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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.

The $600 million USD of unsecured notes will be used to repay a senior bridge loan due next year on January 11.

"More companies in Colombia right now are becoming mutlilatinas," says Carlos Ferrer of Unisys, "and we are identifying many more opportunities to provide those global solutions."

Overall, 25.7 million Colombians have now used at least one financial product. Of the nearly one million added in 2016, more than half were women.