New York, NY —
Novantas, Inc., a privately held advisory, solutions and research company, announced today that BMO Financial Group (BMO) has engaged it to provide analytical models and technology to help the bank advance its product management and pricing infrastructure.
“BMO is committed to continuous improvement in evolving its products and pricing programs to meet the specific needs of individual customers and segments”, said Martin Nel, Vice President of Personal Products for Bank of Montreal. “Working side by side with Novantas, we will advance our processes and technology to deliver more sophisticated and tailored responses to the many needs of our diverse customer base. We expect a true partnership, leveraging Novantas’ global experience and pricing expertise.”
“BMO has an excellent reputation in meeting customer demands in the market, and we are excited to work with them on pricing architecture and solutions” says Darryl Demos, Head of Novantas Solutions. “Our best clients tend to be existing industry leaders who want to advance their technological capabilities to reflect the best in class practices from around the globe — we are excited to be in such a relationship with Bank of Montreal.”
Novantas, Inc. is the leader in customer science and revenue management strategy for the financial industries. A FinTech 100 Company, its Advisory Services, Analytical Solutions, Data, Research and Marketing Services specialize in investigating and interpreting customer needs, attitudes, and behaviors to help banks refine pricing, marketing decisions, customer
strategies, and sales and service activities, and to accelerate their immediate and ongoing economic performance. Novantas’s PriceTek® Optimization system is installed in more banks than all other competitors combined. For more information, visit www.novantas.com.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group has total assets of $593 billion and more than 45,500 employees as of January 31, 2014.
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