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BMO Capital Markets Chooses BancBridge for Automated Connectivity With Its Corporate Treasury Management Clients

Posted on: Wednesday, 31 December 2008, 07:00 CST

TORONTO and CHICAGO, Dec. 31 /PRNewswire/ -- BancBridge today announced that BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group, has implemented its TreasuryAgent platform for unattended web connectivity with corporate treasury management clients. BMO clients are now able to automate the secure downloading of account information, audit reports and other transaction reports, without having to manually log in to the bank's web-based treasury portal, DirectLine(R). Dial up modems and complicated FTP processes are completely eliminated.

"We are very pleased to have BMO Capital Markets join our growing list of customers," said Donald Craddick, President of BancBridge. "Banks like BMO have found that our TreasuryAgent automated web connectivity platform can immediately improve the service they offer to their clients by increasing productivity and streamlining manual processes."

"BMO was looking for a connectivity solution that would offer superior functionality and provide greater automation and flexibility in completing treasury management processes," said Marnie Kinsley, Executive Managing Director, Global Treasury Management, BMO Capital Markets. "Our clients appreciate the ability to schedule unattended activities, and this new service allows users to significantly increase their efficiency and reduce time spent on routine tasks."

About BancBridge: BancBridge's TreasuryAgent is client-side software containing XML forms that automate any function currently available on a bank cash management website. BancBridge TreasuryAgent will up/download data, reports and initiate transactions with a bank's website in unattended mode. TreasuryAgent works with the bank's current web-based cash management system, eliminating technology changes. BancBridge is headquartered in Westlake Village, California.

About BMO Capital Markets

BMO Capital Markets is a leading, full-service North American financial services provider, with over 2,400 employees operating in 14 North American offices and 26 worldwide, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is part of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$345 billion total assets and more than 37,000 employees as of October 31, 2008.

(R)DirectLine is a registered trademark of Bank of Montreal.

SOURCE BancBridge; BMO Capital Markets

Source: PR Newswire

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