BMO Recognized for Best Fintech Accelerator and Incubator at the 2022 Finovate Awards
TORONTO, 29 September 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 delivering leading digital experiences for clients that help them make real financial progress.
Finovates Best Fintech Accelerator and Incubator Award recognizes an accelerator or incubator that consistently nurtures high-quality fintech companies and supports them on their innovation journey. BMO’s first-place ranking reflects its consistent delivery of high-quality fintech solutions and its support for the wider 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 Services and Innovation, BMO. “BMO’s Innov8 program allows us to design, test and, in many cases, commercialize market-leading concepts that exceed our customers’ evolving digital expectations.”
BMO was also a finalist in Best customer experience solution category for Automated digital registration 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 improve 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 capabilities.
The Finovate recognition adds to BMO’s market-recognized track record of digital innovation, including:
About BMO Financial Group
Serving clients for 200 years and counting, BMO is a highly diversified financial services provider – the eighth largest bank, by assets, in North America. With assets under management 1.07 trillion dollars per 31 July 2022and a team of diverse and highly engaged employees, BMO offers a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million clients and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
SOURCE BMO Financial Group
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