BMO Harris Bank Partners with Fintech Startup SpringFour

BMO Harris Bank today announced its partnership with SpringFour, a financial wellness platform that helps improve payment performance, reduce delinquencies and increase customer engagement by connecting customers with appropriate non-profit resources in their area.

SpringFour’s technology platform connects customers facing financial difficulty with trusted local, state and national resources. SpringFour has built a robust list of resources over the last decade helping people get up to date with their payments. The platform is easy to navigate; with a simple search by zip code, it provides people with various resources in their respective area willing to assist them. SpringFour’s mission is focused on helping people harness financial health. BMO Harris customers will have access to SpringFour's resources through the bank's website at bmoharris.com/findhelp.

“We are excited to take a step forward in enhancing the level of financial support we offer our customers by leveraging SpringFour’s resources,” said Ernie Johannson, Group Head, U.S. Personal and Business Banking, BMO Harris Bank. “We are committed to aiding customers in their journey to achieve and sustain financial stability.”

SpringFour was one of three winners in last year’s BMO Harris/1871 FinTech Partnership program. Additionally, the startup was also a finalist of the BAI Global Innovation Awards, Bank Director's FixXTech Award for Most Innovative Solution of the Year and were chosen as the Top Venture for the Points of Light Civic Accelerator.

BMO is building a better all-around customer experience by focusing on a digital transformation that includes enhanced digital capabilities and leverages partnerships that ultimately complement the existing strengths within the bank. The mentorship program is currently in its second year working with a new cohort of startups to find the correct partnerships that fit with BMO’s digital priorities.

“We are excited to bring SpringFour to BMO customers because we know that by offering targeted local resources to people when they need financial help, we can help get them back on track with their payments and create opportunities for savings,” said Rochelle Nawrocki Gorey, Co-Founder and CEO, SpringFour. “Our solution aligns with BMO’s strong emphasis on customer experience and will create more meaningful conversations between employees and customers.”

Published: 14 August 2018

Source: newsroom.bmo.com


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