Wells Fargo Appoints AWS’s Faraz Shafiq as Head of AI Products
Wells Fargo Appoints AWS’s Faraz Shafiq as Head of AI Products
Publish Date: 2026-01-26 12:49:00
Source Domain: www.pymnts.com
- Wells Fargo appointed Faraz Shafiq as head of AI products and solutions, effective Feb. 9.
- Shafiq will oversee AI-powered product strategy and will report to Saul Van Beurden, who heads AI and co-CEO of Consumer Banking and Lending.
- Shafiq has over 15 years of experience in technology and product innovation, including roles at AWS, Verizon, AT&T, and Google.
- Wells Fargo sees AI as a key driver for growth, having trained over 90,000 employees and deployed AI tools to more than 180,000 desktops.
- The company has also expanded its collaboration with Google Cloud to implement AI agents, reporting a 30-35% increase in coding efficiency for engineers.
