Canada’s largest lender is using the platform, which can analyze over 13 million client records in 20 minutes, to improve trading execution and reduce client calls. (The Logic)
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Canada’s largest lender is using the platform, which can analyze over 13 million client records in 20 minutes, to improve trading execution and reduce client calls. (The Logic)
Talking point: This is part of a broader tech push underway at RBC. The firm is launching a digital bank in the U.S., has filed AI patents on purchase prediction and explored a cryptocurrency platform for investments and online sales. Improvements in cloud technology provide the backbone that could aid in those efforts and many more. “It will help with modelling for customer service, fraud, risk, and financial advice – providing the ability to run numerous simulations and ascertain AI model behaviour, sensitivity, fairness, and performance in record speeds,” said RBC spokesperson Stephanie Bannan.
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