BMO Financial Group
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BMO Financial Group

March 25, 2015 06:00 ET

BMO Recognized by Celent as a Model Bank for Excellence in Digital Banking

- Award follows the launch of BMO Banking & InvestorLine iPad app

TORONTO, ONTARIO--(Marketwired - March 25, 2015) - For the third consecutive year, BMO Bank of Montreal has been recognized by global financial services research firm Celent with a 2015 Model Bank Award for excellence in the digital banking category.

"As the role of digital accelerates in our customers' lives, the expectations of what banks deliver in the digital space increases as well," said Cesar Rainusso, Vice-president, Digital Channels, BMO Financial Group. "Over the past few years we've made the digital channel a top priority and invested to ensure we can help meet the changing demands of our customers, and this award is a reflection of those efforts."

Mr. Rainusso added that over the past year, customer adoption and engagement in the mobile banking channel has grown significantly. Active mobile users have increased by 80 per cent, and monthly logins and transactions are up by 80 per cent and 107 per cent, respectively.

The annual award program selects 'model banks' and recognizes them for their achievements in the strategic development, effective deployment, and business and customer impact of banking technology.

"We are delighted to present BMO with a Model Bank Award in digital banking," said Bob Meara, Senior Analyst, Celent Banking Group. "BMO continues to demonstrate best practices in the digital space by offering their customers a simple, yet value-driven experience."

Earlier this year, BMO launched the first integrated banking and self-directed investing app for iPad from a major Canadian bank, providing customers an immediate and simplified way to track and manage their money.

BMO Banking & InvestorLine is available for free from the App Store on iPad or at www.AppStore.com. The BMO Mobile Banking App is also available free from the App store, BlackBerry World or Google Play.

To learn more about how the BMO Banking & InvestorLine app can help easily manage both banking and self-directed investing needs, please click here.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had total assets of approximately $672 billion and more than 47,000 employees at January 31, 2015.

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