In today’s FinTech news, Chime’s move toward an initial public offering (IPO) has turned the spotlight on digital banking’s acceleration into the mainstream of financial services, and Latin America is seeing FinTech unicorns being funded. Plus, credit unions (CUs) are going after new customers, armed...
Companies want many of the embedded finance options that FinTechs offer, and APIs and open banking help banks give their corporate clients the best of both worlds. In the Next-Gen Commercial Banking Tracker, Bank of Montreal’s Sean Ellery explains how they’re using open banking APIs...
The rapid growth in online banking tool adoption and the proliferation of application programming interfaces (APIs) have caused both businesses and consumers to begin seeing the benefits of a world where traditional banks no longer play an integral part in the financial transaction process. The...
The Bank of Montreal (BMO) has finalized a $16.3 billion acquisition deal for BNP Paribas’ Bank of the West in an all cash agreement that would drive BMO’s presence into the U.S., according to a press release on Monday (Dec. 20). One of the biggest...
April 18, 2018
From giving consumers in the developing world access to mobile and online banking capabilities to pushing banking tech forward in hopes of creating a new world of intelligent applications, digital banking technology is turning the financial industry on its head. And with the use of artificial intelligence, financial institutions (FIs) are also equipping consumers with […]
July 08, 2024
Bank of Montreal is reportedly leading a group of underwriters launching a $2.55 billion loan to back the previously announced acquisition of Canadian payments processor Nuvei. The loan will have a seven-year term and will help fund the $6.3 billion leveraged buyout led by Advent International, management, Novacap and CDPQ, Bloomberg reported Monday (July 8), citing unnamed sources. The proposed […]
December 20, 2021
The Bank of Montreal (BMO) has finalized a $16.3 billion acquisition deal for BNP Paribas’ Bank of the West in an all cash agreement that would drive BMO’s presence into...
March 08, 2019
In the largest initial public offering (IPO) by a tech firm in Canada in nearly nine years, shares of Lightspeed POS Inc. rocketed in the company’s debut of trading. The...
May 29, 2018
Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC) announced Monday (May 28) that hackers stole data on close to 90,000 customers. According to a report in Reuters, Bank...
