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"It was critical to implement a solution that went beyond regulatory requirements," said Luis Santiago Perdomo Maldonado, CEO of Banco Colpatria.

"Proyectos Inmobilarios" platform will begin with 200 real estate projects and expand to include many more.

The company plans to use the incoming capital to scale up its tech platform, embrace machine learning, and expand in Latin America.

Bancolombia's digital transactions have increased 26% so far in 2017 compared to the same period of time in 2016.

Sempli sees this as the first in a series of investments that will allow the online lender "to​ ​support​ ​this​ ​segment​ ​with​ ​more​ ​than​ $​50​ ​million USD."

The historic visit by Pope Francis will disrupt the normal operations at Bancolombia, Banco de Bogotá, and BBVA.

ePayco, RapiCredit, ESCALA Educación will compete against their regional peers for $75,000 USD in startup funding.

The switch, which will formally take place on September 4, marks the first leadership change for the Bancoldex.

Though lower profitability won't affect the ratings of most reinsurers, "a couple of highly leveraged companies could suffer downgrades," stated Fitch.

"We make a digital banking platform that works across the mobile channel, internet banking channel, smartphones, tablets," says Marcelo González of VeriTran.