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BMO Partners With FISPAN to Simplify Business Banking for Clients

BMO Partners With FISPAN to Simplify Business Banking for Clients

Directly integrating with BMO Online Banking for Business offers clients a more efficient way to manage their banking

BMO and FISPAN have partnered to offer BMO Online Banking for Business clients direct access to their day-to-day banking from their Enterprise Resource Planning (ERP) or accounting system.

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

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“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 Sean Ellery, Head, Digital and Innovation, Commercial Banking, BMO. “This partnership aligns perfectly with our commitment to deliver leading digital experiences to our customers giving them more time to focus on what matters most – growing their business.”

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

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“We are thrilled to be working with BMO on these integrations,” says Lisa Shields, CEO, FISPAN. “We share BMO’s emphasis on innovation and a better business banking experience for their clients making this partnership a perfect fit.”

“FISPAN’s open architecture simplifies and expedites direct integration into ERP systems,” said Gurreet Sidhu, CIO, Treasury and Payment Solutions, BMO. “This partnership is another example of BMO securing industry-leading partnerships with providers that help us to meet our client’s growing needs.”

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.

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