BMO Harris Bank Selects FIS for Modernization of Core and Digital Banking Platforms
JACKSONVILLE, Fla .– (COMMERCIAL THREAD) – BMO Harris Bank Expands Relationship with Financial Technology Leader FIS® (NYSE: FIS) with a major multi-year program to transform its core banking systems to support the bank’s growth plans in the United States
As a long-time FIS customer, BMO will implement the modern FIS banking platform to power an expanded digital retail platform, which will offer U.S. consumers a range of mobile deposit and checking accounts. BMO has significantly expanded its retail presence beyond the Midwest, with a national banking platform and accepting digital deposits in all 50 states.
The multi-year technology modernization program will provide BMO with greater agility to support continued growth in the US market, bring new products to market faster and increase operational efficiency. The technology agreement also includes FIS Payments One, Digital One, the Code Connect application programming interface (API) gateway and a range of managed call center, card production and back office services.
“BMO is building a future-ready digital bank with industry-leading efficiency, profitability and loyalty. We are focused on accelerating our mobile technology so that our banking experience is increasingly convenient and transparent for BMO clients, regardless of how and when they choose to manage their money, â€said Victor Tung, Chief Technology and US Operations Officer, BMO. “Our expanded relationship with FIS will allow us to continue to launch leading digital solutions for our clients that help them make real financial progress. ”
“As today’s consumers increasingly embrace digital technologies in all aspects of their financial lives, BMO is taking bold steps to meet the changing needs and preferences of its customers and position itself for success in the marketplace. growing American, â€said Bruce Lowthers, President, FIS. “We appreciate our long partnership with this forward-looking bank and look forward to continuing to work with it.
FIS is a leading provider of technology solutions for traders, banks and capital markets companies globally. Our people are dedicated to advancing the way the world pays, finances and invests by applying our scale, deep expertise and data-driven insight. We help our customers use technology in innovative ways to solve critical challenges and deliver superior experiences to their customers. Based in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of the Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).
BMO Harris Bank offers a wide range of personal banking products and solutions at over 500 branches and toll-free access to over 40,000 ATMs in the United States. BMO Harris Bank’s commercial banking team offers a combination of industry expertise, local knowledge and a focus on the mid-market in the United States. To learn more about BMO Harris Bank, visit company information sheet. Accounts are subject to approval. BMO Harris Bank NA FDIC Member. BMO Harris Bank is part of BMO Financial Group, a highly diversified financial services provider with total assets of C $ 973 billion as of January 31, 2021.