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

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 -...

ProveX Digital Trust Exchange Launches

Prove, a digital identity services provider, has launched ProveX, a digital trust exchange that enables enterprises to...

LLMs are not your AI strategy

If you lead a bank today, you are almost certainly hearing some version of the same message from every...

When $50 Costs You $500: The Coming Social Security ‘Income Cliff’

If you’re one of the 71 million Americans receiving Social Security, you’re about to get a raise....