BMO’s AI Push Now Targets Business Clients — And Earthquake Risk
Bank of Montreal is expanding use of an AI tool that analyzes payments data to boost sales to mid-market clients, deploying Codat’s technology in the U.S. and planning a Canada pilot. The system connects to over 20 accounting platforms and flags payment patterns, aiming to shift more transactions from checks to cards. BMO reports some clients increased card payments by 45% after adopting the tool.