With many pending changes in the North American payments landscape, BMO chose to modernize their payment systems to implement a more agile and efficient way to meet the evolving demands of their customers and create a platform for future innovation.
BMO is forecasting the Payment Hub will recognize significant savings, based on products slated for delivery over the next five years.
This figure includes savings from:
Bank of Montreal is already on its path to PayMod and discovering all of its benefits. Want to learn more about how real-time payments modernization can present a breadth of opportunities? Download our eBook, “Real-Time Payments Modernization: Leveraging ISO 20022, Universal Confirmations and SWIFT gpi for Payments Innovation.”