Wells Fargo’s Vantage℠ Platform Enhances Commercial and Corporate Clients’ Digital Experience, Grows with Businesses at Scale
December 05 2022 - 7:00AM
Business Wire
Persona-driven design and AI are at center of new banking
platform
Wells Fargo & Company (NYSE: WFC) today unveiled Vantage℠, a
new digital banking platform for Commercial Banking and Corporate
& Investment Banking clients. Previously known as the
Commercial Electronic Office® – or CEO® Portal – Vantage℠ offers
enhanced features to drive a more personalized experience through
artificial intelligence (AI) and machine learning (ML) that meet
the financial needs of businesses in any stage of growth. Whether
it’s a startup in its series A funding round or one of the world’s
largest companies, Vantage℠ scales right along with a client,
offering a one-stop-shop digital banking experience.
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the full release here:
https://www.businesswire.com/news/home/20221205005088/en/
Sample screen of Credit function. (Photo:
Wells Fargo)
“Our Commercial and Corporate clients’ banking needs evolve over
time, which is why we’re delighted to launch Vantage℠, a digital
banking platform that simplifies and personalizes their experience
so that they can stay focused on what’s most important – growing
and improving their businesses,” said Reetika Grewal, head of
Digital for Commercial Banking and Corporate & Investment
Banking clients. “Vantage℠ uses cutting-edge AI and ML to offer a
tailored and intuitive platform based on a client’s specific
needs.”
The platform will use AI to provide recommendations and next
steps based around each client’s specific needs and drive an
increasingly insightful experience. Additionally, ML is leveraged
to continually refine meaningful personalization and ensure
scalability that grants businesses the capability to grow the
platform right along with their business.
Today’s announcement marks a continuation of Wells Fargo’s
holistic digital transformation, as signified by the rollout of a
new consumer mobile app earlier this year, and the development of
Fargo, its new virtual assistant. These enhanced digital
capabilities are just the start of many initiatives in Wells
Fargo’s multiyear plan to become digital-first and reinvent
personal finance. Understanding client needs is a core part of how
Wells Fargo fortifies its client relationships, and the business
understands that its technology portfolio must meet these
demands.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets and
proudly serves one in three U.S. households and more than 10% of
all middle market companies and small businesses in the U.S. We
provide a diversified set of banking, investment and mortgage
products and services, as well as consumer and commercial finance,
through our four reportable operating segments: Consumer Banking
and Lending, Commercial Banking, Corporate and Investment Banking,
and Wealth and Investment Management. Wells Fargo ranked No. 30 on
Fortune’s 2020 rankings of America’s largest corporations. In the
communities we serve, the company focuses its social impact on
building a sustainable, inclusive future for all by supporting
housing affordability, small business growth, financial health and
a low-carbon economy. News, insights and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo.
Cautionary Statement about Forward-Looking Statements
This news release contains forward-looking statements about our
future financial performance and business. Because forward-looking
statements are based on our current expectations and assumptions
regarding the future, they are subject to inherent risks and
uncertainties. Do not unduly rely on forward-looking statements as
actual results could differ materially from expectations.
Forward-looking statements speak only as of the date made, and we
do not undertake to update them to reflect changes or events that
occur after that date. For information about factors that could
cause actual results to differ materially from our expectations,
refer to our reports filed with the Securities and Exchange
Commission, including the “Forward-Looking Statements” discussion
in Wells Fargo’s most recent Quarterly Report on Form 10-Q as well
as to Wells Fargo’s other reports filed with the Securities and
Exchange Commission, including the discussion under “Risk Factors”
in our Annual Report on Form 10-K for the year ended December 31,
2018, available on its website at www.sec.gov.
News Release Category: WF-IT
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version on businesswire.com: https://www.businesswire.com/news/home/20221205005088/en/
Media Patrick Abberton, 929-401-8039
patrick.abberton@wellsfargo.com
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