Banco de Bogota extends Fidelity contract for further three years

Source: Fidelity

Fidelity National Financial, Inc. (NYSE:FNF) , a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services division, (Fidelity) today announced the signing of a renewal agreement with Banco de Bogota in Colombia to provide lending, deposits and customer information software and services.

Under the three-year agreement, the bank will continue to utilize Fidelity's deposits, savings, commercial lending, customer information systems, facilities management, architecture and origination and warehouse offerings.

A Fidelity client since 1988, Banco de Bogota is the second-largest financial institution in Colombia with assets of over $3 billion and operates a network of 300 branch offices. The bank is a subsidiary of Colombian holding company, Grupo Aval, and was recently recognized as bank of the year in Colombia by Latin Finance and is Colombia's most profitable bank.

"We are extremely happy to extend our relationship with Fidelity for the fourth consecutive time," said Dr. Alejandro Figueroa, chief executive officer for Banco de Bogota. "We have built up an effective partnership since 1988 and Fidelity's expertise has always been on hand to meet our business requirements through the provision of solutions in step with technological advances. We aim to provide our customers with the highest quality service, and Fidelity's leading suite of products continues to make this possible."

The bank recently completed a successful upgrade program ensuring the organization's access to the most advanced versions of the Fidelity software.

"This renewal agreement demonstrates the significant worth our systems have delivered to a valued client," said Prakash Jalihal, managing director for Fidelity's Latin America and Caribbean operations. "Our strategic investment in our products and services allows us the capacity to guarantee that our clients will receive ongoing support and have market-leading solutions at their disposal. We look forward to continuing this successful long-term partnership."

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