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HomeBankingBMO seeks to modernise payment flows through Modern Treasury partnership

BMO seeks to modernise payment flows through Modern Treasury partnership

Date:

San Francisco-based Modern Treasury partners with BMO, North America’s eighth-largest bank, to enhance payment flow management for commercial banking clients.

Facts

  • Modern Treasury collaborates with BMO to combine money management APIs and banking capabilities.
  • The partnership offers payment flexibility, automated reconciliations, real-time financial data, reporting, and operational support.
  • The integration aims to help businesses efficiently handle high-volume payment flows.
  • Dimitri Dadiomov, CEO of Modern Treasury, anticipates improved payment operations integration for BMO customers and access to the bank’s North American presence.
  • Brett Pitts, head of North American treasury and payment solutions at BMO, highlights the role of sophisticated technology in simplifying banking for commercial clients.
  • BMO’s partnership with Modern Treasury follows a recent collaboration with Extend for virtual Mastercard-issued card management for commercial clients.

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