- Directly integrating with BMO Online Banking for Business offers clients a more efficient way to manage their banking
- Partnership highlights BMO's strategy to offer innovative Open Banking solutions to business clients
By integrating payments, reporting and reconciliation with these systems, clients now have a simpler, more efficient way to perform and manage their business transactions.
Without leaving their ERP system, BMO's business clients will be able to:
- View real-time account and balance information
- Send wire and other domestic electronic payments
- Automatically reconcile their transactions
"We recognize that our clients have competing demands and as their banking partner, we're focused on helping them make progress by delivering seamless and simple solutions," said
This partnership represents BMO's continued investment in leveraging the power of Open Banking to tailor their services to fit the varying needs of its Commercial Banking clients:
- BMO recently announced a partnership with Xero allowing business clients to connect and manage their Online Banking and Xero accounts
- BMO's Developer Portal makes banking APIs available to clients who want to build custom integrations between their business systems and BMO accounts
"We are thrilled to be working with BMO on these integrations," says
"FISPAN's open architecture simplifies and expedites direct integration into ERP systems," said Gurreet Sidhu, CIO,
BMO is paving the way as a digitally enabled, future-ready bank harnessing the potential of emerging technologies for real-time information and processing. As the industry moves towards Open Banking, BMO is supporting customers by creating a robust API infrastructure, underpinned by security, to enable safe and secure financial decisions.
About
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in
About FISPAN
FISPAN is the market leader in ERP-banking. Our turn-key platform makes it simple for banks to offer business banking services embedded in their clients' business application. FISPAN powers best-in-class commercial banking experiences by removing friction and adding value to how the bank's clients operate their business. Founded in 2016, FISPAN is headquartered in
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