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Fitch's Latin American Sovereign Overview report reflects the weakness in economies throughout the region, with Colombian banks facing major headwinds.

With an insurance penetration rate of just 3.1%, Lloyd's sees great opportunity in Latin America.

Superfinanceria said it will continue to monitor the situation in search of a solution.

Users voiced their frustration on Twitter, offering up everything from concerns about security to jokes at the bank's expense.

Lorenzo Garavito believes the best investment in Colombia is to bet on the consumer. Retail, restaurants, and grocery stores are all low-risk plays with good returns.

With the new CVV2-equipped cards, Banco de Bogotá cardholders can now "make purchases online at any merchant in the world."

"This demonstrates confidence that Grupo Bancolombia and Agrícola has in El Salvador," said Juan Carlos Mora of Grupo Bancolombia.

Kukita Shinya discusses NEC's shifting business strategy, its work in the Internet of Things, and how biometrics is changing the financial services industry.

Shelton will oversee a strategy of growth to raise the Bogota-based bank's presence in Colombia and target the corporate banking sector.

Colombia's local-currency bonds brought 5.8% returns in August, the highest of 31 emerging markets tracked by Bloomberg.