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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

“Varo coming in as a full national bank, with an already proven market fit and massive demand for more-affordable digital-banking solutions, is a very exciting moment,” Walsh told Bloomberg. Last month, Varo closed on a $241 million Series D funding round. Varo said it will use the investment to grow and create new products.

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Payrailz Partners With Mastercard For Real-Time Bill Payments

PYMNTS

Digital payments company Payrailz is teaming with Mastercard to launch a pilot of the Mastercard Bill Pay Exchange, a real-time payment solution that works directly with digital banking apps, Payrailz said in a press release on Wednesday (Dec. The goal is to offer users an easy way to view, manage and pay bills.

Payments 147
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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

PYMNTS

Embarking On A Digital Transformation. The CU, which has 20 branch locations within the tri-state area that includes New York and Connecticut, has upgraded its automated services to incorporate integrated cloud-based technologies and environments that involve artificial intelligence (AI).

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Key to Digital Banking: Pair Techies with Customer-Facing Staff

American Banker

Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. billion in loans in the last couple of years. …

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To Win in Digital Banking, Get Techies Talking to Service Reps

American Banker

Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. billion in loans in the last couple of years. …

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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

D3 Banking. Banking platform. HQ: Hartford, Connecticut. Tags: Institutions, B2B2C, digital banking, small business, Finovate alum. Source: FT Partners. Latest round: $16.4 Total raised: $33.4 HQ: Omaha, Nebraska. Source: Crunchbase , Finovate. SpotCap (Rocket Internet). Alt-lender to small businesses.

Company 12