wells fargo

OpenAI Liquidity Reaches $10 Billion With New Credit Facility
OpenAI Liquidity Reaches $10 Billion With New Credit Facility
October 03, 2024  |  artificial intelligence

The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech...

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Fiserv Says Wells Fargo Merchant Acquiring Joint Venture to Expire in April
Fiserv Says Wells Fargo Merchant Acquiring Joint Venture to Expire in April
September 27, 2024  |  Partnerships

Fiserv disclosed Wednesday (Sept. 25) that it expects its merchant acquiring joint venture with Wells Fargo to expire April 1, 2025. The joint venture, Wells...

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Report: Wells Fargo Submits Third-Party Review to Federal Reserve
Report: Wells Fargo Submits Third-Party Review to Federal Reserve
September 26, 2024  |  Regulation

Wells Fargo reportedly submitted a third-party review of its risk and control overhauls to the Federal Reserve, seeking to end the Fed’s cap on its...

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Overdraft Revenue Dwindles: Tech Solutions Emerge Amid Regulatory Headwinds
Overdraft Revenue Dwindles: Tech Solutions Emerge Amid Regulatory Headwinds
September 24, 2024  |  Banking

Last year, overdraft fees charged by banks — representing a revenue stream tied to account use — slipped by 24% to $5.8 billion. The industry...

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This Week in B2B: Realizing Operational Certainty Through Payments Innovation
This Week in B2B: Realizing Operational Certainty Through Payments Innovation
September 19, 2024  |  B2B Payments

The B2B landscape is full of what buyers and suppliers don’t know. In today’s rapidly evolving landscape, B2B businesses across the transaction frequently find themselves...

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Wells Fargo Debuts Specialized APIs for Commercial Banking Clients
Wells Fargo Debuts Specialized APIs for Commercial Banking Clients
September 17, 2024  |  Banking

Wells Fargo has introduced specialized application programming interfaces (APIs) tailored for its commercial banking clients. “Our new APIs provide clients real-time, on-demand information so they can...

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Wells Fargo Pledges to Fix AML Program After OCC Agreement
Wells Fargo Pledges to Fix AML Program After OCC Agreement
September 12, 2024  |  Bank Regulation

Trouble with federal regulators continues for Wells Fargo. The Office of the Comptroller of the Currency (OCC) said Thursday (Sept. 12) that it has signed...

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Banks Tap AI for Estate Management and Compliance
Banks Tap AI for Estate Management and Compliance
August 27, 2024  |  artificial intelligence

Artificial intelligence (AI) is giving financial institutions new tools to meet their goals. Wells Fargo’s AI-driven estate management is boosting customer satisfaction, while Treasury Prime...

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Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
August 26, 2024  |  Legal

JPMorgan Chase is reportedly facing a lawsuit that alleges that the bank paid “unreasonably” low interest rates on accounts used in its cash sweep program....

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