BMO Bank of Montreal and Monitise have entered into an alliance to develop mobile money services via the latter's platform.
The collaboration builds on an agreement formed in 2010 with Clairmail, the US-based mobile banking and payments provider acquired by Monitise in 2012. The two will work with together across the bank's smartphone applications, mobile web offerings and SMS services.
“With the size of the mobile money opportunity growing by the day, and the enhanced experience and convenience this channel provides to our customers, we plan to continue to build on our success in this area to date,” says Andrew Irvine, senior vice president, BMO Bank of Montreal. “We are extremely pleased with the response we’ve seen to our mobile banking and payments services so far and, with the support of Monitise and its technology platform, we look forward to delivering more innovative solutions across this space and beyond.”
Latest News
-
UK court confirms shutdown of payments firm over crime concerns
-
Visa and OpenAI partner to enable secure agentic AI payments
-
Citi hires new MD for consumer and retail investment
-
Rabobank, ING, Credit Agricole ‘consider stake in Belgium-owned bank’
-
Visa and Mastercard win preliminary approval for $38bn swipe fee settlement
-
UK watchdog investigates auditors linked to collapsed lender MFS
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories