Bank of Montreal's Harris Bankcorp, Chicago, is aiming a new customized cash management service at finance companies and others that service securitized loans.

The service, based on work that the bank does for Olympic Financial Ltd., Minneapolis, is designed to funnel incoming payments to various trustee accounts through a single lockbox site.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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