Bancolombia Extends AxiomSL Solution to Fatca Reporting

Colombia's largest bank builds on provider's infrastructure to address tax law compliance

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Alex Tsigutkin, CEO, AxiomSL

Bancolombia has extended its engagement with risk and regulatory reporting solutions provider AxiomSL for reporting under the US Foreign Account Tax Compliance Act (Fatca).

Colombia's largest bank by assets and equity partnered with AxiomSL in spring 2014, and has since deployed its regulatory reporting application. The bank will roll out the Fatca solution on the same infrastructure, says Jaime Alberto Villegas Gutierrez, vice president for service delivery and customer experience at

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