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Colombia’s largest bank Bancolombia this week lowered the interest rates on its mortgage offerings by up to 150 basis points. According to the Medellín-based financial institution, this move means its rates now start at 0.76% monthly, or 9.6% on an annual basis. The bank said...

The proposed reforms will aim to solidify macroeconomic stability, boost development, encourage public/private partnerships, strengthen regulation, and promote financial inclusion.

Up to 15 fintech companies will enter a three-month training and capital-raising program. The two highest-performing startups will receive at least $75,000 USD in funding.

The policies offered by Nespresso's pilot program are designed for small farms vulnerable to weather fluctuations, price drops, and crop blight.

President Santos said that the Externado University-trained lawyer will bring continuity to the regulatory and engender confidence from the markets.

With startup financing often scarce, the goal is to offer "credit that better fits the particular focus of these companies," said Bancóldex President Luis Fernando.

Scotiabank has set up "digital factories" in five of its priority markets, including Colombia, Canada, Mexico, Chile, and Peru.

"The award is a testament to the market’s appetite for our risk models, analytics, and insight,” said Victor Roldán of RMS.

Davivienda's 433 billion pesos in green bonds, with a 10-year term, have been acquired entirely by the International Finance Corporation.

Each "corresponsal" will serve as mini-branch that allows customers to make payments, withdrawals, deposits, and other day-to-day transactions.