- BMO is the only financial institution to secure a spot as a
top 30 Best Workplace for Innovators
CHICAGO and TORONTO, July 18,
2023 /CNW/ - BMO is the only financial
institution named among the top 30 companies on Fast Company's
fifth annual Best Workplaces for Innovators list, honoring
organizations that demonstrate a commitment to encourage and
develop innovation company-wide.
Developed in collaboration with Accenture, the 2023 Best
Workplaces for Innovators ranks 100 winners from a variety of
industries, including entertainment, biotech, consumer packaged
goods, marketing, education, healthcare, and many more. Fast
Company editors and Accenture researchers collaborated to score
nearly 1,000 submissions, and a panel of eight distinguished judges
reviewed and endorsed the top 100 companies which foster a strong
culture of innovation by encouraging employees at all levels to
"discover, explore and invent."
"To thrive in a rapidly changing world, workplaces must actively
foster a culture that gives people space to innovate from a place
of courage and ingenuity," said Sean
Ellery, Head, Digital & Innovation, Commercial Banking
at BMO. "When leaders position challenges as learning
opportunities, it empowers everyone to experiment and take chances
on bold new industry-leading solutions that help our customers make
real financial progress."
"When it comes to innovation, effectively leveraging
cutting-edge partners and seamless integration with our clients,
BMO has made incredible progress in Commercial Banking, Technology,
Capital Markets, and Retail Banking across North America," said Brett Pitts, Head, North American Treasury and
Payment Solutions at BMO. "We work in one of the most
innovative spaces in financial services, and it's fantastic to be
recognized for fostering a workplace where we succeed in such a
dynamic environment in which the best people in the industry can
deliver cutting-edge experiences and technologies for BMO
customers."
At the heart of BMO's success are talented teams transforming
banking through innovation. BMO partnered with Chicago tech hub 1871 to create WMNfintech,
designed to bridge the gender gap in the startup and tech community
and give more women entrepreneurs the opportunity to bring
innovative technologies and products forward. BMO also launched an
Innovation Lab where employees can test and give feedback on new or
updated products and services.
BMO continues to deliver leading digital experiences that help
businesses grow and prosper. This recognition speaks to BMO's
commitment to high quality, frictionless banking services,
including:
- Automation: The BMO Developer Portal and APIs
provide BMO clients with an ever-growing menu of automation
capabilities that make integrating BMO into their day-to-day
banking tools more efficient.
- Self-serve support: ServiceNow lets BMO clients
easily access self-service support options, leaving support teams
free to focus on higher value support and advisory issues.
- Integrations: BMO Marketplace is a one-stop shop
for third-party partnerships, including Xero, that BMO clients can
connect with their accounts to create a more efficient and
customized banking experience.
- Payments modernization: BMO's DepositEdge Mobile
Deposit and Real-Time Payments (RTP®) Network help
Commercial and Business banking clients make real financial
progress by making payments simple and convenient.
For more information about the awards
visit: www.fastcompany.com/best-workplaces-for-innovators/list.
About BMO Financial
Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of
$1.25 trillion as of April 30, 2023. 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 over 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.
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SOURCE BMO Financial Group
