 The efforts of the bank's technical consultants and FIS experts enabled Banco de Bogotá to be the first financial institution in its market to introduce a new personal loan product, Prestamo Personal Libre Destino.Banco de Bogotá has utilized FIS' deposits, savings, financial management and architecture to support its retail banking operations since 1988.Following a change in local banking regulations in the fourth quarter of 2005, the bank needed to upgrade its lending system quickly to launch a new consumer loan product into the market.