San Francisco-based Modern Treasury partners with BMO, North America’s eighth-largest bank, to enhance high-volume payment flow management for commercial banking clients.
Facts
- The partnership combines Modern Treasury’s money management APIs with BMO’s banking capabilities to provide businesses with payment flexibility, automated reconciliations, real-time financial data, reporting, and operational support.
- The integration aims to help businesses efficiently manage and track complex high-volume payment flows.
- Dimitri Dadiomov, Modern Treasury’s CEO, highlights the partnership’s benefits for BMO customers and leveraging the bank’s North American presence.
- Brett Pitts, BMO’s head of North American treasury and payment solutions, emphasizes how advanced technology is simplifying banking for commercial clients.
- This collaboration follows BMO’s recent partnership with Extend to enable its commercial clients to issue and manage virtual Mastercard-issued cards in employees’ mobile wallets.
