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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 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.

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