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How BMO’s AI and analytics expertise is growing the good – in business and in life

August 24, 2023 | Growth

With the emergence of ChatGPT, the world has been abuzz about artificial intelligence (AI), data and analytics – and BMO is at the forefront of these advancements. Through innovative partnerships and sponsorships, BMO is demonstrating how AI and analytics is the way of the future.

Using AI, responsibly

BMO’s digital first model uses speed and scale to drive progress for our customers, unlock the power of our people and deliver loyalty, growth and efficiency. This includes the use of AI with a focus on application-centric innovation, like the use of natural language models, cashflow forecasting and chatbots to drive real business outcomes. These powerful tools help employees perform their roles with greater speed, scale and precision, and provide customers with insights that power real financial progress.

Equally important to what is delivered, is how it is delivered. BMO takes a responsible approach to AI – one that includes the guardrails the public, partners and regulators expect from a financial institution.

Fuelling innovation

A strong AI ecosystem helps build strong businesses. BMO supports businesses across North America with the capital they need to grow, drive innovation, and create jobs – and we’re also delivering on our Purpose to Boldly Grow the Good in business and life. We sponsor, partner with and provide subject matter expertise for organizations and tech accelerators across North America, including:

  • Vector Institute: A globally renowned AI Institute enabling businesses to responsibly adopt and accelerate AI. Along with supporting the AI ecosystem and anchoring to our analytics strategy focus, BMO has consistently partnered with the Vector team to advance our AI-enabled solutions through technology transfer, talent attraction, and training and upskilling.
  • Creative Destruction Lab (CDL): A non-profit organization that delivers a mentorship program for massively scalable, seed-stage science and technology-based companies. BMO’s partnership with CDL-Montreal helps AI and data science businesses grow into high-growth companies.
  • NEXT AI: A founder development network for entrepreneurs looking to solve global challenges with AI-based ventures and technology commercialization. BMO is a founding sponsor of Next AI, engaging to help identify and support early-stage ventures, which receive access to resources, mentorship education and the network they need to succeed. 
  • Autism in Mind (AIM): A Toronto-based registered charity that provides programs and services for children with autism to develop their communication, social and learning skills. BMO launched a pilot program to leverage analytics that will address operational pain points, enabling AIM to provide an even greater service to the communities where they operate.

“Boldly Growing the Good in business and life is BMO’s Purpose, our north star. These partnerships are just a few examples of how BMO uses and supports AI and analytics to grow our economy, improve services, support communities and promote a more inclusive society. BMO is committed to leveraging the power of data and analytics to continue helping businesses and communities grow through AI and innovation.”

– Eric Morrow
Managing Director, Enterprise Data Science & AI, Enterprise Data & Analytics, BMO

Find out how BMO is Boldly Growing the Good in business and life for our clients and communities.

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