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BMO partners with FISPAN to simplify business banking through innovation 

August 3, 2023 | Customers

BMO and FISPAN are revolutionizing the financial landscape – and setting a precedent for other banks to follow suit. We recently joined forces with FISPAN to offer BMO Online Banking for Business clients direct access to their day-to-day banking from their Enterprise Resource Planning (ERP) or accounting system. By integrating payments, reporting and reconciliation with these systems, clients now have a simpler, more efficient way to perform and manage their business transactions. 

With BMO’s support, FISPAN’s bank feeds integration offers a seamless and secure experience for users, ensuring the highest level of service and peace of mind.

“FISPAN’s open architecture simplifies and expedites direct integration into ERP systems. This partnership is another example of BMO securing industry-leading partnerships with providers that help us to meet our clients’ growing needs.” 

– Gurreet Sidhu
CIO, Treasury and Payment Solutions, BMO 

FISPAN’s banking solution stands out from screen-scraping/data-aggregating alternatives on the market. While these solutions rely on scraping data from online banking interfaces, FISPAN offers a direct connection with the bank. This ensures a more secure and reliable data transfer process, and also provides access to more comprehensive and detailed transaction information. By leveraging FISPAN’s direct bank connection, accountants and consultants can enjoy a higher level of accuracy, reliability and data integrity. 

“We recognize that our clients have competing demands – and as their banking partner, we’re focused on helping them make progress by delivering seamless and simple solutions. This partnership aligns perfectly with our commitment to deliver leading digital experiences to our customers giving them more time to focus on what matters most: growing their business.” 

– Sean Ellery
Head, Digital and Innovation, Commercial Banking, BMO 

BMO is paving the way as a digitally enabled, future-ready bank harnessing the potential of emerging technologies for real-time information and processing. As the industry moves towards open banking, BMO is supporting customers by creating a robust API infrastructure – underpinned by security – to enable safe and secure financial decisions. 

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