Bjorn Austraat, Wells Fargo – How is the thinking behind financial infrastructure changing?
Nov24

Bjorn Austraat, Wells Fargo – How is the thinking behind financial infrastructure changing?

Bjorn Austraat, Senior Vice President at Wells Fargo talks to Ali Paterson about how the thinking behind financial infrastructure is changing

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Fintech Finance Presents – The Fintech Show 4.06: AI vs Employee
Nov19

Fintech Finance Presents – The Fintech Show 4.06: AI vs Employee

In today’s episode of the Fintech Show we cover artificial intelligence and payments – two elements of a bank that are radically changing in a way that even half a decade ago, we couldn’t have conceived. Joining Ali Paterson in the studio we have Victoria Harverson in Singapore from Smartstream Technologies. Dialling in from New York we have Bjorn Austraat, SVP, Agile AI for Wells Fargo and bringing in the payments aspect we...

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Google Apigee’s Head of Strategy for Finance, Paul Rohan, teaches Open Banking in an online course
Aug27

Google Apigee’s Head of Strategy for Finance, Paul Rohan, teaches Open Banking in an online course

Open Banking is a game-changing innovation. With a global market so pivotal that it generated $7.29 billion in 2018 and is expected to reach $43.15 billion by 2026. The first month of 2020 saw Plaid’s 5.3Bn acquisition, followed 6 months later by Mastercard buying Finicity, showing the industry’s interest in acquiring the fintech enablers of Open Banking. Large banking institutions like DBS, Société Générale and Wells...

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Wells Fargo Names Mike Santomassimo as New Chief Financial Officer
Jul22

Wells Fargo Names Mike Santomassimo as New Chief Financial Officer

Wells Fargo & Company announced today that Mike Santomassimo will join the company in fall 2020 as Chief Financial Officer. Santomassimo will report to CEO Charlie Scharf and serve on the company’s Operating Committee. He will succeed John Shrewsberry, who has announced plans to retire following a successful 22-year career with Wells Fargo, including the last six years as the company’s CFO. Shrewsberry will continue in his role as...

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Bitcoin would rank as 8th largest bank globally with $169 billion in market capitalization
Jul20

Bitcoin would rank as 8th largest bank globally with $169 billion in market capitalization

Data gathered by Buy Shares indicates that Bitcoin would rank as the eighth largest bank globally with a market cap of $169.01 billion. The asset’s high cap correlates with its impressive 27.18% ROI on a Year-to-Date basis. Bitcoin beats traditional markets in ROI From the data, JP Morgan Chase’s cap of $433.5 billion, makes it the biggest bank in the world. Bitcoin would also rank lower than the Bank of America with a market cap of...

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Fintech Finance presents: Building a Bank for the Future in Association with Banking Circle
Jul15

Fintech Finance presents: Building a Bank for the Future in Association with Banking Circle

In this super-special supplement, we are very proud to present: Building a Bank for the Future in Association with Banking Circle “If anybody in a bank is telling you they know what the bank’s going to look like in five or 10 years and can guarantee their market, then I think they may be in for a shock” Elliott Limb of Mambu We take a deep dive into all how to build a bank, not for a predicted future, but a bank that...

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5 largest investment firms control over $18 trillion in assets, 85% of US GDP
Jun22

5 largest investment firms control over $18 trillion in assets, 85% of US GDP

By: JUSTINAS BALTRUSAITIS The leading investment firms continue to control a large pool of assets, in return contributing significantly to the general economic growth. By the first quarter of 2020, the top five investment companies had combined assets that amounted to at least three-quarters of the US Gross Domestic Product (GDP). Data gathered by Buyshares.co.uk shows that the five largest investment firms by assets managed accounts...

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Market Cap of World`s Five Largest Banks Dropped by $393.9bn in Four Months
Jun10

Market Cap of World`s Five Largest Banks Dropped by $393.9bn in Four Months

The coronavirus pandemic has had a huge impact on the banking system, wiping out billions of dollars in profit and market cap of even the largest financial institutions. According to data gathered by BuyShares, the market capitalization of the world’s five leading banks dropped by $393.9bn from December 2019 to April 2020. As the largest financial institution in the world, the US megabank JP Morgan Chase has taken the hardest...

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Exclusive: ‘The value exchange’ – Lisa Frazier, Wells Fargo in “The Paytech Magazine”
May21

Exclusive: ‘The value exchange’ – Lisa Frazier, Wells Fargo in “The Paytech Magazine”

Wells Fargo’s Head of Innovation, Lisa Frazier, believes one of the most compelling use cases for artificial intelligence will depend on customers making judgements that change the role of banking . Digital technologies such as artificial intelligence (AI), data analytics and the Internet of Things are making banking increasingly intuitive, if not invisible. Even the most basic of accounts can help customers manage their money, avoid...

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Exclusive: ‘The Greenhouse effect’ – Lisa Frazier, Wells Fargo in “The Fintech Magazine”
Apr30

Exclusive: ‘The Greenhouse effect’ – Lisa Frazier, Wells Fargo in “The Fintech Magazine”

Wells Fargo was known for taming financial services in the Wild West. Now, it’s driving a coach (this time without the horses) through retail banking, using AI to help customers manage money better, says Head of Innovation Lisa Frazier. Artificial intelligence (AI) will revolutionise banking by helping people to improve their financial health. Not only will AI democratise financial services by providing them at a lower cost than...

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The Paytech Magazine Issue 05
Apr30

The Paytech Magazine Issue 05

Many of the interviews for this issue were conducted when the world was a very different place… not that long ago! But if you look at our spine-tingler on our printed edition, “Life is 10 percent what happens to us, and 90 percent how we react to it.” So with that, we at Fintech Finance are very pleased to present, The Paytech Magazine! Payments as an industry has reacted to Covid-19 with imagination and fortitude,...

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Citigroup first-quarter earnings preview: Bank boosts revenues by 1.6% as it faces coronavirus downturn
Apr09

Citigroup first-quarter earnings preview: Bank boosts revenues by 1.6% as it faces coronavirus downturn

Citigroup is expected to post higher earnings on Wednesday as it prepares for a coronavirus whirlwind – but analysts say the Wall Street giant is on the brink of its toughest period since the financial crisis. US banks around the world face a toxic mix of problems sparked by the pandemic. Near-zero interest rates combined with rocketing joblessness that has grown by more than 16 million over the last three weeks, according to...

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The Fintech Magazine Issue 15
Jan23

The Fintech Magazine Issue 15

Paris FinTech Forum is upon us – and what better way to kick off the new fintech decade!  In this of The Fintech Magazine, the Forum’s ever-energetic Founder Laurent Nizri takes stock of the five years since it launched and offers some 20/20 vision on the shape of financial technology to come. While the world heads to Paris, for this issue of The Fintech Magazine, we sent our intrepid digital explorers to the far side of the earth to...

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Completion of Acquisition of Wells Fargo Shareowner Services Business
Feb01

Completion of Acquisition of Wells Fargo Shareowner Services Business

Equiniti Group plc is pleased to announce that following regulatory approval and satisfactory completion of all outstanding conditions, the Group has today completed the acquisition of Wells Fargo’s Shareowner Services business (“WFSS”). The Group will begin the integration process immediately, having undertaken extensive preparation since the initial transaction announcement in July 2017. As noted in the trading update announcement...

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Wolters Kluwer’s ELM Solutions Outlines Software Benefits with Wells Fargo Client Story
Jun21

Wolters Kluwer’s ELM Solutions Outlines Software Benefits with Wells Fargo Client Story

Wolters Kluwer’s ELM Solutions has signed one of the world’s largest banks in Wells Fargo to use its enterprise legal management software. The bank will use ELM Solutions Passport to enhance the Corporate Legal Desktop application, Wolters Kluwer says. Wells Fargo has approximately $2.0 trillion in assets, providing banking, insurance, investments, mortgage, and consumer and commercial finance, with offices in 42 countries and...

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IFGS: Bipin Sahni, Wells Fargo
May25

IFGS: Bipin Sahni, Wells Fargo

Bipin Sahni from Wells Fargo speaks to us at IFGS.

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Wells Fargo Increases Emphasis on Emerging Technologies
Feb13

Wells Fargo Increases Emphasis on Emerging Technologies

New organizational structure will help drive Wells Fargo’s growth in payments, artificial intelligence and application programming interfaces Wells Fargo & Company  announced it is enhancing the organization within its recently formed Payments, Virtual Solutions and Innovation group. The new structure aims to help increase connectivity for the company’s payments efforts, accelerate opportunities with artificial intelligence, and...

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Sibos 2016: Judd Holroyde from Wells Fargo
Oct17

Sibos 2016: Judd Holroyde from Wells Fargo

Judd Holroyde from Wells Fargo speaks to us at Sibos, Geneva.

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Sibos 2016: Bipin Sahni from Wells Fargo Bank
Oct06

Sibos 2016: Bipin Sahni from Wells Fargo Bank

Bipin Sahni from Wells Fargo Bank speaks to us at Sibos, Geneva.

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