Banco Itaú, the largest bank in Latin America, knows that it has no time to rest on its laurels. To protect its hard-won market share, the bank continually seeks to invest in the latest banking solutions to meet the fast-changing requirements of its clients. To enrich the product range for its international private banking operations, Banco Itau will deploy Temenos Wealth on the cloud. The platform will deliver integrated core banking, digital channels, analytics and wealth front office functionality. Following a big bang implementation strategy to accelerate time to value, Banco Itau will be able to bring new services to market faster, build an attractive, user-friendly online presence, and scale seamlessly as business volumes grow.

Investing in technology and the digital transformation of Itaú is crucial in order to meet clients’ needs and create lasting value. Itau’s international Private Bank selected a technology platform that will enrich the customer experience, reduce time to market for new products, generate efficiencies and reinforce the segments’ digital strategy. Temenos solution will allow key international offices to automate front, middle and back office functions. Equally important, the new technology platform will make the business better prepared for the exponential evolution of technological cycles.”

Carlos Constantini, CEO of U.S. and Head of international private banking at Banco Itaú

In 2020 Itaú Group extended its relationship with Temenos, choosing SaaS-powered Temenos Wealth Front Office and Temenos Transact – fully configured, pre-packaged solutions with embedded local compliance for the bank’s Swiss and U.S. operations. The front-to-back advanced AI technology of Temenos Wealth will deliver state-of-the-art omnichannel mobile and digital banking applications to enable Itaú Group to offer differentiated digital experiences to its international private banking clients. The shift to a single SaaS digital banking platform will drastically reduce the bank’s time-to-market, IT costs and operational complexity and achieve an improved cost/income ratio.

Investing in technology that can drive sustainable profitability, efficiency and client centricity is a key pillar of Itaú Private Bank International’s business strategy. With Temenos’ advanced, cloud-native technology, we will keep our attention and focus on the business. The rapid launch of our new, truly universal digital wealth platform supports our international operations and enables us to scale for global expansion in years to come.”

Fernando Beyruti, Head of Itaú Private Bank International