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The Paypers Global Partnerships Analysis Q3 2023 – Banking and Fintech

Voice of the Industry | Online & Mobile Banking | 17 Nov 2023

Building onto our previous reporting related to the partnerships that took place in Q3 2023 within the payments and commerce space, this analysis focuses on the banking and fintech industry.

banking, fintech, fraud prevention, financial crime, Open Banking, Open Finance, crypto, web3, The Paypers Quarterly Analysis series

FINOS forms an open standard project

News | Online & Mobile Banking | 28 Jul 2023

The US-based foundation of open innovation in financial services FINOS has announced the formation of an open standard project.

partnership, regulation, financial services, financial institutions, cloud services, compliance, risk management

BMO, Extend add payments solution on BMO Corporate Cards

News | Online Payments | 09 Dec 2022

The Bank of Montreal (BMO) has partnered with virtual card and spend management platform Extend to add a set of payments functionality to BMO Corporate Cards.

partnership, payments , online payments, virtual card, spend management, reconciliation, API

PopReach enters credit agreement with Bank of Montreal

News | Payments General | 19 Apr 2022

PopReach has entered into a credit agreement for USD 33 million in senior secured credit facilities with the Bank of Montreal (BMO).

partnership, banks, financial institutions, financial services, merger

BMO implements True Name by Mastercard

News | Cards | 15 Mar 2022

The Bank of Montreal (BMO) has implemented the True Name feature by Mastercard, enabling transgender and non-binary individuals to use their chosen name across all consumer and small business credit cards without the requirement of a legal name change.

financial institutions, product launch, MasterCard, credit card, banks

BNP Paribas exits US, sells Bank of the West for USD 16.3 bln

News | Online & Mobile Banking | 21 Dec 2021

BNP Paribas has agreed to sell its San Francisco-based Bank of the West to Bank of Montreal for USD 16.3 billion, becoming the latest European lender to exit US retail banking.

acquisition, banks, funding, retail banking

BMO launches Elite Mastercard credit cards in Canada

News | Cards | 26 Nov 2021

Bank of Montreal (BMO) has expanded its line of Mastercard credit cards available to business owners by introducing BMO World Elite Business Mastercard and BMO Air Miles World Elite Business Mastercard.

product launch, Mastercard, credit card, online banking, loyalty programme

CGI to pilot intelligent global trade automation

News | E-invoicing, SCF & E-procurement | 26 Oct 2021

CGI has partnered with the Bank of Montreal (BMO) and the National Bank of Canada (NBC) to pilot the use of intelligent process automation in capturing, identifying, and classifying documents as part of the CGI Trade360 global trade platform’s transaction flow. 

trade finance, partnership, artificial intelligence, banks

Bank of Montreal goes live with Pelican Intelligent Financial HUB

News | Online & Mobile Banking | 15 Apr 2021

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.

banks, partnership

BMO and Visa Canada team up to launch two new credit cards

News | Cards | 04 Nov 2020

BMO Bank of Montreal and Visa Canada have teamed up to launch two new credit cards.

BMO Bank of Montreal, Visa, Canada, credit cards, entertainment, dining, travel experiences

Intuit, Bank of Montreal include QuickBooks software in bank's API portal

News | E-invoicing, SCF & E-procurement | 17 Aug 2020

The Bank of Montreal (BMO) has created an API portal to allow small business clients to share their data with Intuit’s QuickBooks accounting software suite.

Bank of Montreal, BMO, Intuit, QuickBooks, QuickBooks Online, accounting software, API, API portal, small businesses, financial data, online banking, applications, cloud, business payments, bill payments, bill management, payroll, financial information, consent, ownership

Bank of Montreal buys shares of benefits management platform Benefitfocus

News | E-invoicing, SCF & E-procurement | 01 Oct 2019

Bank of Montreal has increased its stake in shares of Canada-based cloud-based benefits management platform Benefitfocus.

Bank of Montreal, Benefitfocus, FinTrust Capital Advisors, cloud-based benefits management platform, aquisition, M&A, business process automation, e-billing, e-enrollment, e-invoicing, B2B payments, Canada, North America

Bank of Montreal picks Demica for supply chain finance offer

News | E-invoicing, SCF & E-procurement | 16 Jul 2019

Bank of Montreal has licenced UK-based working capital solution provider Demica’s supply chain finance technology platform under a ‘white label’ agreement.

Bank of Montreal, Demica, partnership, Canada, UK, supply chain finance, banking, working capital solutions, working capital, supply chain finance technology platform, white label agreement

SecureKey launches digital identity network Verified.Me

News | Digital Identity, Security & Online Fraud | 02 May 2019

SecureKey Technologies has launched its digital identity network, Verified.Me, to provide secure identity verification to customers of Canadian financial institutions.

SecureKey, Verified.Me, identity verification

BMO partners with Mastercard to accelerate global payments

News | Payments General | 25 Apr 2019

Mastercard and BMO Bank of Montreal have announced that BMO will implement Mastercard Send to deliver international payment services to its Canadian-based business and commercial banking clients.

MasterCard, BMO Bank of Montreal, payments , banks, cards

Bank of Montreal launches biometric mobile authentication system

News | Digital Identity, Security & Online Fraud | 24 Oct 2018

Bank of Montreal has brought biometric mobile authentication to its commercial and corporate clients thanks to BioConnect technology.

Bank of Montreal, Canada, BioConnect, biometrics, mobile authentication, fingerprint authentication, voice authentication

Commerzbank makes first major FX pilot transaction via blockchain

News | E-invoicing, SCF & E-procurement | 24 May 2018

Commerzbank has traded an FX forward with industrial group thyssenkrupp in which the pilot transaction was instantaneously replicated in a blockchain.

Commerzbank, blockchain, FX , thyssenkrupp, trade finance, digital, Europe, Germany, banking, innovation

Top tier banks pass first transactions on Batavia platform

News | E-invoicing, SCF & E-procurement | 19 Apr 2018

Batavia, a blokchain-based trade finance platform developed by a consortium of international banks and IBM, has passed its first live pilot transactions with corporate clients.

banks, blockchain platform, Batavia, transaction, corporate banking

ATB Financial now part of SecureKey authentication network

News | Digital Identity, Security & Online Fraud | 31 Jan 2018

ATB Financial has joined SecureKey Concierge, an authentication network for connecting people to critical online services using the secure banking credentials they already have and trust.

ATB Financial, SecureKey, authentication, financial institution, Canada, banking

Banks team up with IBM to build blockchain-based trade finance platform

News | Cryptocurrencies | 04 Oct 2017

Bank of Montreal, CaixaBank, Commerzbank and Erste Group have joined an initiative launched by UBS and IBM in 2016 to build a new global trade platform based on blockchain.

Bank of Montreal, CaixaBank, Commerzbank, Erste Group, UBS, IBM, blockchain, trade finance, open platform