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

Image via Varo

This week, digital banking startup Varo received approval from the Federal Deposit Insurance Corporation, a significant milestone in the company’s three-year quest to become a bank. The 5-year-old company still has two more key hurdles to overcome in this process, including approval from the Office of the Comptroller of the Currency and the Federal Reserve. …Read More

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