FX settlement system CLS Group (CLS) has announced that Wells Fargo & Co (NYSE:WFC) has joined as a settlement member. Wells Fargo joins 64 other settlement member banks in becoming a direct participant in CLS’s settlement and risk mitigation system – which settles approximately $5 trillion a day on behalf of its clients. Wells Fargo will benefit…
Read moreThe trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…
Read moreTwo companies with addresses in Hong Kong are falsely claiming to be associated with the authorized bank and financial services major.
Read moreWells Fargo Advisors (WFA) and Wells Fargo Advisors Financial Network (WFAFN), to pay a joint fine of $1.5 million for anti-money laundering (AML) failures, as both firms failed to subject over 200,000 new accounts to identity verification
Read moreWells Fargo selects Integral to launch its new FX platform. Two weeks ago came word that Barclays had replaced Integral with a white label from FXCM for its FX solution. Well today comes word that Integral has indeed won another large bank client, this time Wells Fargo. Integral announced that it was selected by Wells Fargo…
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