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The Spanish commercial bank now will be able to make more secure interbank transfers and use ACH’s “PSE Button” for digital payments.

From November 20-22, the 2nd Annual Model Development, Validation and Risk Management in LatAm conference will be hosted in the Chilean capital Santiago.

The dividend amount matches the sum paid out in both the first and second quarters of 2017.

BDO says that Colombia stands out in the region for sustained growth in outsourcing services of some 15% in the last two years.

The distinction acknowledges that Bancolombia has achieved an STP rate of at least 99%.

Bancolombia said that it will accept the tender offer of $360,912,000 USD for the 2020 notes and $321,152,000 for the 2022 notes.

Bancolombia has become the first traditional bank to join Fintech Colombia, the leading fintech association in Colombia.

"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.