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BMO Harris Bank Partners with Fintech Startup SpringFour

SpringFour was one of three winners of last year’s BMO Harris/1871 FinTech Partnership program

 

CHICAGO, IL, August 7, 2018 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.”

 

About BMO Harris Bank

BMO Harris Bank provides a broad range of personal banking products and solutions through nearly 600 branches and fee-free access to over 40,000 ATMs across the United States. BMO Harris Bank’s commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. For more information about BMO Harris Bank, go to the company fact sheet. Banking products and services are subject to bank and credit approval. BMO Harris Bank N.A. Member FDIC. BMO Harris Bank is part of BMO Financial Group, a highly diversified financial services provider with total assets of CDN$744 billion (as of April 30, 2018), and more than 45,000 employees.

 

About SpringFour

SpringFour is a Certified B Corporation and social impact FinTech company focused on bringing financial health resources to consumers through innovative call center and direct to consumer applications that are used by the financial services industry. Every year SpringFour’s suite of products provide more than 1 million referrals to local resources and financial health solutions that help consumers improve cash flow, payment performance, and financial wellness.  

With nationwide coverage and over 11,000 vetted resources, no other company provides the depth and breadth of reliable data and go-to-knowledge for consumers who need help managing cash flow. For more information, visit www.springfour.cc

For further information: Emily Penate, Chicago, Emily.Penate@bmo.com, (312) 461-7956

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