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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...

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...

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...

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:...

MAPFRE, the Spanish based global insurer, has named José Carpio as the new CEO for Colombia, replacing Raul Fernandez Maseda, who is retiring after 20 years with the company. Carpio has been the CEO of MAPFRE in Mexico, and has also held responsibilities with MAPFRE Asistencia in...

HBI (Helm Banca de Inversion) the independent investment bank belonging to Helm Group, has started 2015 as Colombia’s leading investment bank in the discipline of Project Finance. Currently, the investment bank is working on more than 20 large transactions in sectors such as...

Above photo: Serge Elkiner, CEO of Yellow Pepper Yellow Pepper, the first Latin American mobile financial company to receive a World Bank IFC (International Financial Corporation) equity investment, has launched Yepex, Latin Americas’ first “smart wallet” with functionality...