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"Bank of Montreal: Modernizing Payments in Record Time"
Winner of Celent Model Bank 2019 Award for Payment Services Hub Implementation
With many pending changes in the North American payments landscape, BMO chose to modernize its payment systems to implement a more agile and efficient way to meet evolving customer demands and create a platform for future innovation.
Learn how ACI's Worldwide's Payments Hub allowed this bank to meet changing infrastructure requirements and expectations across key North American markets, resulting in greater client acquisition and retention and, over time, to apply advanced risk management solutions (fraud, AML, auto-repair) to every payment product.
BMO forecasts that the Payment Hub will recognize significant savings, based on products slated for delivery over the next five years.
This includes savings from:
- Modernization of existing legacy technology
- Rationalization of technology in both Canada and the U.S.
- Reuse of assets in future technology developments
→ Download the Bank of Montreal (BMO) Case Study for a real-time payment use case.
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