Tagged: bank of montreal

Bank of Montreal Introduces AI enhanced Feature for Identifying Potential Cash Shortfalls for its Finance Management Platform

The Bank of Montreal (TSE: BMO), a Canadian multinational investment bank and financial services firm, has reportedly introduced an AI-enhanced feature for its personal financial management (PFM) platform that helps clients with identifying potential cash shortfalls. According to a release, BMO’s CashTrack Insight feature uses… Read More

Intuit’s QuickBooks Accounting Software May Now Access Financial Data Provided by Bank of Montreal Customers via New API

The Bank of Montreal (BMO), a Canadian multinational investment bank and financial services company with over 45,000 employees and a more than 850 billion CAD in assets, has created an API portal to allow small business clients to easily and securely share their data with… Read More

Digital Transformation: Canada’s Largest Banks have Spent Over $71 Billion on Upgrading Financial Technology Infrastructure

The largest financial institutions in Canada have reportedly spent over $71 billion (appr. C$100 billion) on technology since the financial crisis, in order to accommodate an increasing number of customers who now prefer to use digital banking platforms. According to several reports, the Coronavirus (COVID-19)… Read More

Tether Hires Bank of Montreal Executive as Chief Compliance Officer

Tether, a provider of tokenized traditional fiat currencies, has selected former AML Quality Control Manager at the Bank of Montreal, Leonardo Real, as their Chief Compliance Officer (CCO). Launched in 2014, Tether claims to be the first blockchain-enabled platform to allow traditional currencies to be… Read More

Bank of Montreal Apparently Blocking All Cryptocurrency Transactions

While the Bank of Montreal (BMO) has not made any public pronouncements we are aware of, the Canadian Bank has apparently decided cryptocurrency is too dodgy for their customers. This week a poster on Reddit shared a BMO Bulletin (#632) entitled Blocking Cryptocurrency Transactions for… Read More

Canadian Incubator DMZ Initiates “Next Big Idea in Fintech” Program with BMO

BMO Financial Group wants to ensure that the next big idea gets the support needed to ensure the idea come to fruition and will ultimately benefit Canadian consumers. By partnering with the DMZ at Ryerson University, one of Canada’s largest business incubators, BMO hopes to identify innovative minds geared toward… Read More

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