Bank, Credit card, Finance, Fractional-reserve banking, Bank run, Cheque

Varo raises $241m Series D with new investor Gallatin Point Capital

On Jun 4, 2020
@FintechBot shared
Varo raises $241m Series D with new investor Gallatin Point Capital https://t.co/OnREc8Asgy by @Fintech_Futures
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To date, the fintech has raised $419.4 million.

www.fintechfutures.com
On Jun 4, 2020
@FintechBot shared
Varo raises $241m Series D with new investor Gallatin Point Capital https://t.co/OnREc8Asgy by @Fintech_Futures
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Fintech has finally cracked the US banking sector

Fintech has finally cracked the US banking sector

Fintech is overhyped, but it's also keeping centuries-old banks on their toes.

Varo Money gets new backers and closer to bank charter

Varo Money gets new backers and closer to bank charter

The mobile bank raised $241 million in its Series D round of funding, and expects to receive approval from regulators to become a nationally chartered bank this summer.

Fintechs Seek Answers on Charters, Open Banking, Crypto in 2020

Fintechs Seek Answers on Charters, Open Banking, Crypto in 2020

Financial technology companies notched a few policy wins in 2019, including regulatory approval to use alternative data in loan underwriting and much-needed clarity on loan interest rates ...

Varo’s bank charter process a test for consumer banking startups

Varo’s bank charter process a test for consumer banking startups

This week, digital banking startup Varo received approval from the Federal Deposit Insurance Corporation, a significant milestone in the company's three-year

Varo Money Likely to Become First All-Mobile US Bank

Varo Money Likely to Become First All-Mobile US Bank

Varo Money announced on Tuesday that it was granted preliminary approval by the Office of the Comptroller of the Currency (OCC) for its application to form a de novo (new) national bank, ...

MOXY Preps Launch Of New Community Bank With NYMBUS

MOXY Preps Launch Of New Community Bank With NYMBUS

MOXY Bank gets closer to launching its community banking services after tapping NYMBUS to integrate its core banking, mobile banking and payments technology.

Varo Money raises $241m funding for national bank ambitions

Varo Money raises $241m funding for national bank ambitions

♫ I have climbed the highest mountains, I have run through the fields, only to be with you, only to be with you ♫ In this instance, US mobile banking company Varo Money has found what it’s ...

Square refiles for banking licence

Square refiles for banking licence

Payments company Square has refiled its application for a bank licence with US regulators

Small banks you've never heard of are quietly enabling the tech takeover of the financial industry

Small banks you've never heard of are quietly enabling the tech takeover of the financial industry

A small group of banks are handling the "financial" side of billion-dollar fintech start-ups.

Fintechs venture further into bank territory

Fintechs venture further into bank territory

In 2018, more traditional banks started their own digital initiatives. This year, fintechs came to the banks' doorsteps. And in 2020, the industry will see how fintechs fare in the ...

It's harder for fintechs to become banks. And that's good.

It's harder for fintechs to become banks. And that's good.

Fintech companies only think they want to be banks. Banking may seem like a natural evolution, but that doesn’t mean fintech firms should become banks, says nbkc bank's Zach Anderson ...

Troubled Fintech Charter: How More Delays Impact Competitive Situation

Troubled Fintech Charter: How More Delays Impact Competitive Situation

Federal ruling striking down fintech banking charter pleases traditional players and state regulators, but they've won a pause, not a war.

Data Analytics and The Death of The Modern Banking Industry

Data Analytics and The Death of The Modern Banking Industry

The clock is ticking on traditional institutions who must leverage data better or players from outside banking will become the primary providers of financial services. Recent events have ...

OCC Begins Accepting National Bank Charter Applications From Financial Technology Companies

OCC Begins Accepting National Bank Charter Applications From Financial Technology Companies

The Office of the Comptroller of the Currency (OCC) today announced it will begin accepting applications for national bank charters from nondepository financial technology (fintech) ...

‘Fintech Charter’ Has No Early Takers as Lawsuit Looms

‘Fintech Charter’ Has No Early Takers as Lawsuit Looms

A national banking regulator is offering cutting-edge financial firms a new pathway into the traditional banking system. So far, few of them are biting.

Varo Money enters final stage of becoming nationwide bank

Varo Money enters final stage of becoming nationwide bank

Mobile banking firm Varo Money has gained approval from the Federal Deposit Insurance Corporation (FDIC).