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//BFSI – Financial Services
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Exclusive Interview: Praxis Head Discusses Growth in Colombia’s Finance Sector, But Critical Data Security Challenges Remain

Finance Colombia recently sat down with the Director General of Praxis in Colombia, Carlos Chiquillo, fresh off their celebration of a successful first year of operations in the Andean nation. The Mexican based multinational opened operations in Colombia due to strong demand from...
Posted On April 12, 2015
, By Loren Moss
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Expert Analysis: Using Big Data To Make Better Decisions in Financial Institutions

Increasingly, the emergence of wireless technologies, intelligent products and businesses defined by software play a key role in the exponential growth of data worldwide. This is corroborated according to a study conducted by EMC Corporation and IDC, which states that the Digital...
Posted On April 9, 2015
, By Salvador Vega
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Exclusive: Everest Group’s Salil Dani Discusses Colombia’s Back-Office & Processing Services Potential

Global consultancy & analyst firm Everest Group recently released their 2014 Market Vista and 2014 Year In Review, in which they discuss global shared services and outsourcing trends. Latin America is growing as a destination for these services, and Colombia seems to be...
Posted On March 31, 2015
, By Loren Moss
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PRAXIS Launches Mobile Investment App in Colombia

Last week, PRAXIS, a global technology provider headquartered in Mexico, launched PraxFinancial a new tool directed to brokerage firms who want to offer their customers a tool that allows them to invest in the securities market in a simple, quick and novel way and, at the same...
Posted On March 28, 2015
, By Loren Moss
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Bancolombia Wins IDB Sustainable Banking Award For Its BanCO2

The Inter-American Development Bank (IDB) announced in Korea today the winners of the fifth annual beyondBanking awards, which recognize best projects and initiatives in the region contributing to the creation of a more sustainable financial sector. The awards were given in a...
Posted On March 27, 2015
, By Loren Moss
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Colombian Banks’ Disclosures Improve With IFRS Adoption, Says Fitch

The introduction of IFRS reporting in 2015 for Colombian banks is an improvement in financial disclosure, says Fitch Ratings. A majority of IFRS rules became effective for all Colombian financial institutions on Jan. 1, 2015 and introduced material changes in the treatment of...
Posted On March 26, 2015
, By Loren Moss
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Fitch Revises Rating Outlook on Grupo Sura to Positive; Affirms IDR at ‘BBB-‘

Fitch Ratings has revised the Rating Outlook for Grupo de Inversiones Suramericana’s (GRUPO SURA) long-term foreign and local currency Issuer Default Ratings (IDR) to Positive from Stable and affirmed the IDRs at ‘BBB-‘. Fitch has also affirmed outstanding debt...
Posted On March 24, 2015
, By Loren Moss
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Bladex Reports 4Q 2014 Income At $36.1 Million (USD), 51% Growth over 2013

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, “Bladex”), the Panama-based supranational bank established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade finance and economic integration in the Region, announced...
Posted On March 24, 2015
, By Loren Moss
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PRAXIS Launches Pay Wallet, Virtualized NFC Electronic App in Colombia

PRAXIS, a Mexican transnational corporation, and provider of technology solutions, announced the availability in Colombia of “Pay Wallet”, their electronic wallet model for corporations and banking institutions, that in the form of an application, enables the information exchange...
Posted On March 23, 2015
, By Loren Moss
Davivienda's Bogotá headquarters. Photo credit: Loren Moss
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Wednesday March 25: Banco Davivienda to host Fourth Quarter 2014 Earnings Conference Call & Webcast Presentation

Banco Davivienda (BVC: PFDAVVNDA), a subsidiary of Grupo Bolivar, announced it will host its Fourth Quarter 2015 Earnings Conference Call & Webcast Presentation on Wednesday, March 25, 2015. Conference Call in English at 10:30am Eastern Time To participate, please dial:...
Posted On March 23, 2015
, By Loren Moss
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