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Praxis, the multinational IT firm has announced that it is introducing new SAP solutions designed to improve operational efficiency to the financial sector in Colombia. SAP solutions are ubiquitous across many industries, but with specific regards to the banking industry, the...

Grupo Sura (OTC: GIVSY), the parent company of the insurance company in Colombia, announced today that it has selected ClickSoftware’s (NasdaqGS: CKSW) cloud-based mobile workforce management solution for its roadside assistance business. ClickSoftware’s solutions will facilitate...

Colombia’s transformational 4G highway overhaul project creates business opportunities for local banks, but with those opportunities come funding challenges, says Fitch Ratings. The most significant challenge for 4G is attracting a broad range of international financing....

Finance minister Maurice Cardenas signed a Foreign Account Tax Compliance Act (FATCA) intergovernmental agreement, with US Ambassador Kevin Whitaker last Wednesday. The bilateral agreement is aimed at combating offshore tax evasion by promoting the exchange of information between...

Praxis, the multinational provider of IT and consulting solutions to the banking, finance and insurance sector, has announced its development of a new electronic records solution that turns mobile devices such as smartphones and tablets into data capture devices that can be used...

Helm Banca de Inversion (HBI), the independent investment banking arm of Grupo Helm, is solidifying its leadership position in Colombia’s investment banking market with over $130 million (USD) in deals in April 2015 alone. Among other deals, HBI advised BVC, the Colombian stock...

Users of Microsoft’s Windows Phone 8.1 who hold accounts at Bancolombia may now take advantage of the Bancolombia App for Windows Phone. The application has been downloaded over 18,000 times, and was designed by the bank to allow users to interact with the institution in a...

This afternoon, the Colombian Stock Exchange (BVC) announced that it has reached an agreement to acquire 51% of Sophos Banking Solutions in an all cash deal. Sophos is a leading South American technology firm with a focus on the finance and securities sector. The motivation...

The strong U.S. dollar, Colombian peso (COP) depreciation and slow growth in Latin American economies are not expected to be serious threats to the credit strengths of Colombia’s largest private banks, says Fitch Ratings. In a strong dollar environment, Colombia’s...

Iberian company Digitex has been experiencing tremendous growth of late, using its global footprint to find success beyond its Iberian home. In 2014 alone, the company realized 30% revenue growth in Colombia alone, providing a mix of technology and services to corporate...