Accelerator Snapshot: Wells Fargo | Insider intelligence

    A number of main banks have launched fintech accelerator applications lately, which is feasible in response to the necessity to introduce new digital monetary companies.

    In accelerator applications, banks present startups with entry to mentorship, growth assets, and generally funding alternatives. In return, banks can benefit from new options that fintech startups provide to assist their very own digital transformation efforts and stay aggressive.

    In 2014, the US-based financial institution Wells Fargo, which spends billions of {dollars} yearly on know-how initiatives, launched Wells Fargo startup Accelerator.

    On this accelerator snapshot, Insider Intelligence particulars the objectives, operations and notable individuals of Wells Fargo’s accelerator program.

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