BMO’s Innov8 program has ranked first in the Best Fintech Accelerator and Incubator Award category at the recent 2022 Finovate Awards.
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.
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.”