[Varo Money in American Banker] With bank charter in hand, Varo sweetens its offerings

 

Read more here.

The post [Varo Money in American Banker] With bank charter in hand, Varo sweetens its offerings appeared first on OurCrowd Blog.

OurCrowd Blog

[Varo Money in Wired] Making banking better for billions with next-gen technology

By partnering with Temenos, Varo, which launched in 2017, has been able to quickly develop and launch a range of products and bring them to market in record time. Crucially, it has offered innovative digital banking services to the 180 million Americans previously underserved by the traditional system.

Read more here.

The post [Varo Money in Wired] Making banking better for billions with next-gen technology appeared first on OurCrowd Blog.

OurCrowd Blog

[Varo Money in Banks AM] Competition between banks and fintech startups grows in USA

A Silicon Valley fintech startup called Varo Money began to offer state insured customer deposits. Financial Times describes it as a “watershed moment” in the competition between financial startups with traditional banks.

Read more here.

The post [Varo Money in Banks AM] Competition between banks and fintech startups grows in USA appeared first on OurCrowd Blog.

OurCrowd Blog

[Varo Money in Financial Times] Fintechs take on banks at their own game

Last month, a Silicon Valley start-up called Varo Money achieved something it had worked three years to accomplish: it started accepting federally insured customer deposits.

Read more here.

The post [Varo Money in Financial Times] Fintechs take on banks at their own game appeared first on OurCrowd Blog.

OurCrowd Blog

[Varo Money in Black Chronicle] 3 Tips for Saving Money at Age 40

For the perfect alternative to earn a excessive return, take a look at the Varo Savings Account. The all-mobile financial institution gives a uniquely tiered APY program that encourages clients to save lots of extra, and it has two financial savings applications that robotically switch cash out of your Varo checking account to your financial savings account.

Read more here.

The post [Varo Money in Black Chronicle] 3 Tips for Saving Money at Age 40 appeared first on OurCrowd Blog.

OurCrowd Blog

[Varo Money in Global Banking and Finance] Why Traditional Banking Might Be Doomed

Shortly before the Covid-19 pandemic hit, I had a fascinating conversation with a challenger bank customer — let’s call her Jennifer. Jennifer is a nurse practitioner, in her early thirties, and lives in Atlanta. Towards the end of the interview, when I asked her to give me three words that came to mind when she thought of her former brick-and-mortar bank, she hesitated for a moment and then said:

Read more here.

The post [Varo Money in Global Banking and Finance] Why Traditional Banking Might Be Doomed appeared first on OurCrowd Blog.

OurCrowd Blog

[Varo Money in Business Insider] Varo has rolled out a small-dollar loan offering

The US neobank’s newly debuted Varo Advance offering gives customers access to short-term loans of $ 20–$ 100. Customers are charged nothing for a $ 20 advance, with the charge ranging up to $ 5 for a $ 100 advance, and customers can pay off the loan whenever they like within a 30-day window.

Read more here.

The post [Varo Money in Business Insider] Varo has rolled out a small-dollar loan offering appeared first on OurCrowd Blog.

OurCrowd Blog

[Varo Money in Forbes] Varo Gets A Banking License And Moves Operations To Temenos Transact Platform

Varo Bank, which became the first U.S. fintech to earn a national banking license when the Office of the Comptroller of the Currency (OCC) awarded it a charter last month, will soon move operations to the Temenos cloud banking platform. It received its FDIC approval for deposit insurance in February.

Read more here.

The post [Varo Money in Forbes] Varo Gets A Banking License And Moves Operations To Temenos Transact Platform appeared first on OurCrowd Blog.

OurCrowd Blog

[Varo Money in CNBC] Here’s how much money you should have saved at every age

The Varo Savings Account offers 1.21% APY regardless of your account balance, with the option to earn up to 2.80% APY if you meet certain monthly requirements. If you sign up for a Varo checking account, account holders can also receive an ATM card for easy withdrawals from their checking or savings.

Read more here.

The post [Varo Money in CNBC] Here’s how much money you should have saved at every age appeared first on OurCrowd Blog.

OurCrowd Blog