Varo Gets A Banking License And Moves Operations To Temenos Transact Platform [Forbes]
The Bancorp, Inc. (TBBK)
Last the bancorp, inc. earnings: 4/30 04:05 pm
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Source: Forbes
Varo Bank, which became the first U.S. fintech to earn a national banking license when the Office of the Comptroller of the Currency (OCC) awarded it a charter last month, will soon move operations to the Temenos cloud banking platform. It received its FDIC approval for deposit insurance in February.Based in San Francisco, the all mobile bank will operate its innovative no-fee bank nationally. The bank charges no monthly maintenance fees, no foreign transaction fees and its customers pay no ATM fees at a network of more than 55,000 Allpoint ATMs worldwide. Like many challenger banking firms, including neighboring Chime in San Francisco, Varo had operated on a bankers’ bank platform — both companies chose Bancorp Bank — for its technology, banking charter and FDIC authorization.By moving to Temenos, Varo Bank will get control of its technology and reduce its operating costs.Deep Varma, CTO, Varo BankCourtesy Varo BankDeep Varma, CTO at Varo, said the bank chose Temenos because it was c
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News
- The Bancorp (TBBK) Falls After Culper Accuses Company of Misrepresenting Quality of its Property Loans - Hagens BermanGlobeNewswire
- The Bancorp, Inc. (TBBK) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsAccesswire
- Lowey Dannenberg, P.C. is Investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $50,000 in Losses to Contact the FirmGlobeNewswire
- The Bancorp, Inc. (TBBK) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsAccesswire
- The Bancorp, Inc. (NASDAQ: TBBK) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
TBBK
Earnings
- 1/25/24 - In-Line
TBBK
Sec Filings
- 4/12/24 - Form S-4
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- TBBK's page on the SEC website