In an era of unprecedented global mobility, national financial systems must adapt to welcome newcomers. However, the immigrant journey, often fuelled by aspirations, is frequently met with the harsh reality of financial exclusion. [Read more…] about BMO Helps Newcomers Make Real Financial Progress Through Nova Credit Partnership
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Gen Z is Tapping into AI for Help with Finance and Investing, BMO Index Finds
A growing number of Canadians are using artificial intelligence technology to help manage their finances and investments. [Read more…] about Gen Z is Tapping into AI for Help with Finance and Investing, BMO Index Finds
FinOps Market Map: Visualizing Canada’s Financial Operations Companies
The fintechs in this market map are companies that power the CFO’s office. They allow businesses to issue invoices, process payments, manage expenses & run payroll. These are behind the scenes tools that quite literally allow businesses to send & receive money. [Read more…] about FinOps Market Map: Visualizing Canada’s Financial Operations Companies
Earned Wage Access Gathers Support in Canada as Big Bank Adopts Fintech
ZayZoon this month raised $46 million for its “earned wage access” platform.
The platform “helps the millions of Americans living paycheck to paycheck get by between paydays and plan for the future,” ZayZoon cofounder Darcy Tuer says. [Read more…] about Earned Wage Access Gathers Support in Canada as Big Bank Adopts Fintech
BMO Partners With Georgian to Launch New Tech Investing Fund For Clients
Raise your hand if you’ve ever thought, if only I’d gotten in on the ground floor of Airbnb, Instagram, or any of the scads of breakthrough tech startups.
Now lower your hand and give yourself a break, because even if you’d had a pile of cash to invest, you still probably wouldn’t have had any way to get in before those companies went public. [Read more…] about BMO Partners With Georgian to Launch New Tech Investing Fund For Clients
BMO Recognized for Best Fintech Accelerator and Incubator
BMO’s Innov8 program has ranked first in the Best Fintech Accelerator and Incubator Award category at the recent 2022 Finovate Awards. [Read more…] about BMO Recognized for Best Fintech Accelerator and Incubator
At ‘Important Period of Momentum,’ FreshBooks Secures $100 Million to Grow Global
Accounting software pioneer FreshBooks announced this week that it has secured a USD $100 million syndicated debt facility. [Read more…] about At ‘Important Period of Momentum,’ FreshBooks Secures $100 Million to Grow Global
KOHO Launches Initiative To Help Canadians Fight Bank Fee Increases
This week, CIBC, TD, and RBC reported a 100% increase of profit for Q1 of 2021 compared to the same period last year, while BMO has almost doubled their profit.
Currently, 53% of Canadians live paycheque to paycheque. [Read more…] about KOHO Launches Initiative To Help Canadians Fight Bank Fee Increases
BMO Launches New AI Tool CashTrack Insight
To help customers improve their financial wellness, BMO Bank of Montreal has introduced its BMO CashTrack Insight – an artificial intelligence (AI) driven capability that identifies potential cash shortfalls and helps customers better manage upcoming expenses. [Read more…] about BMO Launches New AI Tool CashTrack Insight
BMO Announces New Technology & Innovation Banking Group
Canada’s technology sector is growing quickly and to help companies compete and grow in this burgeoning sector, BMO has introduced its Technology & Innovation Banking Group. [Read more…] about BMO Announces New Technology & Innovation Banking Group