Wells Fargo builds out RPA team, Plaid debuts new automation tech

This week, Bank Automation News explored Wells Fargo’s goal to stand up at least 300 automations in the next few years as it looks to expand its robotic processing automation (RPA) team. After making headlines for losing a $5.3 billion deal for acquisition by Visa, data aggregator Plaid unveiled a new beta product this week called “Deposit Switch,” which automates bank direct deposit funding and account switching. Meanwhile, Mastercard has developed a free tool aimed at curbing fraud among SMBs. In this episode of The Buzz, JJ Hornblass, Bianca Chan and Loraine Lawson discuss this news and more for the week ended Jan. 29, and look at what’s in store for next week.