News Topic: Varo Money

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The company's new relationship with Billshark highlights its quest for partners that can deliver financial management products to complement its banking services. ... Read full article

Bankers are left wanting after details on PPP forgiveness plan emerge; why OnDeck is being sold on the cheap; Fannie, Freddie to face banklike liquidity standards starting Sept. 1; and more from this week’s most-read stories. ... Read full article

"We can control our destiny," says Colin Walsh, CEO of the challenger bank, which spent more than three years seeking to become a full-fledged bank. ... Read full article

Fintechs like LendingClub and Varo Money illustrate how the traditional financial system is changing. Banks that don’t rapidly evolve with technology will be obsolete. ... Read full article

LendingClub and Varo Money are making inroads into the traditional financial system, but other fintechs still face long odds. ... Read full article

The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures. ... Read full article

It was Varo's second try with the Federal Deposit Insurance Corp., but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators. ... Read full article

The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures. ... Read full article

It was Varo's second try with the Federal Deposit Insurance Corp., but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators. ... Read full article

The challenger bank might use the proceeds from its latest funding round to buy other fintechs that would allow it to add more products and services, its CEO said. ... Read full article

Wealthfront will add third-party mortgages to its investing platform, while Varo Money says robo advice and mortgages are in its long-term plans. ... Read full article

A more practical approach for U.S. regulators on whether to bring fintechs into the banking fold might be ‘better the devil you know than the devil you don’t.’ ... Read full article

Consumer trust issues have long been a stumbling block for challenger banks, but many say Google will face bigger obstacles. ... Read full article

Earlier this decade, a boom in low-cost prepaid cards undercut the firm's business model. Now the fiercest competition is coming from venture capital-backed startups that offer accounts with no overdraft fees. ... Read full article

Outages last week at Chime and Varo Money have executives on the defensive. ... Read full article

The payment processor Galileo suffered what it described as an "operational incident" that caused more than 24 hours of outages at the fintechs Chime and Varo Money. ... Read full article

Surety's first online bank, booyah, is aimed at college students and young grads. ... Read full article