Colombia Financial Superintendency

SFC Orders Jovany Andrés Taborda Aristizábal to Halt Unauthorized $1.5B Fund Collection

The Superintendencia Financiera de Colombia (SFC) issued Resolución 0564 on April 13, 2026, ordering Jovany Andrés Taborda Aristizábal to immediately cease unauthorized collection of public funds. The SFC found that at least 31 individuals delivered $1,528,562,000 COP to Taborda, who collected money massively and habitually without legal authorization via social networks, websites, and virtual meetings, offering fixed monthly returns of 2% to 4%. The scheme operated through contracts with Fénix Group Consultores S.A.S., Fénix Inversiones y Valores S.A.S., and Fénix Private Investors Corporation. The SFC ordered full return of illegally collected funds and referred the case to the Superintendencia de Sociedades for administrative intervention and to the Fiscalía General de la Nación for criminal investigation.

Alternative Credit Scoring Guide for Financial Inclusion

The SFC published a financial inclusion guide portal consolidating ten guidance documents covering alternative credit scoring, group lending, special population access, and crowdfunding. The alternative scoring guidance outlines the use of non-traditional data such as utility payments and digital behavior to extend credit to populations without traditional credit histories, supported by artificial intelligence and the Bre-B system. These resources apply to regulated financial institutions seeking to expand access to the popular economy and MiPymes under a risk mitigation framework.