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Category

//BFSI – Financial Services
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Colombian Corporates Face Liquidity Challenges, with Deleveraging Not Expected Until 2018

Colombian companies are facing multiple headwinds that are hurting cash flow and leading to increased leverage, according to Fitch Ratings.
Posted On July 13, 2016
, By Jared Wade
bitcoin colombina
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Coinapult Partners with Punto Pago to Make Bitcoin Purchases Possible from 300 Kiosks in Colombia

Coinapult, a startup in Panama City, has launched an initiative to allow Colombians to buy Bitcoin at some 300 kiosks across Colombia.
Posted On July 11, 2016
, By Jared Wade
bancolombia medellin
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Bancolombia and BlackRock Create New High-Conviction Investment Fund

The new fund targets high-risk investors looking to generate returns over the long term through greater exposure to global stock markets.
Posted On June 29, 2016
, By Jared Wade
remittance colombia
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International Money Transfer Service Sharemoney Expands to Colombia After Remittances Surge

More than $4.6 billion USD in remittances entered Colombia last year — a 13.3% spike over 2014 and the second largest increase in Latin America.
Posted On June 20, 2016
, By Jared Wade
colombia bitcoin
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Colombia’s First Bitcoin Exchange Is Now Live in Testnest Form

Colbitex launched in this beta form, using valueless currency, on June 3 and plans to go live officially in July.
Posted On June 16, 2016
, By Jared Wade
colombia mergers Jaime Trujillo Baker McKenzie
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Colombia Mergers and Acquisitions Valued at $5.6 Billion USD over the Past Five Quarters

Baker & McKenzie's "Cross Border M&A Index" highlighted Colombia's adoption of free-market policies as a factor in its ability to attract more M&A interest.
Posted On June 12, 2016
, By Jared Wade
Grupo Sura Barranquilla
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Mexican Regulator Approves Grupo Sura’s Purchase of Local RSA Subsidiary

Mexico's insurance regulator has approved Grupo Sura's 2015 purchase of the local arm of RSA Insurance Group.
Posted On June 8, 2016
, By Jared Wade
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American Express Aiming for 20% Market Share of Credit Card Business in Colombia

AmEx says it now has a 10% participation in the market and is looking to double this percentage quickly.
Posted On June 7, 2016
, By Loren Moss
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Multiple Factors Pressuring Colombia’s SOAT Mandatory Auto Liability Insurance Market, Says Fitch

The sustainability and profitability of compulsory auto liability auto insurance (SOAT) in Colombia will depend on the insurance industry’s effectiveness at stopping the upward trend in claims, which is being driven by technical fraud, the increased share of motorcycles in...
Posted On April 25, 2016
, By Loren Moss
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Colombia’s Banco Popular Migrates To EMC2 VMAX 100K Platform Supported By Unisys

Unisys Corporation (NYSE: UIS) announced last week that it has received a five-year contract from Colombian financial institution Banco Popular, to provide high-end storage solution and associated services to support the bank’s critical business operations.  Under the...
Posted On April 11, 2016
, By Loren Moss
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