BMO began the national U.S. rollout of a simplified online banking for business (OLBB) experience designed specifically for small and midsized enterprises (SMEs) and emerging middle market (EMM) clients. Previously available through a limited release, the new platform is now accessible to SME and EMM clients, providing an online banking experience built for everyday business needs.
Key benefits include:
- Purpose-built digital banking for small and midsize enterprises and EMM clients without full commercial complexity
- Simplified payments and clearer cash flow visibility to support day-to-day operations
- Straightforward user setup and controls designed for growing teams
“Small and midsized businesses have long been underserved by traditional commercial banking solutions,” Derek Vernon, head, North American treasury and payment solutions at BMO, said. “This new streamlined, intuitive experience that helps business owners quickly see their cash flow, complete everyday payments and keep their day-to-day workflow moving as their businesses grow.”
Jeff De Rosa, head, U.S. EMM at BMO Commercial Bank, added, “We heard clearly from our clients: they want a modern, efficient digital platform that reduces friction and helps them move faster and free up time and resources to focus on growing their business. This new platform reflects that feedback and our commitment to evolving alongside our clients’ needs and the way they are working today.”
