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April 14, 2022 | Tom Ballard

Wells Fargo announces national challenge to find financial industry innovations

Wells Fargo Bank is looking for game changing ideas and technologies to better service its customers, so what better way to do so than a competition.

The inaugural “Wells Fargo Innovation Challenge” is now accepting applications through May 13 with a total of $600,000 in prize money on the line. The grand prize winner will receive $250,000, and seven other finalists will receive $50,000 each. The goal is to connect Wells Fargo with U.S. based start-ups, accelerators, and venture capitalists to create forward-looking financial solutions. Six opportunity areas have been identified.

Semi-finalists will be notified the week of May 30, and the competition continues through various stages before culminating with pitches by the top three candidates at the “Wells Fargo Innovation Summit” November 8-10.

More information can be found here.

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