RiskExec, Inc. (“RiskExec”), a subsidiary of Asurity Technologies, LLC (“Asurity”), announced its compliance software has been selected by Varo Bank to conduct Fair Lending analytics for its innovative financial products serving Americans living paycheck to paycheck, Varo Advance and Varo Believe.

“We were pleased to select RiskExec’s market-leading, fair lending solution and are excited to begin using it to support our mission,” said Caryn Becker, Varo Bank’s Fair and Responsible Banking Officer. “With RiskExec’s intuitive and scalable data management platform – and its powerful analytics engine – more hardworking Americans will have access to short- and long-term credit. At Varo we believe in supporting everyday consumers striving to reach their financial goals and creating solutions for all that foster true economic mobility.”

“We at RiskExec are gratified by Varo Bank’s decision to make our technology solutions an integral part of its overall commitment to fair and equitable lending practices,” said Dr. Anurag Agarwal, President, RiskExec. He further stated, “RiskExec’s team of domain experts strives to provide the most up-to-date, robust, and easy to use capabilities, so that our clients have the best information available to inform their critical business judgments. We look forward to a long, mutually beneficial partnership with Varo Bank to further its mission of promoting fair banking access for all.”

Source: Yahoo Finance