Varo goes live with Temenos Cloud Technology

Wednesday 2 September 2020 11:43 CET | News

Temenos, the banking software company, has announced that its cloud-native technology platform has gone live with Varo Bank. 

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 offer a full range of digital banking products, from deposit and saving accounts to credit and loans, at a lower cost – supporting Varo’s mission to advance the financial wellbeing of millions of Americans underserved by traditional banks. 

Varo’s all-digital banking services are supported by Temenos Transact core banking technology hosted in the cloud. Temenos’ cloud-native platform enables Varo to continuously deploy new features and products.

Varo is currently implementing Temenos Infinity Origination, a solution tailored to support loan and account origination in North America for banks and credit unions.


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Keywords: Varo, Temenos, core banking, digital banking, cloud
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech