CASE STUDY
Amazon Web Services , part of Amazon . com , has announced that the transnational financial institution Bancolombia is expanding its relationship with AWS , selecting it as its strategic cloud partner with plans to migrate 100 % of its applications to the world ’ s leading cloud . costs and improve its operational efficiency . In addition , the financial institution ’ s top management is investing in cloud computing skills development for its employees to accelerate the company ’ s Digital Transformation . To date , 800 employees have completed cloud computing training through AWS courses .
As part of a new agreement , Bancolombia will move the majority of its IT infrastructure to AWS , and it expects to reduce its IT infrastructure costs by approximately 60 %.
For the last three years , Bancolombia has modernized and transformed its digital channels and applications , such as ‘ Bancolombia a la Mano ’ on AWS to improve the banking experience for its more than 20 million
THIS IS A CLEAR SIGN OF WANTING TO GIVE CUSTOMERS THE BEST EXPERIENCE IN THEIR RELATIONSHIP WITH US .
individual and corporate customers in Colombia , Panama , El Salvador , Puerto Rico , the Cayman Islands , Peru and Guatemala . So far , the bank has migrated its SAP workloads and more than 90 applications to AWS and created 180 new applications natively in the cloud .
“ Using AWS will allow us to continue advancing in the Digital Transformation we have been undergoing . This is a clear sign of wanting to give customers the best experience in their relationship with us ,” said Jaime Villegas , Vice President of Corporate Services at Bancolombia .
“ Moving to the cloud , helps us promote sustainable economic development to achieve wellbeing for all . In our view , technology is key to delivering quality , financial and non-financial products and services to the customers and communities we serve . By leveraging the cloud , we can remain at the forefront and continue to be a benchmark of innovation for the financial sector .”
The relationship between the two companies began in 2015 , when Nequi , the first digital bank in Colombia , part of Grupo Bancolombia , was created . Following a period of success in 2018 , Bancolombia decided to open a new management team in charge of leading its Digital Transformation process . It considered the adoption of cloud services a priority . Thus , using AWS services , the financial institution successfully migrated applications , including the SAP software ’ s planning resources , to the cloud .
The bank is leveraging AWS ’ s global infrastructure and a broad portfolio of cloud capabilities , including analytics , databases , storage and security , to lower
ABOUT GRUPO BANCOLOMBIA
Bancolombia is a financial group with 146 years of history , and a presence in Colombia and Central America . It offers its portfolio of financial and non-financial products and services to more than 20 million customers . It provides , among others , commercial and consumer banking services , stock brokerage , financial leasing , factoring , trust services , asset management , private banking and investment banking . It has announced it will promote economic development for the wellbeing of all , seeking to impact the communities of the four countries in which it operates .
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