BMO's Treasury & Payment Solutions division has been recognized with several industry awards in 2024, showcasing its commitment to digital innovation and customer experience. The accolades include honors from Datos Insights, Red Dot Design, Global Finance, and The Digital Banker.
Derek Vernon, Head of BMO Treasury and Payment Solutions, commented on the achievements: "These awards are a tremendous achievement for our Treasury & Payment Solutions team and a testament to our relentless focus on delivering digital solutions that create exceptional value for our clients." He added that the company is dedicated to using emerging technologies to set new standards in banking innovation.
In September 2024, BMO was awarded the Global Cards & Payments Innovation Award by Digital Banker for its Corporate Card "Extend for BMO" offering. This virtual card solution was developed in collaboration with Extend and aims to provide commercial clients with enhanced control over digital payments.
Earlier in July 2024, BMO received the Red Dot Design Concept Award for its Online Banking for Business platform. This award recognizes excellence in user interface and experience design, marking a first for banks in Canada and the U.S. within this category.
In June 2024, Datos Insights honored BMO with the Silver Medal Impact Innovation Award in Cash Management and Payments for AI and Analytics. This accolade acknowledges BMO's "One Client Relationship Network Platform," which utilizes advanced analytics and AI.
Global Finance magazine also recognized BMO as part of its World's Best Treasury & Cash Management Banks Awards. The bank was named "Best Bank for Collections" in North America and "Best Bank for Transaction Banking" in the Western United States.
BMO Financial Group is one of North America's largest banks by assets. It offers various banking services across Canada, the United States, and other global markets while emphasizing sustainable growth.
For more information about BMO’s cash management offerings or media inquiries, contact Sofiya Affey at sofiya.affey@bmo.com or (708) 851-8162.