Personetics has announced the success of BMO’s Savings Amplifier offering. The BMO Savings Amplifier offering has helped tens of thousands of BMO customers set over 100,000 savings goal targets through the BMO Mobile app. BMO customers have rated the Savings Amplifier offering 4.7 out of 5 stars.
The exceptional rating reflects the programme’s effectiveness in helping customers achieve their savings goals and make real financial progress.
Go deeper with GlobalData
In 2022, BMO partnered with Personetics to build an AI-powered savings solution within its mobile banking app. With competitive interest rates, unlimited no-fee, self-serve transfers and no minimum balances or monthly fees, the BMO Savings Amplifier offering is designed to empower customers to take control of their savings journey by enabling them to open new savings accounts online, set personalised savings goals, establish automated transfers to advance their goals and monitor their progress through the BMO Mobile Banking app.
The transfers maintain a minimum balance selected by the customer
With a few clicks, customers can build savings and gain visibility into achieving their financial dreams, all directly within the familiar BMO Mobile Banking app.
Peter Poon, Head & VP, Digital Self-Service, Innovation & Technology, BMO, said: “This solution demonstrates BMO’s continued commitment to support evolving customer needs and empower them to make real financial progress. Collaborating with Personetics has helped us turn data into clear, actionable insights that empower our customers to conveniently manage their finances, and confidently achieve their financial goals.”
Jody Bhagat, President of the Americas at Personetics, commented: “Through automated fund allocation, goal-based targets and personalised nudges, Personetics is bringing leading solutions to BMO, helping them to empower their customers to save efficiently. BMO wanted a state-of-the-art personalised engagement solution, and our experienced team did even more by launching a programme that was simple and intuitive for customers.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
