Temenos made an announcement today regarding its extended partnership with Varo Bank, N.A., the pioneering all-digital, nationally chartered consumer tech bank in the United States. Through the utilization of Temenos Banking Cloud, Varo gains the capacity to adapt to customer demands, swiftly roll out new products, and significantly reduce operational costs. The comprehensive capabilities offered by Temenos Banking Cloud empower Varo Bank to address specific business requirements and meet regulatory standards. Varo Bank’s commitment to revolutionizing the banking experience through modern cloud technology has garnered national recognition. With Temenos Banking Cloud, Varo has a lower cost/income ratio compared to traditional banks and can take advantage of economies of scale as the business grows.
