“Can a legacy Latin American banking giant defend its franchise against neobanks by industrialising a digital sub-brand (iti) on cloud-native core infrastructure while opening regulated APIs to the partner ecosystem?”
Itaú Unibanco is the largest private bank in Latin America, formed from the 2008 Itaú/Unibanco merger. iti is its digital-native sub-brand launched in 2020 to compete with Brazilian neobanks (Nubank, C6) on a free-account, mobile-first proposition. Strategically, Itaú has industrialised its embedded-finance stack by buying modern core-banking infrastructure (Pismo powers iti's digital accounts, payments and wallet) while retaining its own banking licence, card issuing and lending. The Conexão Itaú partner programme and devportal.itau.com.br expose Pix, FX, account statement, PISP and Corban Digital APIs to ERPs and software houses — positioning Itaú as a regulated BaaS-style distributor on top of its own balance sheet.
Iti Itaú discloses Itaú Unibanco S.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Iti Itaú does not disclose a bank charter of its own; its banking services are provided through Itaú Unibanco S.A. (in-house).
Iti Itaú processes payments through Rede (self-operated, Itaú-owned acquirer) and Pix (self-operated via Itaú Unibanco). Disclosed money-movement rails: Pix.
Iti Itaú's cards are issued through Itaú Unibanco (in-house, cards manufactured by IDEMIA).
Iti Itaú's lending and capital products are provided by Itaú Unibanco (in-house).
Iti Itaú runs its ledger on Pismo.
Iti Itaú connects to bank accounts through Itaú Open Finance APIs (self-operated as regulated participant in Brazil's Open Finance).
Iti Itaú uses Itaú Unibanco (in-house FX desk) for FX and cross-border payouts.
Iti Itaú's payroll is powered by Itaú Unibanco (in-house — folha de pagamento).
Iti Itaú integrates with Alterdata, GPlus, Nox and Colibri.
The Embedded Finance Index 2026 maps 11 layers in Iti Itaú's stack: Payments / PSP (Rede (self-operated, Itaú-owned acquirer) and Pix (self-operated via Itaú Unibanco)); Money movement (Pix); Banking / BaaS (Itaú Unibanco S.A. (in-house)); Card issuing (Itaú Unibanco (in-house, cards manufactured by IDEMIA)); Ledger (Pismo); Lending (Itaú Unibanco (in-house), Capital de Giro, Antecipação de Recebíveis (Rede e outras maquininhas), Risco Sacado (supply chain finance) and 6 others); Payroll (Itaú Unibanco (in-house — folha de pagamento)); Open banking (Itaú Open Finance APIs (self-operated as regulated participant in Brazil's Open Finance)); FX & payouts (Itaú Unibanco (in-house FX desk)); Accounting (Alterdata, GPlus, Nox and Colibri); Spend / AP (Itaú Empresas corporate cards (in-house)).
Iti Itaú is founded in 1945 and headquartered in São Paulo, Brazil.
Get a read on where your own stack stands against Iti Itaú 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.