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The goal of introducing fingerprint ID is to make the app both easier to use and more secure for its customers.

“It is no longer necessary to travel to a physical branch of Bancolombia to send or receive an international transfer,” said the firm.

Exito plans to monetize its Big Data assets through a program called Puntos Colombia, which has been developed with Bancolombia and will launch in early 2018.

An increase over the past month in the recreation prices (up 0.68%) and housing prices (0.30%) helped to push up the overall consumer price index.

“The dynamics of the domestic demand were weaker than expected” in the third quarter, stated the central bank.

The move continues a year-long rate-cutting trend but surprised a market that expected the Banco de la República to leave the rate steady.

The distinction acknowledges that Bancolombia has achieved an STP rate of at least 99%.

Bancolombia said that it will accept the tender offer of $360,912,000 USD for the 2020 notes and $321,152,000 for the 2022 notes.

Bancolombia has become the first traditional bank to join Fintech Colombia, the leading fintech association in Colombia.

"Proyectos Inmobilarios" platform will begin with 200 real estate projects and expand to include many more.