Payments

Faster payments take center stage this coming year, as FedNow, the U.S.-based instant payments network, gets up and running. But as Wells Fargo Head of...

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Wells Fargo and HSBC Add Offshore Yuan to FX System
Wells Fargo and HSBC Add Offshore Yuan to FX System
November 17, 2022  |  Blockchain

Wells Fargo and HSBC, two of the world’s largest banks, have added the offshore version of China’s yuan (CNH) to their blockchain-based foreign exchange (FX)...

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CFPB Seeks $1B+ in Fines From Wells Fargo
CFPB Seeks $1B+ in Fines From Wells Fargo
November 06, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) wants Wells Fargo to pay more than $1 billion for alleged mistreatment of customers, a settlement that would surpass...

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Real Estate Startup Bilt Sees Valuation Quadruple to $1.5B
Real Estate Startup Bilt Sees Valuation Quadruple to $1.5B
October 25, 2022  |  Investments

The chief executive of real estate startup Bilt Rewards says his company has seen its valuation grow fourfold to $1.5 billion following a $150 million...

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Bank Earnings Show Consumers’ Increased Use of Digital Channels
Bank Earnings Show Consumers’ Increased Use of Digital Channels
October 14, 2022  |  Digital-First Banking

Earnings season has just gotten underway. And amid the slew of bank reports on Friday (Oct. 14) – the trinity of JPMorgan, Citigroup and Wells...

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Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
October 11, 2022  |  Banking

Bank loan-loss reserves are expected to increase for the third month in a row to as much as $4.5 billion as the nation’s six largest...

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Capital One Continues to Lead Credit Card App Provider Rankings
Capital One Continues to Lead Credit Card App Provider Rankings
September 27, 2022  |  Credit Cards

Still: Top of the heap. A-number one. At least for this month, In the latest reading of the PYMNTS Credit Card App Provider Index, Capital...

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Bank CEOs’ Congressional Testimonies Spotlight Digital Strategies, Inclusion
Bank CEOs’ Congressional Testimonies Spotlight Digital Strategies, Inclusion
September 21, 2022  |  Regulation

The hearing is titled: “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks.” And the appearance of and testimony by executives from the seven...

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The Insider POV on Effective End-to-End Digital Customer Experiences
The Insider POV on Effective End-to-End Digital Customer Experiences
September 20, 2022  |  Consumer Payments

75% of car buyers favor brands that offer rewards, with a similar percentage (74%) favoring digital payments. In the latest edition of the "Expanding Payments...

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