Colombian bank selects Infosys 'Finacle' solution

BANGALORE: Country-based software exporter Infosys Technologies today said that Bancolombia, the largest universal bank in Colombia has selected its banking solution --Finacle - to modernise its technology platform.

The Finacle solutions would be implemented in the banks Columbian branches and its international subsidiaries.

"We chose Finacle for its global leadership in new generation banking technology solutions backed by Infosys, a strong partner with excellent delivery track record," Bancolombia Vice President of Information Technology Olga Botero Pelaez said.

Bancolombia has a strong market share in the South American retail, corporate, credit cards, investment banking and housing loan sectors, an Infosys statement said.

After concluding the merger with Conavi and Corfinsura, Bancolombia embarked upon a major transformation project to modernise its technology platform for future growth, business agility and operational efficiency, it said.