BMO Capital Markets, an investment and corporate banking arm of the BMO Financial Group, has implemented cash management technology provider BancBridge’s TreasuryAgent platform for unattended web connectivity with corporate treasury management clients.
BancBridge has said that BMO clients are now able to automate the secure downloading of account information, audit reports and other transaction reports, without having to manually log in to the bank’s web-based treasury portal, DirectLine. Dial-up modems and complicated FTP processes have been reportedly eliminated.
Donald Craddick, president of BancBridge, said: We are very pleased to have BMO Capital Markets join our growing list of customers. Banks like BMO have found that our TreasuryAgent automated web connectivity platform can immediately improve the service its offer to their clients by increasing productivity and streamlining manual processes.
Marnie Kinsley, executive managing director of global treasury management at BMO Capital Markets, said: BMO was looking for a connectivity solution that would offer superior functionality and provide automation and flexibility in completing treasury management processes. Our clients appreciate the ability to schedule unattended activities, and this new service allows users to significantly increase their efficiency and reduce time spent on routine tasks.