The Canadian Imperial Bank of Commerce (CIBC) has introduced a new platform to help its clients build their own financial plans.

Dubbed CIBC GoalPlanner, the new platform was launched to help Canadian stay connected with their long-term financial goals amid the Covid-19 pandemic.

The lender claims that the new platform turns insights into personalised plans to help clients keep their goals in sight.

The platform is currently available to CIBC Imperial Service clients.

Through CIBC Online Banking, clients can digitally kick-start financial planning. Then they can work with their advisor to gain insights for their long-term plans.

To track their progress anytime, they can use the CIBC GoalPlanner platform.

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The platform offers full visibility of the clients’ finances and shows opportunities, shortfalls and surpluses in cash flow, among other areas.

CIBC group head of personal and business banking Laura Dottori-Attanasio said: “The pandemic has affected the finances of many individuals and families, making it more important than ever before to have clear financial goals, and to stay connected to your progress toward achieving your ambitions.

“The path to reaching your goals is rarely a straight line. Coupled with great advice, CIBC GoalPlanner gives you the confidence that comes from having a comprehensive financial plan and the ability to track your progress digitally, whether your ambition is to own a home, help your kids pay for post-secondary education or save for retirement.

“As life changes, so will your financial goals and the path to get there. CIBC GoalPlanner simplifies the planning process and adjusts your financial plans to meet your evolving needs.”

Last month, CIBC laid off several portfolio managers, analysts and traders amid the Covid-19 pandemic.