Bancolombia selects Infosys' Finacle solution
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Bangalore: Infosys Technologies announced that Bancolombia, the largest universal bank in Colombia and among the top 500 banks globally, has selected 'Finacle Universal Banking Solution' to power its operations in Colombia and its international subsidiaries. Finacle is the universal banking solution offered by Infosys Technologies. Finacle from Infosys helps banks by providing a holistic and integrated transformation approach, complete with solutions and services. This framework for multi-disciplinary change enables banks to shift their strategic and operational priorities. Olga Botero Pelaez, Vice President of Information Technology, Bancolombia said, "We chose Finacle for its global leadership in new generation banking technology solutions backed by Infosys, a strong partner with excellent delivery track record. We are confident that in Finacle and Infosys, we have found the best combination to power our business transformation." Bancolombia has a strong market share in the South American retail, corporate, credit cards, investment banking and housing loan sectors. After concluding the merger with Conavi and Corfinsura, Bancolombia embarked upon a major transformation project to modernize its technology platform for future growth, business agility and operational efficiency. Haragopal M, Global Head - Finacle, Infosys Technologies said, "We are delighted to partner with Bancolombia. This strategic partnership is an endorsement of the global leadership of Finacle. Latin America is a key focus region for us and we continue our high commitment to the requirements of banks in the region."

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