Success Story


Solution components:

  • Amazon EC2
  • Amazon Route 53
  • Amazon S3
  • CloudWatch
  • AWS config
  • CloudFront

The project

Bancamía is the result of the integration between the BBVA Microfinance Foundation, Colombia Women’s World Corporation, and Medellín Women’s World Corporation.
Bancamia S.A. is one of the main microfinance institutions in Colombia. It arose from the integration of the assets of the World Corporation for Women Colombia and the World Corporation for Women-Medellín and its transformation into a bank in 2008. It is an entity with a social sense, dedicated to microfinance, which exclusively serves low-income entrepreneurs, with its own methodology and banking products and services designed especially for this segment of the population.
It is a Microfinance bank in Colombia


Bancamia has Banking Correspondents who are small stores or shopkeepers who have a platform for transactions such as withdrawals, payment of services, loans, etc.
Bancamia was looking for a solution that could support the number of Bank branches, that could grow or scale automatically according to their demand or number of transactions in Colombia.
They had infrastructure on premises with IBM, which was very expensive and limited in administration.
Itera offered the AWS Elastic Beanstalk service that is easy to use for deploying and scaling web applications and services built with Java, .NET, PHP, Node.js, Python, Ruby, Go, and Docker on familiar servers like Apache, Nginx, Passenger, and IIS.
This service was of great support to Bancamía, as it enabled the implementation to be managed automatically.

The Solution

The solution is based on AWS best practices that facilitate easy growth or scalability, along with services that provide security across various layers of the solution.

This infrastructure has grown month by month due to its transactionality and performance of its applications, which allowed us to generate multiple projects such as:

  • PSE payment gateway
  • Mobile Banking
  • Moodle
  • Among others.

What did you get?

What did we do differently in our offer?

    • Cloud Platform Vs On Premisse and Licensing
    • Pay-per-use model
    • Demonstration of experience through POC’s

How was it to differentiate ourselves from the competition?

    • We didn’t offer a platform and licenses, we offered services, security, scalability and budget efficiency, as well as experience

What were the internal AWS programs that helped us win?

    • Migration Competition
    • Managed Services Competency
    • Experience in Security issues that leverages compliance with regulations of the Financial Superintendence of Colombia

Contact Us

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