Brubank Explained

Brubank is an Argentine digital bank. Headquartered in Buenos Aires,[1] Brubank is a financial technology company offering mobile banking, as well as other financial services.[2] [3] [4] It is recognized as the first entirely digital bank in Argentina.

Services

Brubank associates all its users accounts to a Visa debit card. It also offers exchange service between United States dollars and Argentine pesos and time deposits in those currencies.

History

Brubank was founded in 2017. Juan Bruchou, CEO of Citibank Argentina, had proposed an entirely digital bank, without branch offices. Brubank obtained license by the Central Bank of Argentina to operate in September 2018. After a first "friends and family" trial, Brubank launched its app on Apple and Android stores.[5] In August 2019, Canadian billionaire David Thomson bought a 15 percent stake in Brubank.[6] [7] [8]

See also

External links

Notes and References

  1. Web site: Brubank . cbinsights.com . 22 November 2019.
  2. News: Pedotti. Ana Clara. 10 January 2019. Qué ofrece Brubank, el nuevo banco digital del ex CEO del Citi. es-AR. What does Brubank, the new digital bank from former Citi CEO, offer?. El Cronista.
  3. Web site: Distefano. Miguel. 3 May 2020. Este es el banco digital más grande del país: todo lo que ofrecen para "chuparle" 300.000 clientes a los bancos. This is the largest digital bank in the country: all they offer to "suck" 300,000 clients from banks. 2020-10-28. Infotechnology.com. El Cronista. es-AR.
  4. News: Los bancos ofrecen convertirte el saldo impago de la tarjeta en un crédito a 5 meses: ¿conviene la cuotificación?. iProUP.
  5. Web site: Qué ofrece Brubank, el nuevo banco digital del ex CEO del citi . cronista.com . 22 November 2019.
  6. Web site: Canadian magnate Thomson to acquire 15% of Brubank. www.spglobal.com. en-us. 2020-04-17.
  7. News: 2019-08-02. Canadian Billionaire Thomson to Buy 15% Stake in Argentine Digital Bank. en. Bloomberg.com. 2020-09-09.
  8. Web site: Canadian billionaire David Thomson to buy 15 per cent stake in Argentine digital bank. 2019-08-03. thestar.com. en. 2020-04-17.

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