The bank will leverage the cloud to accelerate its digital transformation and enhance the banking experience for its 56 million customers around the world.
As part of the 10-year deal, which expands on the bank’s existing relationship with AWS, Itaú Unibanco will move the majority of its IT infrastructure off mainframes and out of its on-premises data centres to the cloud.
Itaú Unibanco said it will also migrate its core banking platforms, call centre solutions, online, and mobile banking applications to AWS, to create more efficient technology architecture that will help the bank to introduce new customer-facing services faster.
“AWS is helping Itaú Unibanco deliver the transformative benefits of online banking and digital payments to its customers in Latin America and around the globe,” said Andy Jassy, CEO of Amazon Web Services, Inc.
“By migrating its core applications to the world’s leading cloud, Itaú Unibanco can rely on the proven performance, scale, and unparalleled portfolio of capabilities of AWS to complete its transformation into an agile, more customer-centric business.
“Financial institutions rely on AWS for our secure, resilient global cloud infrastructure and services, industry expertise, and expansive network of partners.
“We continuously innovate so that AWS customers like Itaú Unibanco have the best resources to grow their businesses and meet rapidly changing customer behaviours and expectations.”
The bank will leverage AWS’s proven infrastructure and breadth and depth of services, including capabilities for analytics, machine learning, serverless, containers, managed database, compute, storage, and security.
The bank said it also plans to upskill thousands of its employees, expanding on the 1,300 professionals the company has already trained in advanced cloud technologies.
“Banking is all about delivering value to customers and AWS helps us improve the time to value in every aspect of our business while expanding the benefits of digital payments to our customers,” said Candido Bracher, CEO of Itaú Unibanco.
“We are pursuing a complete digital transformation on AWS, moving off legacy mainframe technology, and using its portfolio of services to gain insights and agility that will make us even more responsive to our customers’ needs.
“At the same time, we’re investing in our employees, training them in the most advanced cloud technologies so that they can continuously innovate on behalf of the individuals and businesses we serve.”
