Innovation

BMO intros Financial Progress Hub

Photo: Adobe Stock

November 14, 2023

BMO launched its Real Financial Progress Hub to offer financial advice, tools and resources for customers. It can help customers budget, set goals and connect customers to other services, according to a press release.

The hub can help customers create a 50/30/20 budget by dividing income into spending categories, as well as provide guidance for big events such as purchasing a home or retiring.

"For the first time, our customers can explore any financial goal and even multiple goals at once — whether it's budgeting, saving, homebuying, retiring, building credit and more — from one easy-to-navigate digital platform. We have brought all of our personal finance resources into one convenient spot to make financial progress easier," Paul Dilda, head of U.S. consumer strategy at BMO, said in the release. "As we welcome new customers across the Western United States to BMO, we are proud to bring them our innovative products and services that were built with customers' progress in mind."