U.S FINTECH TO EARN A NATIONAL BANKING LICENSE
Temenos Transact is the main software used for its operations
Varo is an entirely digital bank based in San Francisco, California. The company provides all its services through its mobile app with no monthly fees and high-interest savings accounts to help individuals easily manage their money.
The CTO of Varo was aware of the real-time APIs and lower costs associated with Temenos, but chose ABS to implement the software due to our proven track record of successfully delivering Temenos Transact to financial institutions in North America.
ABS worked with Varo to implement Temenos Transact and provide exhaustive knowledge on the software. ABS supports its mission of advancing the financial well-being of millions of Americans underserved by traditional banks.
Since ABS' successful implementation of Temenos Transact, Varo has been able to deliver more value to its customers by offering personalized, customer-relevant products that solve their pain points.