Varo Bank inks five-year issuer processing deal with Marqeta
The deal will enable Varo cardholders to add tokenised cards to their digital wallets.
The deal will enable Varo cardholders to add tokenised cards to their digital wallets.
Shetty will be responsible for developing Varo’s technology stack as the bank looks to scale.
Fintech Business Weekly reports the firm is raising $50m at a $1.8bn valuation, a 28% decline in value.
Chung most recently served as vice president of product, design and engineering at SoFi.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
CEO Colin Walsh says the firm is “not immune to the impacts of our current environment”.
A game-changer for banks that can no longer wait to modernise their technology infrastructure.
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Funds will be used to boost product and tech development and fuel customer growth.
Westbrook also joins the bank as an advisor on communities of colour.
He brings over 18 years of data expertise in academia and fintechs.
New US bank prepares for post-launch life with Temenos.