Weekly Wrap - Zelle pushes into business payments and banks adopt fusion centers

Zelle is moving beyond peer-to-peer and pushing into business-to-consumer territory. “Not only we, at Wells Fargo, but Early Warning and its network banks have seen a significant increase in businesses using disbursements with Zelle,” said Michelle Ziolkowski, head of global payables in treasury management at Wells Fargo. Big banks, meanwhile, are adopting fusion centers to enlist different departments to work together to fight cybersecurity threats. Finally, INV Fintech startup gravityAI has launched out of private beta, and its two-sided marketplace for algorithms is "open for business."

Find this and more in today’s edition of The Weekly Wrap, featuring JJ Hornblass, Bianca Chan, Rick Morgan and gravityAI founder Daniel Huss, for the week ending July 10, 2020.