Latin America’s largest banking group, Itau Unibanco has teamed with world’s leading banking software vendor, Temenos Group for its international private banking business
The platform named T24, is marketed as WealthSuite by Temenos, which also includes portfolio management, channels and analytics functions.
It will be deployed in the cloud, in a “big bang” approach.
Itaú’s CEO (US) Carlos Constantini believes the new platform will “enrich the customer experience, reduce time to market for new products, generate efficiencies and reinforce the segments’ digital strategy”.
It will also make the bank “better prepared for the exponential evolution of technological cycles”, he adds.
Earlier this year, another Latin American financial institution, LarrainVial, went live with T24 following a seven-year effort.