Bank of AmeriCorps members will have the opportunity to access data about the bank’s performance over time through the end of 2019.
The bank is expected to announce details about the data at a conference on Friday, according to a person familiar with the matter.
The person spoke on condition of anonymity because the bank did not respond to a request for comment.
The announcement is a victory for the bank as it faces scrutiny for failing to keep customers’ data secure as it grew into the nation’s largest financial institution.
Last year, the Federal Reserve said the bank had broken the law in the handling of customer data and that the bank was likely to face further scrutiny for its practices.
The Wells Fargo branch is located in Wilmington, Delaware, and is the bank´s second largest in the U.S.
The company is planning to launch an internal, mobile app to allow members to access their financial information from an on-screen map that allows them to see financial statements and other information.
Bank of Ameriacorps members can access the app on Apple Watch, Android Wear and Android phones and tablets.
The app is designed to be accessible to the public, the person said.
The bank has been working to ensure that its members have access to its financial information, and it is working with industry players to help them develop and promote apps, according the person, who asked not to be identified because the information is confidential.
The news comes at a time when the company faces scrutiny from regulators for its handling of customers’ information.
The Federal Reserve has said the company had broken a series of federal privacy laws and that it was likely violating the terms of its bailout, which was approved by Congress in 2016.
The Federal Trade Commission, the Justice Department and the Securities and Exchange Commission are also investigating whether the bank has engaged in unfair or deceptive practices.
In September, Bank of the West announced it was buying American International Group Inc. (AIG), one of the biggest U.K. banks, for $6.4 billion.
The move followed the collapse of the bank after it was hit by a devastating housing collapse and a financial crisis.
In May, Bank One Financial Group Inc., another major U.C.L.A. bank, was forced to admit it had failed to protect customers from hackers after a cyberattack.
Bank One was also sued by customers for the handling and sale of their credit card information.