Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Wells Fargo Open Big Data Lab

by Artur Lapinsch
May 31, 2016
in Big Data, Finance, News
Home Topics Data Science Big Data
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on e-mail

Jim Smith, Executive VP and Head of the digital channels group at Wells Fargo, has been discussing recent innovations within the company. Among these innovations is the establishing of Big Data lab, which will augment customer experience, help to identify and prevent fraud, and garner insights about who’s using their technologies.

“The technology and pace of change has increased in those 20 years, yet there’s so much more that can be done with mobile and all the information we have available to us now. I feel like we’re just at the start of this journey of transforming how people manage their finances,” Smith says.

Wells Fargo’s recent transformations include:

  • Launching a service which allows check deposits to be paid through smartphones, which currently has 1.5 million users
  • Introduced the SurePay service, which allows face-to-face transactions to be carried out throuhg mobile devices using emails/phone numbers
  • Launched the Wells Fargo app on iPads and Android tablets; there were 200,000 downloads of the iPad app two weeks after the launch, and over 1,000,000 subsequent downloads
  • Continuing to work on its mobile banking features; over half of Wells Fargo’s 23 million active online banking customers now use the mobile banking service

Looking ahead, it is mobile capabilities that intrigue Smith most. “The areas we think are really interesting in the next five years relate to mobile,” he stated. “So far, most companies have just taken capabilities they had in online banking and other channels and rebuilt them into mobile.” With the continuing rise of mobile technology, functions such as loan applications and opening new accounts could be done entirely over mobile in the coming years.

Read more here.
(Image credit: Paul Falardeau)


Join the Partisia Blockchain Hackathon, design the future, gain new skills, and win!


Follow @DataconomyMedia


Interested in more content like this? Sign up to our newsletter, and you wont miss a thing!

[mc4wp_form]

 

Tags: mobile technologyWells Fargo

Related Posts

How did ChatGPT passed an MBA exam

How did ChatGPT passed an MBA exam?

January 27, 2023
Google code red: ChatGPT and You.com like AI-powered tools threatening the search engine. Moreover, latest Apple Search rumors increased the danger.

Google code red: ChatGPT, You.com and rumors of Apple Search challenge the dominance of search giant

January 26, 2023
T-Mobile data breach 2023 explained: Learn how did the leak happen and explore T-Mobile data breach history. It is not the first time of the company

T-Mobile data breach 2023: The telecom giant got hacked eight times in the last six years

January 20, 2023
Microsoft layoffs 2023: Amazon job cuts that affect 11,000 employees explained. Big tech layoffs continue... Learn why and what will happen next.

Microsoft layoffs will affect more than 11,000 employees

January 18, 2023
Medibank Data Breach Class Action: Compensation can reach up to $20,000 per person

Medibank Data Breach Class Action: Compensation can reach up to $20,000 per person

January 16, 2023
What is DoNotPay AI Lawyer? The world's first robot lawyer ready to give $1 million to represent you. How does it work? Keep reading.

DoNotPay AI lawyer is ready to give $1 million for any case in US

January 12, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST ARTICLES

BuzzFeed ChatGPT integration: Buzzfeed stock surges after the OpenAI deal

Adversarial machine learning 101: A new cybersecurity frontier

Fostering a culture of innovation through digital maturity

Nvidia Eye Contact AI can be the savior of your online meetings

How did ChatGPT passed an MBA exam?

AI prompt engineering is the key to limitless worlds

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy
  • Partnership
  • Writers wanted

Follow Us

  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.