Canada NewsWire
TORONTO and CHICAGO, March 21, 2024
TORONTO and CHICAGO, March 21, 2024 /CNW/ - BMO has ranked among Fast Company's list of the World's Most Innovative Companies of 2024 – the only Canadian and U.S. bank recognized out of more than 600 winning organizations. Recognized in the Personal Finance category, the award is global recognition of BMO's innovative digital products, tools and resources to help customers make real financial progress in Canada and the United States.
Fast Company evaluated businesses across 58 industries in every region of the world as part of its monthslong process according to four criteria: innovation, impact, timeliness and relevance. Winners must have proved they lead their fields and are transforming the world. Under the Personal Finance category, BMO is recognized for "revamping its digital banking experience and modernizing the underlying technology, leading to new highs in customer satisfaction, triple digital percentage improvements, task completion, and digital product application volumes".
"Being recognized among the most innovative companies in the world is a testament to Team BMO leading with a digital-first mindset to deliver best-in class, convenient banking experiences that power real financial progress for our customers," said Erminia (Ernie) Johannson, Group Head, North American Personal and Business Banking, BMO. "Our team innovates our products, services and resources to make managing money and saving easier – and it is remarkable to be recognized for our industry-leading digital capabilities that empower customers across North America."
BMO's innovative digital products, tools, and programs recognized by Fast Company include:
"This recognition underscores the innovation we are driving for customers on our quest to help them make real financial progress," said Mathew Mehrotra, Chief Digital Officer and Head of Canadian Products, North American Personal and Business Banking. "By starting with a commitment to meeting customers where they are with experiences that meet their evolving needs, we are making banking easier while improving our customers' financial lives."
In addition to the digital capabilities recognized by Fast Company, the following BMO low- and no-cost offerings are also available to customers in Canada and the United States:
Canada:
United States:
To learn more about all products available in both countries, click here.
Fast Company also recognizes BMO's personal finance resource, the Real Financial Progress Hub
BMO's digital Real Financial Progress Hub – which was launched in late 2023 in the U.S. and will be expanded to Canada this summer – is a resource that allows customers to easily access personal finance advice and guidance, as well as tools and resources to reach their own specific financial goals. In addition to helping customers budget and set financial targets, the resource connects customers to BMO's innovative products and services available throughout the United States.
BMO's Real Financial Progress Hub helps customers:
For more information about the awards, visit https://www.fastcompany.com/most-innovative-companies/list.
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.3 trillion as of January 31, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
View original content:https://www.prnewswire.com/news-releases/bmo-recognized-among-fast-companys-2024-list-of-worlds-most-innovative-companies-302095469.html
SOURCE BMO Financial Group
View original content: http://www.newswire.ca/en/releases/archive/March2024/21/c2453.html