Three of the biggest Canadian banks have taken back-office outsourcing to a new level with a cooperation agreement that could foreshadow similar technological alignments among U.S. banks.

The Canadian institutions - Royal Bank of Canada, Bank of Montreal, and Toronto Dominion Bank - announced their intention last week to form a joint check processing venture.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.