“Can Latin America's largest private bank build a global, cloud-native wealth-and-spend platform for UHNW clients who live between LATAM, the US, and Europe?”
Itaú Private Bank is the offshore private-banking arm of Itaú Unibanco, Latin America's largest private financial institution, serving LATAM UHNW clients through hubs in Miami (Banco Itaú International), Zurich, Nassau, and Luxembourg/Portugal (Itaú BBA Europe). Its recent embedded-finance move was the 2022 launch of Itaú Global Wallet — a multi-currency Mastercard-branded card/wallet built on Rêv Worldwide's issuing platform — which extends private-banking accounts into a spend-anywhere digital product for internationally mobile clients. The Zurich subsidiary has emphasized digital transformation, publicly citing that it runs its core banking system in the cloud.
Itaú Private Bank discloses Banco Itaú International (in-house) and Itaú BBA Europe S.A. (in-house) as its banking providers, according to the Embedded Finance Index 2026.
Itaú Private Bank does not disclose a bank charter of its own; its banking services are provided through Banco Itaú International (in-house) and Itaú BBA Europe S.A. (in-house).
Itaú Private Bank's cards are issued through Rêv Worldwide on the Mastercard network.
Itaú Private Bank's lending and capital products are provided by Itaú Unibanco (in-house).
Itaú Private Bank uses Itaú Unibanco (in-house) for FX and cross-border payouts.
Itaú Private Bank's investing and wealth products are powered by Itaú Asset Management (in-house).
The Embedded Finance Index 2026 maps 6 layers in Itaú Private Bank's stack: Banking / BaaS (Banco Itaú International (in-house) and Itaú BBA Europe S.A. (in-house)); Card issuing (Rêv Worldwide); Card network (Mastercard); Lending (Itaú Unibanco (in-house), Capital de Giro (working capital loan), Pronampe, FGI and 5 others); FX & payouts (Itaú Unibanco (in-house)); Investing (Itaú Asset Management (in-house)).
Itaú Private Bank is founded in 2010 and headquartered in São Paulo, Brazil (with offices in Miami, Zurich, Bahamas, Nassau).
Get a read on where your own stack stands against Itaú Private Bank and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.