SAN FRANCISCO--(BUSINESS WIRE)--Apr 28, 2025--
Wells Fargo & Company (NYSE: WFC) today confirmed that the Consumer Financial Protection Bureau’s (CFPB) 2018 consent order related to the company’s compliance risk management program has terminated. This is the twelfth consent order closed by Wells Fargo’s regulators since 2019 and the sixth since the beginning of the year.
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Charlie Scharf, Wells Fargo’s CEO, said of today’s news:
“Today’s termination, along with the recent closure of other consent orders, demonstrates that we have completed much of our common risk and control infrastructure work, including work that is required by other orders. I am proud of the work done by our teams and remain confident that we will complete the work needed to close our other open consent orders. Wells Fargo is a different and stronger company today as we focus on creating long-term value for our customers, clients, communities and shareholders.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations.
Cautionary Statement About Forward-Looking Statements
This news release contains forward-looking statements about our future financial performance and business. Because forward-looking statements are based on our current expectations and assumptions regarding the future, they are subject to inherent risks and uncertainties. Do not unduly rely on forward-looking statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the Securities and Exchange Commission, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the Securities and Exchange Commission and available on its website at www.sec.gov.
News Release Category: WF-CF
Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo)
HANOI, Vietnam--(BUSINESS WIRE)--Jan 13, 2026--
FPT, through its global IT services subsidiary FPT Software, has achieved ISO/IEC 42001:2023, the first global standard for Artificial Intelligence (AI) Management Systems. With this milestone, FPT became the first company in Vietnam and the second in Southeast Asia to earn this recognition, underscoring its commitment to responsible AI development and deployment with consideration for fairness and impartiality, privacy and security, safety, quality and robustness, governance, transparency and explainability.
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The certification was issued by the world’s leading testing, inspection and certification company SGS and qualified by ANAB (ANSI National Accreditation Board) - a leading U.S. accreditation body with global recognition. ISO/IEC 42001 specifies requirements for establishing, implementing, maintaining, and continually improving AI management systems, allowing organizations to effectively manage risks and opportunities associated with AI, balancing innovation with compliance.
Achieving ISO/IEC 42001:2023 reflects FPT’s capability in AI governance, encompassing ethics, risk management, transparency, compliance, and ensuring alignment with both business goals and societal values. It also strengthens FPT’s position as a trusted technology partner for global organizations, especially those in highly regulated industries such as banking and financial services, automotive, healthcare, energy, and the public sector. The milestone further solidifies FPT’s position as an AI-first company, strengthening its foundation for scaling AI responsibly while helping clients navigate evolving regulatory, ethical, and operational challenges associated with AI adoption.
“As an AI-first company, we pledge to prioritize safety, ethics and accountability at every stage of our AI lifecycle. By continuously governing AI development and implementation processes, we provide our clients and partners with the assurance that our solutions are built with responsibility, transparency and adhere to international excellence,” said Dao Duy Cuong, FPT Software EVP and Chief Digital & Technology Officer, FPT Corporation.
FPT actively promotes responsible AI development as a founding member of the AI Alliance led by IBM and Meta, and the Vietnam Ethical AI Committee. The company is committed to embedding rigorous AI governance across its global operations and solution portfolio, including its flagship AI platform FleziPT, which boosts productivity by 30%, accelerates development by 60% and reduces 50% in rework. The company also maintains co-creation partnerships with global leaders like AWS, Microsoft, SAP, and NVIDIA to deliver tailored solutions for industry-specific challenges. Supporting these efforts is a workforce of over 25,000 AI-augmented, globally certified engineers, and world-class infrastructure including cutting-edge AI Factories in Vietnam and Japan, which have been ranked among the world’s Top 40 fastest supercomputers. Expanding its AI footprint, FPT is developing a new Research Center in Gia Lai Province, Vietnam, which is expected to become a critical component of its global AI development network, supporting high-quality talent cultivation for both the local community and the nation.
About FPT
FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam, operating in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. As an AI-first company, FPT is committed to elevating Vietnam’s position on the global tech map and delivering world-class AI-enabled solutions for global enterprises. FPT focuses on three critical transformations: Digital Transformation, Intelligence Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses. For more information about FPT's global IT services, please visit https://fptsoftware.com.
FPT received ISO/IEC 42001:2023 certification during the certification award ceremony in Hanoi, Vietnam
