Technology
Latin American Bank Implements Temenos WealthSuite
Latest news around the world of financial technology in private banking.
Temenos, the
Switzerland-headquartered software specialist for banking and
finance, has won a client in the form of Latin American lender
Itaú
Unibanco Holding.
The financial group, which is listed in Brazil, the US and
Argentina, has selected Temenos' WealthSuite for its
international private banking operations. The solution combines
Itaú's core banking, portfolio management, channels and analytics
functions in a single wealth management platform.
The bank will put the Temenos offering to work in a “big bang”
way, implementing the system as fast as possible.
“Temenos' WealthSuite 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, chief executive of US
and head of international private banking at Itaú, said.
Itaú Unibanco resulted from the merger of Itaú and Unibanco in
2008 and now has operations in 19 countries throughout the
Americas, Asia, Middle East and Europe.
