Visa expands Fast Track Program to enable next generation of Fintechs to rebuild the global economy
Nov20

Visa expands Fast Track Program to enable next generation of Fintechs to rebuild the global economy

The COVID-19 pandemic has created major financial challenges for businesses and consumers alike. As money management becomes increasingly digital, fintechs play a pivotal role in helping to restore and rebuild the global economy. To provide increased support for the ecosystem, Visa today announced two new components of its fintech Fast Track program: 1. A rich Partner Toolkit to help fintechs accelerate their growth and better serve...

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Varo Bank launches Varo Advance
Oct26

Varo Bank launches Varo Advance

Varo Bank, the only digital national bank, is introducing Varo Advance, an innovative product that instantly advances up to $100 to qualifying customers and gives customers more flexibility and control over their finances. Designed to help customers proactively manage their finances, Varo Advance offers instant access to up to $100 cash right in the Varo Bank app.* With a fixed, transparent cost structure – no tips, no hidden...

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Varo, First Consumer Fintech Granted National Bank Charter in the US, goes live with Temenos Cloud Technology
Sep01

Varo, First Consumer Fintech Granted National Bank Charter in the US, goes live with Temenos Cloud Technology

Temenos, the banking software company, today announced that its cloud-native technology platform has gone live with Varo Bank, N.A. (“Varo”). Varo, the first consumer fintech granted a national bank charter in the US, is using Temenos Transact as its core banking technology. Temenos Transact makes it possible to rapidly innovate and offer a full range of digital banking products, from deposit and saving accounts to credit and loans,...

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First Consumer Fintech in US History Gains Full Regulatory Approval to Become a National Bank
Aug04

First Consumer Fintech in US History Gains Full Regulatory Approval to Become a National Bank

Varo Money, Inc. today announced it has been granted its national bank charter from the Office of the Comptroller of the Currency (OCC) and secured regulatory approvals from the FDIC and Federal Reserve to open Varo Bank, N.A. This represents the first ever national bank charter granted to a US consumer fintech and will allow Varo to offer customers comprehensive, FDIC-insured banking services. Obtaining the national bank charter...

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