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Wells Fargo’s Q3 Beats On Revenues, Falls Short On Earnings

PYMNTS

As Wells Fargo seeks to cut costs while retooling its business for the age of digital banking, the company reported slightly better than expected revenues, but missed analysts’ earnings expectations for the third quarter. The bank reported revenues of $21.9 In addition, the bank counted 22.5

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The year shareholder meetings went virtual

American Banker

Discover Financial Services and Bank First in Wisconsin, two of the many companies that went all-remote with their annual meetings this year, gave the process high marks. But the longer-term prospects industrywide are unclear.

Meeting 58
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NEW REPORT: Behind Regions Bank’s AI-Powered Digital-First Push

PYMNTS

percent of banking customers would be interested in switching their financial institutions (FIs) if their branch experiences do not match their digital banking experiences. A digital-first approach to banking has become critical to survival, in other words. Recent PYMNTS research indicates that 34.8

Regional 109
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Finastra Acquires Mobile Banking Provider Malauzai

PYMNTS

Finastra , the FinTech company, announced Monday (June 18) that it has acquired Malauzai , a provider of mobile and internet banking solutions for community financial institutions (FIs). retail and business banking sectors by further enabling digital transformation for community banks and credit unions around the U.S.

Mobile 100
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Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6

Fintech Labs Insights

The second quarter funding pace continued to stay strong with 26 companies raising $267 million ($55 million of that was debt) the first week of May. The deals were widely dispersed around the world, with only 4 of the 26 companies hanging their shingles in California (although those four did account for half the dollar value).

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Fiserv Buys ACI Worldwide’s Community Financial Services Division for $200 Million

Fintech Labs Insights

Included in the transaction are CFS clients as well as the company’s employees, who will join Fiserv’s workforce of 21,000. Advantage Consolidated Bank Bill Pay. Wisconsin-based Fiserv recently debuted its Mobiliti Enterprise at FinovateFall 2015. The highlight of the deal, however, seems to be the technology.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

In other cases, like virtual reality, 3D printing, or telehealth, the crisis may change the course of the industry, enabling companies to demonstrate value that, until now, consumers have been unable or unwilling to see. Companies already working in telemedicine have seen a dramatic boost to their businesses. Source: DETECT.

Industry 101