Brex Bolsters Cash Offering With FDIC Insurance, Adds Chief Legal Officer
Summary
These emerge after many months of regulatory and technological investment that enable a robust, lightning fast experience for customers looking to access business banking services in today’s virtual environment. With today’s uncertain economic and interest rate environment, offering our customers flexibility on how to store their cash is a powerful added benefit,” said Henrique Dubugras, Brex co-founder and co-CEO. “This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.” Leveraging its proprietary technology infrastructure and significant regulatory investments, Brex offers a highly robust and fast customer experience. Most recently serving as General Counsel at Anchorage, a cryptocurrency platform and asset custodian company, Biber has a long track record of helping launch innovative products and services, in cooperation with regulators. Brex Cashs money market mutual fund investment option is suitable for investors who are seeking as high a level of current income as is consistent with preserving capital and maintaining liquidity.