TORONTO, Sept. 29,
2022 /CNW/ - BMO's Innov8 program has ranked first in
the Best Fintech Accelerator and Incubator Award category at the
recent 2022 Finovate Awards. The recognition reflects BMO's
commitment to deliver leading digital experiences for customers
that help them make real financial progress.
Finovate's Best Fintech Accelerator and Incubator Award
recognizes an accelerator or incubator that consistently nurtures
quality fintech companies and supports them on their innovation
journey. BMO's first-place ranking reflects the consistent delivery
of high quality fintech solutions and its support of the broader
innovation ecosystem.
"This recognition is a testament to our value-oriented approach
to innovation, focused on developing leading digital experiences
that help customers make real financial progress," said
Peter Poon, Head of Canadian Digital
Service and Innovation, BMO. "BMO's Innov8 program allows us to
ideate, test, and, in many cases, commercialize market-leading
concepts that exceed our customers' evolving digital
expectations."
BMO was also a Finalist in the Best Customer Experience
Solution category for the Automated Digital Enrolment
solution, which was recognized for accelerating digital onboarding
and engagement.
BMO InnoV8 Initiative
BMO's InnoV8 initiative was launched in 2017 with the goal of
exploring, testing, and accelerating the commercialization of "seed
stage" technologies that enhance the customer experience. The BMO
Innov8 program has been behind the launch of many of BMO's leading
digital capabilities, including CashTrack, CalendarPay, and
QuickPay features.
The Finovate recognition adds to BMO's market-recognized track
record for digital innovation, including:
- Canada Mobile Banking Emerging Features Benchmark rankings
(2022)
- BAI Global Innovation Awards (2022)
- Celent Model Bank Awards (2020)
- Business Transformation and Operational Excellence Industry
Awards (BTOES) (2020)
About BMO Financial Group
Serving customers for 200
years and counting, BMO is a highly diversified financial services
provider - the 8th largest bank, by assets, in North America. With total assets of
$1.07 trillion as of July 31, 2022, and a team of diverse and highly
engaged employees, BMO provides a broad range of personal and
commercial banking, wealth management and investment banking
products and services to more than 12 million customers and
conducts business through three operating groups: Personal and
Commercial Banking, BMO Wealth Management and BMO Capital
Markets.
SOURCE BMO Financial Group