RBC to generate up to $1B in enterprise value through AI

Date:

Share post:


Royal Bank of Canada is seeing increased efficiency and output through continued investment and deployment of AI.   The $1.1 trillion bank launched RBC Assist for 30,000 employees in the third quarter, Geoffrey Morton, senior director of fraud strategy at RBC, told FinAi News. This internal, gen AI-driven chatbot is designed to help employees perform functions ranging from checking company policies to writing code, Morton said. “Think of it as an internal ChatGPT trained on our bank’s data,” he said.  During the company’s fiscal […]



LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Where Will D-Wave Be in 1 Year?

D-Wave's rapid rise could be a dramatic fall over the next year if investors move away from...

Why SMBs Are Struggling to Find Talent

Their difficulties could foreshadow economic trouble in the coming year.

What is SIP Investment: How does it Work? #shorts #short #sip #systematicinvestmentplan #mutualfunds

Download the ffreedom app from the Play Store or App Store to learn more about this video -...