BMO Capital Markets, the investment and corporate banking arm of Canada-based BMO Financial Group, has signed a long-term business process outsourcing agreement with BancTec, a provider of document and payment processing solutions and services.
In the US, BMO Capital Markets provides its US corporate and commercial clients banking and operating services through Harris, part of BMO Financial Group.
BancTec previously provided lockbox services to BMO Capital Markets through a contract with another service provider.
Steve Rogers, managing director and head of US global treasury management at BMO Capital Markets, said: “This strategic relationship with BancTec allows us to provide our clients full treasury management services and meet their working capital and cash flow needs.”
Source:http://www.istockanalyst.com/article/viewiStockNews/articleid/3805213
