Latest Bank of Montreal News: Finextra Research

RBC and BMO explore $2bn sale of Moneris payments business - Reuters

Royal Bank of Canada and Bank of Montreal are looking to offload payments processing joint venture Moneris for up to $2 billion, according to Reuters.

15 August 2025

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BMO launches mobile wallet for virtual cards

BMO Commercial Bank has joined forces with Mastercard and Extend to give clients the power to create and push virtual cards to their employees' mobile wallets.

29 August 2023

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BMO introduces credit card instalment plan feature

Bank of Montreal is rolling out a digital credit card instalment plan that lets shoppers split their purchases into interest-free monthly payments.

29 November 2022

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Big banks back Canadian launch of Financial Data Exchange

Canada's big five banks are among 31 organisations onboard for the launch of Financial Data Exchange (FDX) in the country, vowing to work together to promote Open Banking through the development of a secure, common, interoperable, flexible and royalty-free industry standard for financial data sharing.

30 July 2020

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BMO joins $6m FlexPay funding round

FlexPay, a Montreal-based startup using AI to help merchants recover lost revenues from declined transactions, has raised $6 million in a funding round led by Impression Ventures and joined by BMO Capital Partners.

09 December 2019

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Barclays and JPMorgan Chase join TouchBistro funding round

Barclays Bank, RBC Ventures, BMO Capital Partners and JPMorgan Chase have participated in a C$158 million funding round in iPad POS outfit TouchBistro.

19 September 2019

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Top tier banks pass first transactions on trade finance blockchain

Batavia, a blokchain-based trade finance platform developed by a consortium of international banks and IBM, has passed its first live pilot transactions with corporate clients.

19 April 2018

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Four more banks join IBM/UBS blockchain trade finance platform

IBM is collaborating with five international banks on the creation of a global trade finance platform based on blockchain technology.

04 October 2017

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Android Pay lands in Canada and Taiwan

Android Pay has arrived in Canada, with several of the country's biggest banks making the mobile payments service available to Mastercard and Visa credit cardholders as well as Interac debit card users.

31 May 2017

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BMO Harris Bank adds P2P payments to mobile app

Chicago-based BMO Harris Bank continues to burnish its mobile credentials with the launch of a person-to-person payments service dubbed People Pay.

25 January 2017

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Banks test Ripple digital asset for cross-border payments

A dozen member banks of the R3 distributed ledger consortium have been trialling Ripple's network and native currency to tackle the costs and inefficiencies of interbank cross-border payments.

20 October 2016

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Canadian banks sign on for Apple Pay

Apple has finally struck deals with Canada's banks to bring its mobile payments services to the country's Visa, MasterCard and Interac cardholders.

10 May 2016

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