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Wells Fargo Gets New Focus on Innovation, AI

Wells Fargo Gets New Focus on Innovation, AI

February 13, 2017

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What is the best application of AI for financial  institutions? Wells Fargo is set to find out.

The bank announced the launch of a new team today, dubbed the Artificial Intelligence Enterprise Solutions group, which will focus its efforts on AI (as the name suggests). The group is part of an effort to increase Wells Fargo’s “emphasis on emerging technologies,” the bank said in a statement.

The new team is part of Wells Fargo’s recently formed Payments, Virtual Solutions and Innovation Group, founded in October this past year, and presently led by Avid Modjtabai.

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