August 07, 2009

Bangalore-based software major Infosys Technologies Ltd and Bancolombia announced that Bancolombia, the largest universal bank in Colom bia and among the top 500 banks globally, has selected Finacle Universal Banking Solution to power its operations in Colombia and its international subsidiaries.

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.