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Stock impact report

BMO Accelerates Branch Transformation at More Than 500 Locations Nationwide Using Matterport Digital Twins

Matterport, Inc. - Class A (MTTR) 
Company Research Source: GlobeNewswire
SUNNYVALE, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) announced that BMO (NYSE: BMO), the eighth largest bank in North America by assets, has leveraged Matterport’s digital twin platform to streamline site visits across its physical footprint for multiple areas of the bank. BMO provides a broad range of personal and commercial banking, wealth management, global markets, and investment banking products and services to 13 million customers. In December 2021, BMO announced its plans to acquire Bank of the West (BOTW). Part of that process included transforming 503 BOTW retail branches to BMO, each of which required rebranding and technology updates. With a need to review each of the locations to create plans for rebranding and other work, BMO utilized Matterport’s Capture Services, the company’s global network of expert capture technicians, to swiftly generate 3D digital twins of each space, including accurate floor plans. In Show less Read more
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