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Text cutout from transparent banner

I’m attempting to make a cutout in a translucent banner which can be changed dynamically.

I’ve tried many different ways through materials and nothing seems to come close. Was hoping for some ideas on the matter.

Goal:
TEXT_CUTOUT.png

Explain more what you mean.

The banner will be translucent with 70% opacity. Any locations where text is placed will be 100% translucent, or 0% opacity. The banner could be solid as well, the concept and where I’m having troubles is the same: making cutouts in the banner where the text is.

Have you achieved any results? We also need transparent text for our project

You can use UMG retainer box and a material which manipulates transparency. I managed to make something like this in 4.14.