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The new Colombian tech-forward bank offers interest bearing business accounts with no transactions or maintenance fees, and a 100% digital services portfolio, says Iris CEO, banking industry veteran Lorenzo Garavito.

As ratings agency Standard & Poor lowered Colombia's sovereign currency rating from investment grade into junk status, two government development banks and one commercial bank also took the hit. Findeter, FDN & Banco Davivienda al saw credit ratings drop out of investment grade,...

Bankrupt airline Avianca has revealed that it is working on debtor in possession financing with several investment banks including Seabury Securities, Goldman Sachs, and JPMorgan Chase; subject to approval by US Bankruptcy Court and creditors. The deal would potentially open a...

At Asobancaria in Cartagena, Unisys launched its new banking solution Elevate, an onmichannel platform that aims to improve the customer experience.

After the mayor issued an environmental alert, organizers of the annual Carrera Verde acted due to conditions that could have endangered the health of runners.

2015 was an eventful year for PayPal in Colombia. Just a month after announcing it was re-evaluating its operations in Colombia, and ceasing domestic payments between users, it turned around and announced an exclusive agreement with Colombian bank Davivienda geared towards...

There’s no doubt that shadow IT, the term used to describe the systems and solutions for Information Technology that are installed and used in organizations without the explicit authorization of the company, poses a real and urgent risk to banks. But shadow IT can also be a boon...

The Inter-American Development Bank (IDB) launched the 2015 Call for Proposals of the Initiative for the Promotion of Regional Public Goods in Latin America and the Caribbean (LAC), which supports projects aimed at resolving shared challenges and seizing opportunities for...

Davivienda’s Rating Outlook was revised to Positive given Fitch’s expectation that the banks’ financial profile and performance will continue to improve. The bank’s integration of its subsidiaries in Central America (HSBC’s former subsidiaries in...