Val is powered by Kasisto's KAI Banking bot and "delivers insights into spending, savings, borrowing and helps people set goals as well as offer updates and encouragement about their progress". Varo's target market is millennials, says the vendor, and this segment is "hands on" with their money. "Val's insights are always personal, relevant, timely and actionable," Kasisto states. The bot provides "human-like conversations". "Varo is bringing together this intelligent bot with deposit account, debit card, savings and lending in a single intuitive app. So in addition to insights, Val will also help answer FAQs, provide banking and app support, and assist performing transactions."