TEAM 1
OMERS launches financial FitBit to its members.

By Katharine Schwab
OMERS and OMERSDigital launched an exciting new financial interface, named PensionBit. With PensionBit, members can access a holistic view of all their finances, including banking, credit cards loans, and their pension with one convenient sign-on. Integrated services help simplify buying decisions and give members a window into what their future finances look like. CEO says “Members can now feel confident in their future. We’re enabling smarter, easier buying decisions and taking the confusion out of personal finances.”
— OMERS CEO
PensionBit works through a mobile application, which leverages partnerships with major financial institutions such as TD and Scotiabank to help members access all their financial information in one place. Members can set trackers, alerts and automatic savings and watch their pension grow in the same place as their day to day spending. A member in the pilot program says: “OMERS cares about my whole wellbeing and I can see all my finances in one place!”

MVP idea
Objectives
Key Results
- Engage 10 members to test the idea
- Generate 5 concept designs (paper prototypes are ok!)
- Iterate until 8/10 members give a 4/5 rating
Team Commitments
- Have discussions about the concept
- Research and design
- Resources to collect data for after call survey
- In day to day interaction ask about it
- Funding
- Have discussions and talk about the idea
- Have discussions and talk about the idea
- Ask about the idea
- Research alternatives
- Time + resources with implementation of after call surveys
- Ask people about the idea
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