Varo broke new ground as the first major fintech company to obtain a full banking license; now that they have a banking license Nik Milanovic asks what should come next? Varo CEO Colin Walsh has said that they will use the charter to pursue a few strategic objectives: lower costs, more control, and faster product development; the company plans to introduce its own credit cards, loans and savings products and they should be able to this relatively quickly and inexpensively now they are not dependent on a banking partner; Milanovic also wonders if Varo should get into the banking as a service business and offer its banking products out to non-banks. Forbes.