Grupo Supervielle SA

11/19/2020 | Press release | Distributed by Public on 11/19/2020 17:30

Grupo Supervielle Subsidiary, IUDÚ, Launches A New Digital Banking Services Platform

Users can request and manage all products from their cell phone; the platform is available for IOS and Android operating systems

Buenos Aires, November 19, 2020 - Argentina Grupo Supervielle S.A. (NYSE: SUPV) (BYMA: SUPV), ('Supervielle' or the 'Company') a universal financial services group headquartered in Argentina with a nationwide presence, announced today that its consumer services subsidiary has been rebranded to IUDU (formerly Cordial Compañía Financiera S.A.) and launched a new digital banking services platform. IUDU is a financial company regulated by the Central Bank of Argentina and seeks to provide the most complete offering of digital banking services with a comprehensive customer experience.

IUDÚ joins the Grupo Supervielle ecosystem to participate in the transformation of the financial services industry, expanding the Company's digital offering through an innovative App, with 100% digital onboarding. In this first iteration, the App allows customers to obtain personal loans and credit cards as well as self-manage all operations, such as reviewing transactions made and managing payments. In the near term, IUDU will be offering a comprehensive suite of digital banking products and services.

'The launch of IUDÚ allows us to complement our offerings with products and services aimed at a wide range of clients. We are continuing to evolve and deliver solutions with greater ease of use and immediacy which are addressing personal finance needs while promoting financial education with tools that help in decision-making. We are proud to have Martín Monteverdi spearheading IUDÚ, and we believe that with his strong financial services expertise, he will advance our strategy to continue providing innovative solutions that meet our customer's needs,' said Patricio Supervielle, Chairman and CEO of Grupo Supervielle.

Martín Monteverdi, CEO of IUDÚ, noted: 'The current context has accelerated adoption of digital financial services, particularly in terms of virtual wallets and digital accounts. In this scenario, we are committed to providing a comprehensive offering to facilitate access to digital banking services and to contribute to our client's propects through providing simple, agile and humanized technological solutions to help them advance their goals. IUDÚ was born with the purpose of initially meeting the current demand for credit products such as personal loans and credit cards, two financial products that contribute the most to the economic reactivation of the country.'

IUDU will soon be expanding its offering to include digital accounts in pesos with remuneration of balances and accounts in dollars, as well as debit cards, collateralized loans, insurance, assistance services, fixed term deposits and investments in general, among others.