Digital banking group Varo Bank announced on Friday the launch of Varo Advice, which is a new product that instantly advances up to $100 to qualifying customers. “Designed to help customers proactively manage their finances, Varo Advance offers instant access to up to $100 cash right in… Read More
Read more in: Fintech | Tagged digital banking, instant advance, u.s., united states, varo bank
The Office of the Comptroller of the Currency (OCC) will start processing Fintech applications to become federally chartered firms as soon as this week, according to a report. The acting Comptroller of the Currency Brian Brooks has only been managing the regulator since May… Read More
Read more in: Featured Headlines, Fintech, Opinion, Politics, Legal & Regulation | Tagged banking, brian brooks, david kochbeck, digital banks, formative bank, john pitts, occ, office of the comptroller of the currency, open banking, plaid, varo bank, varo money
Varo Money, Inc., the first consumer Fintech in the US to become a chartered national bank, is reporting that it has saved its customers over $100 million in overdraft fees in the past year. Varo Bank became a fully chartered bank last month after a… Read More
Read more in: Fintech | Tagged colin walsh, digital bank, the bancorp bank, varo bank, varo money
Last week, Acting Comptroller of the Currency Brian P. Brooks virtually presented Varo Bank, N.A. its official charter. Varo Money has been in business for years having provided bank services by partnering with an already chartered bank. As of August 1st, 2020, Varo Bank can… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged banking, brian brooks, charter, colin walsh, occ, office of the comptroller of the currency, varo bank, varo money
Varo Money, Inc. 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 consumer Fintech in the US to… Read More
Read more in: Featured Headlines, Fintech | Tagged banking, bono, brian brooks, occ, office of the comptroller of the currency, the rise fund, varo bank, varo money
Earlier this month, Crowdfund Insider reported on Varo Money closing on a huge $241 million Series D funding round. Varo Money is a top US-based digital-only bank seeking to challenge entrenched traditional banks while battling other Fintechs. In the realm of Fintech, digital banking is… Read More
Read more in: Featured Headlines, Fintech | Tagged banking, colin walsh, digital bank, varo bank, varo money
The Federal Deposit and Insurance Commission (FDIC), the US regulatory agency that provides vital deposit insurance for millions of account holders in the US, has given the green light to Varo Money – a digital-only bank. The Office of the Comptroller of the Currency (OCC),… Read More
Read more in: Featured Headlines, Fintech | Tagged banking, colin walsh, digital bank, marcus, varo bank, varo money
Wells Fargo & Company (NYSE:WFC) has launched a mobile first, digital bank branded as Greenhouse by Wells Fargo. The traditional bank predicted Greenhouse “will appeal to a broad base of consumers, many of whom have several income sources or are paid infrequently, which can make… Read More
Read more in: Fintech | Tagged challenger bank, colin walsh, greenhouse, varo bank, wells fargo
Varo Money has applied for a national bank charter from the Office of the Comptroller of the Currency (OCC) and with the Federal Deposit Insurance Corporation (FDIC) for federal deposit insurance. This is the next step in creating a digital only challenger bank (Varo Bank) that… Read More
Read more in: Featured Headlines, Fintech | Tagged app, bancorp, banking charter, challenger bank, colin walsh, david coulter, fdic, occ, varo bank, varo money, warburg pincus
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