Intelligent CIO LATAM Issue 04 | Page 57

CASE STUDY

Bancaribe is a young bank , compared to other institutions in the region . It began operations on November 3 , 1954 , in the city of Puerto Cabello , Carabobo , Venezuela , and since that time it has been dealing with an important presence in Caracas and the interior of the country .

With the current situation in Venezuela , the Digital Transformation of banking requires a greater effort and this is what Bancaribe is demonstrating by deploying an updated project with a long-term impact .
Hence , the relationship with Cobis has become a relevant issue to help in the management of its transactions . Cobis is a recognized brand in the financial sector of the region and for decades it has provided technology to manage the banking core of 69 entities that include , apart from Bancaribe in Venezuela , organizations such as Santander in Mexico , Davivienda in Colombia , GlobalBank in Panama and Terrabank in the United States .
Cobis ’ offering focuses on two fronts , Cobis Core and Cobis Edge , the first is a banking core focused on transactions while the second front is dedicated to the omnichannel management of customer relationships .
On the other hand , the impact that the pandemic has had on the global economy is undeniable and the financial sector has received much of its impact . Therefore , the digital acceleration has demonstrated its worth responding to the need to interact with the bank ’ s traditional customers . Cobis had a direct relationship with the offer of new solutions with which Bancaribe responded promptly to its clients within the branch and in the digital environment . With this , Bancaribe generates an important change in the relationship with its clients in the medium and long term .
Martín Pérez , the Executive President of Bancaribe , explains how the relationship with Cobis works , and the present and future impact of their joint work .

WE HAD TO SPEND A LOT OF TIME

UNDERSTANDING OUR DIGITAL

TRANSFORMATION PROCESS

AND COBIS ACCOMPANIED US IN THE STRATEGIC

DIRECTION .

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