Bank of Montreal - News, Articles & Research

BMO introduces credit card instalment plan feature

Bank of Montreal is rolling out a digital credit card instalment plan that lets shoppers split their purchases into interest-free monthly payments.

29 November 2022

Company announcement/wholesale

BMO opens access to ERPs for business clients

BMO and FISPAN have partnered to offer BMO Online Banking for Business clients direct access to their day-to-day banking from their Enterprise Resource Planning (ERP) or accounting system.

21 November 2022

News/regulation

Canadian banks team on KYC solution

Some of Canada's biggest banks are joining forces with market and infrastructure services provider CanDeal to set up a centralised KYC offering for the capital markets industry.

27 June 2022

Company announcement/payments

BMO introduces Mastercard True Name feature for 2SLGBTQ+ community

Today, BMO Financial Group became the first financial institution in Canada to implement the True Name™ feature by Mastercard, enabling transgender and non-binary individuals to use their chosen name across all BMO consumer and small business credit cards without the requirement of a legal name change.

18 March 2022

Company announcement/payments

BMO and Moneris joins Mastercard Track Business Payment Service

Today, Mastercard announced new partnerships with BMO and Moneris Solutions Corporation (‘Moneris’), who have joined Mastercard Track Business Payment Service.

13 January 2022

News/sustainable

BMO pre-purchases direct air capture carbon removal

Bank of Montreal has pre-purchased the permanent removal of 1000 tonnes of carbon dioxide from the atmosphere through Direct Air Capture (DAC) technology.

26 November 2021

Company announcement/sustainable

Six of Canada's largest banks join United-Nations-convened Net-Zero Banking Alliance

Today, ahead of the United Nations Climate Change Conference (COP26) in Glasgow, six of Canada's largest banks – BMO, CIBC, National Bank of Canada, RBC, Scotiabank, and TD – together announced their pledge to join the Net-Zero Banking Alliance (NZBA) as part of a global, industry-led initiative to accelerate and support efforts to address climate change.

18 October 2021

News/markets

BMO uses AI for capital markets structured note pricing

Bank of Montreal is working with Toronto-based startup Riskfuel Analytics to develop AI-based models for pricing and scenario analysis of structured derivatives transactions.

06 September 2021

News/cloud

Big banks invest in accounting software firm Freshbooks

Barclays, Bank of Montreal and JPMorgan have joined an US$80.75 million Series E funding round for Toronto-based cloud accounting software firm Freshbooks.

13 August 2021

Company announcement/regulation

BMO Global Asset Management (Emea) deploys Nice Cloud compliance recording tech

Nice (NASDAQ: NICE), a leading provider of communication compliance solutions, today announced that BMO Global Asset Management (BMO GAM), the global investment manager owned by BMO Financial Group, has deployed Nice’s certified Cloud Compliance Recording solution for Microsoft Teams across its business in Europe, the Middle East and Africa (EMEA) to meet certain regulatory requirements around recording omnichannel communications for regulated employees now working from home.

29 June 2021

News/cloud

BMO to migrate key applications to AWS

BMO is to transfer large portions of its commercial and investment banking operations to Amazon Web Services in an effort to streamline its internal business processes and develop new customer-facing applications.

11 June 2021

Company announcement/payments

Bank of Montreal goes live with Pelican STP package

Leading AI technology solutions provider, Pelican, announced today that Bank of Montreal (BMO) has recently gone live with Pelican Intelligent Financial Hub – STP, Pelican’s payment analytics, intelligent automation and straight-through processing (STP) solution.

15 April 2021