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Wells Fargo Explores the Future of Security & AuthenticationWells Fargo (News - Alert) (NYSE:WFC) announced today that it has selected two new companies - ProxToMe and Uniken - to join the Wells Fargo Startup Accelerator. Each participant in the non-exclusive, six-month program is eligible to receive up to $500,000, mentoring, and guidance in refining their potential breakthrough technologies for the financial services industry. Wells Fargo business and technology leaders will work closely with the companies to test concepts for corporate and retail customers while helping them accelerate time to market for their services. With these additions, Wells Fargo has selected 13 companies in total into the program with more to be announced soon. The bank is now accepting applications worldwide through June 23 at www.wellsfargo.com/accelerator. "Wells Fargo is always interested in innovative ideas that make banking faster, easier, smarter and safer - for our customers and the financial services industry," said Steve Ellis, head of Wells Fargo's Innovation Group. "Security is ever-changing and top-of-mind for financial services, and this collaboration with ProxToMe and Uniken helps us nurture innovation while continuing to build a better customer experience." Latest Companies:
Wells Fargo's Startup Accelerator team looks to work with innovators in areas that include: analytics, mobile, cybersecurity, payments, lending, user-interaction design, artificial intelligence, virtual and augmented reality, digital marketing, and operations. Wells Fargo pairs each startup with a mentor who helps guide them through a proof of concept engagement and provides education around the process of approaching and selling products and services to a Fortune 500 company, as the demands, scale, and requirements are unique for a company this size. Since its inception in 2014, the Wells Fargo Startup Accelerator has received applications from more than 1,100 innovative companies in over 50 countries. Also, the Wells Fargo Startup Accelerator was named a top U.S. fintech accelerator by eFinancialCareers in March 2016. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune's 2016 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
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