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.
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