BMO Harris Bank Logo (CNW Group/BMO Harris Bank)

Bank of Montreal US-subsidiary BMO Harris Bank is partnering with fintech startup Hope Trust. The fintech is notable for piloting a technology-enabled care plan for family members with special needs. Indeed, Hope Trust is the first digital life care and trust planning platform created for individuals with special needs. Specifically, the platform enables users to develop a personalised special needs care plan. Furthermore, this can be accessed and managed by family members, friends and care professionals.

Hope Trust says that its plans incorporate important legal, financial, government benefit and succession planning aspects. Moreover, they can be modified at any time to reflect the changing needs of the special needs individual.

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Hope Trust: holistic planning solution

“The Hope Trust platform was created to address the unique and ever-changing requirements of loved ones with special needs. It offers the holistic planning solution that has been sought by many such families,” says Daria Placitella, CEO Hope Trust.

“Our partnership with BMO, and their willingness to provide our services to their clients at no cost, demonstrates their dedication to this often-overlooked community. We look forward to serving both their current and prospective clients.”

The partnership marks BMO’s latest step to continue to build and invest in technology to transform the banking experience with customer experience a top priority.

BMO Harris to sponsor 20 clients

The bank will sponsor 20 clients with one-year licences of Hope Trust’s platform as part of the pilot.

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“BMO looks for innovative solutions to better serve our clients,” says Amy Griman, national head of trust & estates, BMO. “Working with Hope Trust to create digital care plans for our clients with loved ones with special needs is one more way we’re trying to Boldly Grow the Good in business and life.”

Last year, Hope Trust participated in BMO Harris Bank’s and 1871’s fintech industry programme for women-founded startups, WMN•FINtech. According to Hope Trust, there are some 32 million US families with a family member with special needs.

BMO Harris runs over 500 branches across the US with total assets of about C$973bn ($780bn).