One of North America’s biggest banks this month launched a digital goal-planning platform to help clients create personalized strategies toward achieving financial milestones.
The Bank of Montreal has unveiled My Financial Progress, which is designed to help clients build adaptive long-term plans, gain comprehensive insights into their finances, and access tailored tactics—whether you’re saving for your first home, planning to retire, or looking to make a big purchase.
“With My Financial Progress, BMO is giving Canadians a powerful tool to take control of their financial future by combining personalized planning, real-time insights, and the flexibility to adapt as goals and circumstances change,” commented Gayle Ramsay, who heads Everyday Banking and Customer Growth for BMO.
“Whether it’s saving for a milestone or building long-term wealth, this innovative tool helps our clients stay on track, make confident and informed decisions, and make real financial progress,” Ramsay said.
My Financial Progress, powered by tech from Winnipeg’s Conquest Planning, is now available for all clients using BMO’s Mobile Banking app and Online Banking, and joins a suite of digital tools and resources from BMO.
This suite includes BMO SmartProgress, which helps customers learn more about important personal finance topics and build financial literacy via tailored interactive content.
There is also BMO Insights, which gives clients a richer view of their daily transactions, and CashTrack, which uses AI models to predict cash flow concerns ahead of time.
Last year, BMO Insurance launched an AI-powered digital assistant “designed to enhance the field underwriting process for life insurance advisors.”
The digital assistant, integrated with Microsoft Azure OpenAI Service, provides advisors with a digital solution to help meet clients’ needs.
Generative AI “offers tremendous opportunities” for fintech, according to Chris Barry, President of Microsoft Canada.
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