BMO and Modern Treasury have partnered to simplify the management and tracking of complex payment flows for their shared commercial banking clients. This collaboration combines BMO’s banking capabilities with Modern Treasury’s financial operating system, offering faster and more flexible payments, automated reconciliation, real-time financial data, pre-built reporting...
—Cross-border transactions are growing rapidly, thanks to digital transformations and new international settlement rails. But there still exist a host of international payment frustrations and reconciliation frictions due to ongoing and historical round-peg, square-hole operational bottlenecks between those businesses transacting across borders with each other....
A lot changes in just a few months. Through the past few weeks, several banks have failed. Businesses have been roiled by concerns about their cash, about being able to access funds when needed. Inflation, of course, has been running rampant, lending an extra sense...
Modern Treasury has expanded its Reconciliation Engine designed for businesses with high-volume, complex funds flows. The newly enhanced offering automates and simplifies cash reconciliation for lenders, insurance companies, payroll providers, software companies, healthcare and Health Savings Account (HSA) providers, investment platforms and marketplaces, the provider...
May 26, 2023
—Cross-border transactions are growing rapidly, thanks to digital transformations and new international settlement rails. But there still exist a host of international payment frustrations and reconciliation frictions due to ongoing and historical round-peg, square-hole operational bottlenecks between those businesses transacting across borders with each other. Not the least of which is how long it takes […]
May 11, 2023
A lot changes in just a few months. Through the past few weeks, several banks have failed. Businesses have been roiled by concerns about their cash, about being able to...
April 14, 2023
Macroeconomic dislocations have highlighted the need for organizations to future-proof their businesses against uncertainty. Times of turmoil generally provide firms with a key opportunity to focus, or refocus, on the...
December 20, 2022
The growing adoption of real-time analytics is affecting nearly every aspect of banking and payments. “If you don’t know where your money is, you can’t make good financial decisions,” said...
August 14, 2024
Modern Treasury has expanded instant payments support for mutual clients of six top banks. “Money is moving swiftly toward a real-time future, and seeing customers use Modern Treasury to enable instant payments with some of the largest banks in the U.S. is a testament to the accelerating adoption of these exciting new payment rails,” Modern Treasury […]
September 14, 2023
BMO and Modern Treasury have partnered to simplify the management and tracking of complex payment flows for their shared commercial banking clients. This collaboration combines BMO’s banking capabilities with Modern Treasury’s financial...
April 17, 2023
Modern Treasury has expanded its Reconciliation Engine designed for businesses with high-volume, complex funds flows. The newly enhanced offering automates and simplifies cash reconciliation for lenders, insurance companies, payroll providers,...
March 02, 2023
San Francisco-based financial services platform Modern Treasury is introducing a product called “Global ACH” which it bills as “a new payment service” that enables lower-cost cross-border transfers than options like...
