[ad_1]
[Image: Bank of Montreal]
Bank of Montreal is establishing a technology hub in North Texas with plans to expand the brand across the US.
In addition to its existing operations in the region, Bank of Canada, also known as BMO, plans to hire 50 new employees for its Irving group.
“This will be a living and breathing environment in the center where we want to continue to grow,” BMO’s chief information and operations officer, Sid DeLoach, told the Dallas Business Journal.
BMO’s 250-person DFW workforce increase
The new hires will boost BMO’s existing 250-person DFW workforce as the company looks to expand its technology offering to clients. Irving is currently home to the bank’s transportation finance group. DFW also hosts some of the company’s wealth and commercial sales businesses.
A BMO spokesperson told Dallas Innovates that in addition to its operations in the area, the company chose the location because of North Texas’ growing population and Texas’ popularity.
The move makes Chicago the first technology hub for BMO outside of its North Texas headquarters and its U.S. operations. Globally, the company has approximately 50,000 employees and approximately $820 billion in assets.
Banks bet on North Texas for technology
The announcement of the new Irving Technology Center will provide additional branches in the US as BMO prepares to acquire Western Bank of San Francisco later this year in a move to expand BMO’s footprint in the American West and Midwest regions. than in Canada, according to The Dallas Morning News.
BMO isn’t the only bank using North Texas as a hub for its technology operations. As DBJ notes, JPMorgan Chase and Bank of America both have a large tech presence in the region. And earlier this year, Pittsburgh PNC Bank opened a 200-person technology center at a Farmers branch, a move local president Brendan McGuire said will help the company “stay ahead of the curve in banking” by using “groundbreaking technology.” “Entrepreneurial Spirit”
Enter the list.
Dallas Innovates, every day.
Sign up to find out what’s new and what’s next in Dallas-Fort Worth every day.
Read next
-
PNC Bank has officially opened the North Texas Technology and Innovation Center in the Farmers Branch. Designed to foster a culture of collaboration, most of its 200 employees focus on developing and advancing PNC’s innovation and technology efforts. PNC calls it “the first center of its kind in Texas.” Take a look inside in our photo tour below.
-
You’ll find news from Jacobs, WINGS, TearLab, Activate Renewables, Streetlights Residences, The Exhibitor Group, Lear Investment Management and more at this week’s North Texas hiring and advertising roundup.
-
Headquartered in Richardson, Hedera has helped the Public Accounts Compliance Service “collect, store and manage” millions of data points in a UK government-sponsored trial. Working with London-based aviation technology company Neuron Innovations, he has pioneered the issue of safely sharing long-haul airspace with commercial, military and government drones.
-
The gender gap in computing is widening. In 1995, 37% of computer scientists were women, down from 24% today. State Farm is taking action to engage girls in science, technology, engineering and math with its new STEM summit. Registration is open until September 18.
-
North Texas has a lot to see, hear and see. Here are our editors’ picks. Plus, you’ll find our picks to “save the date.”
[ad_2]
Source link
