BMO Financial Group to Overhaul NAV Processing
In a bid to boost operational risk management and efficiency, BMO will be replacing manual systems with an IT platform.
In a sweeping overhaul, BMO Financial Group (BMO) will be moving from a manual “tick and bob” system for its net asset value (NAV) production, validation and distribution processes to an automated platform intended to mitigate the risk caused by manual errors and improve investment fund administration and client service.
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