Bank technology

The money will be used to hire more people. It is also a morale boost for the group, which has suffered some high-profile recent defections.

The gray-bearded ATM would seem like a goner since mobile usage is surging and cash withdrawals are flatlining. But banks such as JPMorgan, B of A and PNC are pouring money into overhauling them in a bid, oddly enough, to attract a younger generation of customer.

A dozen years after it pioneered the technology, the company now says any bank or credit union using RDC is infringing on its innovation.

From digital lending solutions for U.S. community banks to Sharia-compliant finance in Africa

Wells Fargo is expanding its fintech accelerator so it is better positioned to connect with customers through channels like the internet of things.