Wells Fargo launches new commercial banking platform

Vantage replaces the bank's two-decade-old Commercial Electronic Office Portal and aims to bring a "consumer-like experience" to Wells' commercial and corporate clients, an executive said. Wells Fargo on Monday announced the launch of a new commercial banking platform -- a revamp the San Francisco-based bank says leverages artificial intelligence and machine learning to help clients personalize their accounts. The platform, called Vantage, replaces the bank's Commercial Electronic Office Portal, or CEO Portal, which it launched over two decades ago to serve its commercial banking and corporate and investment banking clients. Vantage is designed to meet the evolving needs of corporate and commercial clients, said Reetika Grewal, head of digital for Wells Fargo commercial banking and corporate and investment banking. The bank is in the process of migrating CEO Portal users to Vantage accounts, Grewal added.