Wells Fargo Appoints AWS Exec Faraz Shafiq as Head of AI Products and Solutions | PYMNTS.com

Shafiq will oversee the vision, roadmap and development for artificial intelligence-powered products across the bank and will report to Saul Van Beurden, head of AI and co-CEO of Consumer Banking and Lending, Wells Fargo said in a Monday (Jan. 26) press release.

“Hiring top talent is a critical factor to expand AI faster with higher impact,” Van Beurden said in the release. “Faraz’s deep expertise in generative and agentic AI and proven leadership in scaling enterprise platforms will accelerate the execution of our strategy of using AI to transform how we work and how we serve our customers, and ultimately propel the growth of the bank.”

Shafiq has more than 15 years of experience in technology leadership and product innovation at AWS, Verizon, AT&T and Google, according to the release. He is currently field chief technology officer, Gen AI and…