Embrace change, take risks, and disrupt yourself

Hosted by top 5 banking and fintech influencer, Jim Marous, Banking Transformed highlights the challenges facing the banking industry. Featuring some of the top minds in business, this podcast explores how financial institutions can prepare for the future of banking.

Listen on Apple Podcasts Listen on Spotify Listen on Pandora

Varo Bank: The Future of Digital Banks After Silicon Valley Bank Collapse

In September of 2020, we interviewed Colin Walsh just after Varo became the first challenger bank to receive a national bank charter. So much has happened in banking and the economy over the past two years and especially since the collapse of Silicon Valley Bank, impacting both traditional and non-traditional financial institutions.

After a major funding round last year, Varo made a number of major changes to respond to competitive and marketplace challenges, including a reduction in marketing expenses and staff, a refocus on product innovation, and a focus on existing customer engagement.

We revisit Colin Walsh, founder and CEO of Varo on the Banking Transformed podcast. In this episode, Walsh discusses the opportunities and challenges Varo has faced, and provides insight into the future of Varo and neobanks in a world disrupted by the recent events at Silicon Valley Bank.

This episode of Banking Transformed is sponsored by Microsoft:

See how Microsoft can help to unlock new opportunities at speed through innovative business models, deliver differentiated customer experiences across channels, products and services, and redefine new ways of working.

More at Microsoft.com/financialservices

This Episode of Banking Transformed is sponsored by FIS

How do you find your feet on ground that’s constantly shifting?

You have to read The Global Innovation Report from our partners at FIS. From embedded finance and ESG to crypto, decentralized finance and the metaverse, FIS pinpoints the trends you need to watch – and explains how innovation can give you an advantage, in good times and bad.

Discover how the latest innovations could affect your business. Explore the research today by visiting www.fisglobal.com/global-innovation-report

FIS. Advancing the way the world pays banks and invests.

Recent Episodes

View All

Removing Friction from the Lending Experience

Banking Transformed
Tim Wheeler, Chief Lending Officer for Fortera Credit Union, highlights how Fortera's stable and forward-thinking management team has been instrum...
Listen to Removing Friction from the Lending Experience

Reimagining Bank Marketing for a New Era

Banking Transformed
Nicole Zimmermann, founder and CEO of ZELOCIN & Partners, shares her expert insights on assessing current marketing efforts, identifying areas for...
Listen to Reimagining Bank Marketing for a New Era

Embracing a Culture of Continuous Innovation at Scale

Banking Transformed
We're excited to bring you an insightful conversation with three leaders from Meriwest Credit Union, a $2B community financial institution serving...
Listen to Embracing a Culture of Continuous Innovation at Scale

LendingClub's Vision for the Future of Digital Banking

Banking Transformed
Scott Sanborn, CEO of LendingClub, shares his insights on the company's journey since acquiring Radius Bancorp in 2021, and the future prospects f...
Listen to LendingClub's Vision for the Future of Digital Banking