BMO Financial launches new online treasury management platform

BMO Financial Group has launched a new treasury management platform to help corporate customers manage their day-to-day banking needs online from a single point of contact.

Called 'BMO Online Banking for Business,' this new service will provide business customers with a single screen or personal dashboard to manage all of their global cash management and foreign exchange services online.

According to BMO Financial, the new service will improve online usability and security. It will feature a new home page and customized options to better manage global cash management and foreign exchange activity from one point of contact.

The online service is also set to include the ability to centrally manage investments, loans, trade finance, and corporate card transactions.

In 2011, Online Banking for Business will be introduced to BMO’s commercial banking and corporate card customers. The platform will augment existing systems to provide all business banking clients, from corporate to small business, with a comprehensive view of their financial information, accounting and banking services in an internet environment.

BMO Financial Group EVP for global treasury management Marnie Kinsley said, with the personalization that the platform offers, BMO clients will be able to easily define their own banking experience by selecting what they want to see and where they want to see it on their homepage.

"And there is more to come, including the integration of online and mobile channels," Kinsley said.