Who is the Banco de la república?

The Banco de la República is Colombia’s central bank, responsible for issuing, managing and controlling the country’s monetary movements, as well as issuing the legal tender, the peso. It regulates currency, international exchange and credit, issues the Colombian legal tender, manages international reserves and is the lender and banker of credit establishments.

The client’s need

Banco de la República did not have a digital tool that centralised all the processes for the management of foreign trade (imports and exports for the manufacture of currency), on the contrary, they made use of independent tools that decentralised the information, which generated inefficiencies in the solution of the tasks and increased the probability of human errors. For this reason, a system was developed that would allow the Bank to facilitate management, bringing centralisation of information and agility among its processes, in order to facilitate the foreign trade logistics process.

How we solved it

We improved and supported the applications entrusted to us in an efficient and timely manner, ensuring that these applications are kept up to date with the latest business needs, with a high rate of availability, thus guaranteeing that the bank’s operations can be carried out smoothly.

Annually, Banco de la República’s CUD system moves 9.5 times the country’s gross domestic product. New point-to-point interconnection mechanism through web services for transferring funds and consulting balances. Currently, the deposit account system is accessed in real time by more than 125 financial institutions. Multiple screen transfers and electronic signature: online operations. During peak traffic hours, up to 73.08 transactions per second can be performed.