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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...

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...

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...

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...

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...

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...

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...

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...