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BMO is transforming the future of banking – and we’re getting recognized for it 

March 21, 2024 | Recognition

While banks may not traditionally have been viewed as innovators, BMO is committed to changing that. Leading with a Digital First mindset, we take an innovative approach to providing digital strategies and tools that help customers make real financial progress.  

That innovative approach has been recognized by Fast Company, which recently named BMO one of the World’s Most Innovative Companies of 2024.

This prestigious annual global ranking evaluates companies across 58 industries on four criteria: innovation, impact, timeliness and relevance.

BMO was named as a leader in the Personal Finance category in 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 also noted the transformative impact of our revamped Canadian digital banking experience, which led to new highs in customer satisfaction.  

“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. 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.” 

– Erminia (Ernie) Johannson
Group Head, North American Personal and Business Banking, BMO 

Fast Company highlighted BMO’s U.S. Real Financial Progress Hub, which brings together all of BMO’s financial resources in one platform, as well as several innovative Canadian digital tools that help customers with everything from saving money to setting up finances in a new country. 

“This recognition underscores the innovation we are driving for customers on our quest to help them make real financial progress. 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.”

– Mathew Mehrotra
Chief Digital Officer and Head of Canadian Products, North American Personal and Business Banking 

BMO InnoV8 was also recognized. Launched in 2017 with the goal of exploring, testing and accelerating the commercialization of “seed stage” technologies that enhance the customer experience, this digital innovation platform has enabled the launch of many of BMO’s leading digital capabilities.  

We’re proud to be leaders innovating in the financial services space – and we’re committed to finding the best new ways to help customers make real financial progress.

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