FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Wells Tech Will Move Faster, CEO Says

Diana AsatryanbyDiana Asatryan
December 7, 2016
in Payments
Reading Time: 2 mins read
0
Share on Facebook

canstockphoto3790840Wells Fargo has had a rough several month. 

While the bank is focused on “the hard work that’s necessary to restore trust in Wells Fargo,” it is not planning to slow down on new product launches, Tim Sloan, president and chief executive, said at the Goldman Sachs Financial Services Conference yesterday.

“I think we as a company need to move a little bit faster in terms of the pace at which we introduced new products, introduce new convenience and continue to invest in technology,” he said. “So I look at, for example, our wealth and investment management business where we have a terrific management team, they had their best quarter in their entire history in the third quarter, great opportunities to continue to grow including adding technology and offerings like roboadvising.”

Among the initiatives to speed up the pace of innovation, Sloan explained, is the formation of a new payments virtual solutions and innovation group (PVSI), which was announced in October. The new group, led by 23-year Wells veteran Avid Modjtabai, will include members from across the company in order to “accelerate our focus on delivering the next generation of payments capabilities, advancing digital and online offerings, and investing in new customer experiences and products,” the CEO said.

Sloan expects to hold the “differential advantage” in the mortgage business, thanks to all the tech investments in that sector. “So there is lots of opportunities across the company, I think we’ve got the right leadership team in place, notwithstanding that we’ve some good headwinds just to measure us by our performance.”

Tags: innovationWells Fargo
Previous Post

Citi Fintech Launches First Product for Citigold Cardmembers

Next Post

Regtech Thrives On Change: Welcoming Trump, Brexit and China

Related Posts

RBC building in Toronto
Payments

Francisco to buy payments firm Moneris from RBC, BMO for $1.4B

August 11, 2026
Interior of a Cloudflare office building with signage
Payments

Nonhuman traffic surpasses human traffic on Cloudflare network

August 7, 2026
block cash app
Payments

Block ships more than 130 features in H1 2026, up 3X YoY because of AI

August 6, 2026
Next Post

Regtech Thrives On Change: Welcoming Trump, Brexit and China

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account