On August 1st we launched with our newest subscriber, BMO Harris Bank. Deploying SpringFour in both mortgage servicing as well as on their website, BMO Harris customers will now have access to local, vetted resource referrals which will assist them on their path to financial wellness.
Last year, when we were selected as one of six FinTech’s for the BMO Harris/1871 Fintech Partnership Program, we knew it was a going to be a great experience. And it absolutely was. We were paired with senior executive mentors within the bank who saw the potential in the SpringFour platform. They provided invaluable expertise around our value proposition, navigating and working with a large financial institution, and providing access to other key executives in compliance, CRA, and customer service so we could gain valuable feedback. At the end of the program, we were honored to be selected as one of the winners but were most excited by the opportunity to continue exploring a long-term partnership that could be a win for both of our organization and for BMO Harris consumers.
As one of our mentors, Ben Schack, Managing Director & LTO, US Lending & Collections, BMO Financial Group stated, “SpringFour was a top three finalist in our 2017 BMO Harris Fintech Partnership Program due to their unique value proposition, genuine focus on financial wellness, and ease of deployment. We continue to be excited about their results and their potential for further impact.”
Over the past year, we have been able to work with BMO Harris to advance our partnership forward, continuing to benefit from the relationships we established through the 2017 BMO Harris Fintech Partnership Program. It has been a tremendous experience to work with numerous BMO Harris team members and executives, and we are continually impressed by their commitment to their customers and to innovation.
“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, the head of U.S. personal and business banking at BMO, in a statement. “We are committed to aiding customers in their journey to achieve and sustain financial stability.”
The news of our partnership was picked up by a variety of media outlets including American Banker, Crain’s Chicago Business, Chicago Business Journal, and Chicago Inno. And you can read the press release here.
We look forward to continuing our work with BMO Harris Bank and the impact that we will create together. At SpringFour, we value the opportunity to innovate with leading organizations who believe financial wellness is in everyone’s best interest.
If you want to learn more or see a demo, don’t hesitate to reach out to Katie.
Rochelle Nawrocki Gorey