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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Varo Bank’s opening … represents the evolution of banking and a new generation of banks that are born from innovation and built on technology intended to empower consumers and businesses,” said Brian Brooks, OCC’s acting comptroller in a statement. “As Varo Bank N.A. which had housed them, the news service reported. million.

National 172
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On Demand Pay Finds A Home In Financial Services

PYMNTS

Any number of variables can highlight how the traditional two-week pay cycle puts pressure on the management of household finances. Yet, in neighboring Connecticut, the top income tax rate is 7 percent. This created unique challenges for its workforce, ranging from employee burnout to caring for children at home.

Taxes 170
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A bridge to affordable housing

Independent Banker

When two executives at Woodforest National Bank noticed a dearth of affordable housing options in southeast Texas, they decided to do something about it, partnering with several housing and community groups to launch an innovative mortgage lending product aimed at underserved clients. Aileen McDonough is a writer in Connecticut.

Austin 91
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Strategic Insight Buys BrightScope for Reported $35+ Million

Fintech Labs Insights

But RIABiz reports that the acquisition was financed by Genstar Capital and notes “outside sources peg the deal at $35 to $40 million.” ” Commenting on the news, Strategic Insight CEO Joel Mandelbaum said, “BrightScope is well known for its unique retirement data and its technology innovation.

Report 12
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55 US Companies That Became Unicorns In 2018

CB Insights

Select Investors: Tencent Holdings, Disney Accelerator, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Vulcan Capital, ICONIQ Capital. Select Investors: Y Combinator, Sequoia Capital, Khosla Ventures, Kleiner Perkins Caufield & Byers, Wellcome Trust, GIC, SoftBank Group, DST Global. Valuation: $12B.

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What Shiny New Life Insurance Startups Can Learn From My Mistakes

Tech and Finance

Today, the ecosystem of startups, venture capital, reinsurers, and other players thinking about how to disrupt insurance is exploding. And they certainly don’t think they need to interact with it after they manage to get through the less than fun buying process. It’s because their innovation paves the way for us to do more.

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FinovateSpring 2015 Sneak Peek: Part 8

Fintech Labs Insights

Register today to see and meet these innovators in person on May 12 and 13 at our upcoming conference in San Jose, California. Finaeos automates the back-office and capital raise compliance. Finicity helps developers build powerful apps to drive financial software innovation. HQ: Westport, Connecticut. Founded: 2015.