Varo Bank’ s CPO, Riva Bobrowsky, on the bank’ s procurement transformation into a highfunctioning first line of defence
VARO MONEY INC.
Varo Bank’ s CPO, Riva Bobrowsky, on the bank’ s procurement transformation into a highfunctioning first line of defence
In US society, 66 % of everyday consumers live paycheck to paycheck, with 35 % stating that they would need to make US $ 50,000 a year to feel financially secure and 44 % citing US $ 100,000. Among those considering themselves living paycheck to paycheck, financial pressures include inflation( 69 %), lack of savings( 59 %), rising interest rates( 28 %), credit card debt( 33 %), and medical bills( 28 %).
Varo Bank’ s strategic objective is to dismantle these systemic barriers, including traditional legacy bank fees and punitive overdraft models, by engineering product loops, deposit, spend, borrow, build and save, that aligns the bank’ s ultimate success with its customers’ personal upward mobility.
“ For us, compliance and programs like the Community Reinvestment Act( CRA) are not bureaucratic‘ check-the-box’ requirements; they are a direct extension of our core corporate DNA,” says Riva Bobrowsky, Chief Procurement Officer at Varo Bank.
Responsible for overseeing Varo Bank’ s end-to-end procurement lifecycle and vendor governance, Riva’ s primary objective is to ensure that as America’ s first all-digital, nationally chartered bank, our external vendor ecosystem operates with the same velocity, security and innovation as our internal technology stacks.
4 July 2026