Bank of Montreal 1997 Annual Report Download - page 12

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Bank of Montreal 180th Annual Report 199710
Partners
Symcor state-of-the-art
paper processing
Even as the advent of electronic
banking has reduced the daily paper
flow processed by Canadian banks,
escalating customer expectations now
require faster, more accurate and
more efficient document processing
and settlement systems.
To meet these expectations, Bank
of Montreal, in conjunction with two
other major Canadian banks, has cre-
ated Symcor Services Inc. The
Symcor
joint venture harnesses the
most
advanced technology, implementing
the industry’s best practices to create
a company that can equal any docu-
ment processor in the world.
With nine processing centres
across Canada as the ultimate goal,
Symcor is becoming fully opera-
tional and is set to become a leader
in efficiency and effectiveness for
the North American financial ser-
vices industry.
Intense competition from traditional financial services companies and from
large international rivals is changing the face of banking in North America.
To maintain its leadership in this crowded and competitive field, Bank
of Montreal constantly seeks the most effective and efficient ways to deliver
relevant, value-added products and services to our customers. Often, those
solutions can be found in alliances or strategic partnerships that pool financial,
technical and human resources, effectively combining the strength and exper-
tise of each partner.