Case Study: Grupo Bancolombia achieves 30% testing time and effort savings and rapid region-wide Finacle core-banking transformation with EdgeVerve

Grupo Bancolombia - Customer Case Study

Grupo Bancolombia, the largest commercial bank in Colombia and a major Latin American banking group, faced the challenge of replacing legacy systems and consolidating disparate regional operations to speed product launches, enable straight‑through processing, support multiple languages and improve customer experience. To address this, the bank selected EdgeVerve’s Finacle core banking solution as part of its Innova program.

EdgeVerve implemented Finacle and supported a rigorous, SLA‑driven testing and Test Center of Excellence to re‑engineer processes and consolidate systems onto a single platform. The unified solution enabled new products to reach market within days and immediate clearing via straight‑through processing; the testing program delivered zero operational defects and cut testing time and effort by 30%, boosting productivity and lowering total cost of ownership for Grupo Bancolombia.

Grupo Bancolombia

Juan Camilo Zuluaga Peralta

Leader - Panama Green Field