Banking software firm Temenos has extended its relationship with one of the world’s largest private banking groups, Itaú Unibanco Holding (Itaú).

Under the new agreement, Banco Itaú (Suisse) and Banco Itaú International, will deploy portfolio management and securities trading platform Temenos Infinity Wealth and processing platform Temenos Transact.

Temenos products run off a cloud-based ‘software as a service’ (SaaS) system and will “power the bank’s international private banking operations on a single, universal wealth management platform with rich functionality, spanning back-office processing through t...