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2019 reinventor finalist: BMO Financial Group

Our innovation is: "forward-looking, impactful, entrepreneurial"

— Peter Poon, Managing Director, Digital Product Management and Innovation, BMO Financial Group

Organization: 
BMO Financial Group

Finalist category: 
The reinventor

Industry: 
Financial services

What problem is the innovation trying to solve?

"The InnoV8 program is solving unmet customer needs through design thinking, rapid prototyping and customer co-creation methodologies. The scope is focused on the personal banking segment, with plans to scale across other lines of business. Investment is focused on solutions with a 12-24 month horizon of maturity."

— Peter Poon, Managing Director, Digital Product Management and Innovation, BMO Financial Group

The innovation:

"The InnoV8 program aims to reimagine the digital customer journey in anticipation of emerging trends and technologies. Outcomes are focused on accelerated commercialization of ‘seed stage’ concepts that drive tangible impact for customers, the bank and the broader ecosystem."

— Peter Poon, Managing Director, Digital Product Management and Innovation, BMO Financial Group

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