In Sunnyvale, California, Matterport, Inc. has announced that BMO, North America’s eighth-largest bank by assets, has adopted its digital twin platform to streamline property evaluations throughout its numerous locations, enhancing various banking sectors.
BMO serves a wide customer base, offering an extensive range of banking and financial services. Following its acquisition announcement of Bank of the West in December 2021, BMO faced the challenge of transforming and rebranding 503 retail branches, each needing technological upgrades and a new brand look.
To efficiently assess each location for rebranding and other modifications, BMO harnessed the capabilities of Matterport’s Capture Services. This service, provided by a global network of professional capture technicians, rapidly produced 3D digital models of every branch, including precise floor plans. In just three months, all 503 branches were digitally captured, saving on travel costs and approximately 6,000 hours of survey-related work.
Before this innovation, BMO’s team would have to make multiple visits to each site to plan the necessary design and technology updates to align with BMO’s branding standards. Often, they encountered the obstacle of missing critical documents like floor plans from the existing records, which posed an early challenge in the design process.
The bank also utilized Matterport’s exportable schematic floor plans to generate a comprehensive set of assets rapidly, cutting down the number of site visits needed. Lisa Near, BMO’s BOTW Program Manager for North American Physical Channels, shared that the implementation of Matterport’s technology was pivotal for the bank’s ‘Digital First’ approach, saving time, money, and minimizing branch disruptions.
Jay Remley, Matterport’s Chief Revenue Officer, highlighted the scale and accuracy that clients can expect from Matterport. He emphasized that the company’s extensive network of capture professionals can aid organizations globally in managing property transitions and operations more smoothly, enabling brands like BMO to become operational quicker with fewer resources.
Since the completion of the BOTW project, BMO has seen a surge in demand for the platform across various departments. With over 50 projects annually in the US, BMO anticipates continued reductions in branch visits while saving significant time, money, and reducing carbon emissions through Matterport’s comprehensive solutions.
Matterport stands at the forefront of digitizing the physical world, providing customers with advanced 3D digital twins that enhance the access, comprehension, and utilization of properties. The company’s innovative platform is transforming the way millions of buildings across more than 177 countries are managed throughout their lifecycle, including planning, construction, operations, and marketing.
