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RBC maintains strong AI leadership position in financial services

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Ranks #3 overall and #1 in Canada for AI maturity out of 50 global banks

TORONTO, Oct. 17, 2024 /CNW/ – RBC (TSX: RY) (NYSE: RY) has ranked in the top three for the third straight year for artificial intelligence (AI) maturity among 50 global financial institutions in the Evident AI Index. The Index, first issued by AI benchmarking and intelligence platform Evident in January 2023, scores financial institutions across four key pillars: Talent, Innovation, Leadership and Transparency.

RBC was one of only two banks to rank in the top 10 across all four pillars and improved its year-over-year ranking in the two heaviest-weighted pillars – Talent and Innovation. New AI training initiatives for employees helped increase RBC’s ranking in the Talent pillar year over year. And the bank’s strong showing in the Innovation pillar was boosted by ongoing AI partnerships and their impact.

“We’re on a journey to redefine what a bank can do, and tapping into the full potential of transformational technologies like AI is a big part of that,” says Dave McKay, president and CEO, RBC. “RBC remains committed to building innovative, leading-edge solutions that deliver insightful and personalized client experiences, and have a meaningful impact in our clients’ lives. Our leadership position in the Evident AI Index reflects that. Congratulations to all the employees and teams who continue to play a role in our AI journey.”

RBC was an early adopter of AI with the 2016 launch of Borealis AI, a research institute that develops novel AI solutions addressing some of the most fundamental challenges in financial services. As AI technology has evolved, it has become a core strategic enabler for insights as to how we run our business.

“We believe that AI has the potential to change what a bank is capable of,” said Dr. Foteini Agrafioti, SVP, Data & AI and chief science officer, RBC. “Our responsible and ethical approach to AI is helping to simplify and digitize client interactions with us – saving time, enhancing security, adding convenience and reducing the anxiety they may have about their financial futures. We’re pleased to receive this recognition by Evident Insights for our ongoing AI work.”

A responsible and ethical approach
RBC is mindful of the risks around the use of AI and has invested heavily in ensuring the responsible development of AI tools, products and platforms. The bank recently formalized and published a set of Responsible Artificial Intelligence (AI) Principles that are part of the bank’s overall ESG commitment and sit at the centre of its AI endeavours, ensuring that high standards of accountability, fairness, privacy and security, and transparency continue to be upheld in all the bank’s AI efforts.

Innovation-led product development
With responsible AI at the foundation, RBC is building leading-edge solutions that have broad and meaningful impact for its clients. Recent developments include:

ATOM: This proprietary foundation model for financial services was trained using large-scale financial datasets, providing it with a breadth of knowledge in financial services. The in-house development and use of cutting-edge science will help enhance RBC’s ability to leverage our capabilities to derive unique insights and develop innovative solutions, all within a responsible AI framework.

Avion Rewards: Canada’s largest proprietary loyalty program, Avion Rewards, uses AI-powered personalization to offer members a more rewarding experience and seamless access to benefits. The personalized reward offers are made possible by leveraging ATOM to simplify and enhance how members engage with RBC’s internationally recognized loyalty program.

Lumina: We have developed an internal data and AI platform that enables RBC to build cutting-edge AI in a safe and scalable way. Lumina houses RBC data with high resilience and enables connectivity across our businesses. Online banking, portfolio management, risk modeling, and fraud detection are some examples of AI solutions enabled by the Lumina platform.

More informed lending decisions: The addition of AI can help us better understand, anticipate and address client financial needs beyond what a traditional credit model can provide. These enhancements can help create more value for clients.

These products are in addition to NOMI, a suite of capabilities that use data-driven insights to help clients stay on top of their finances; and Aiden, an AI-powered electronic trading platform built for our global clients. Aiden applies deep reinforcement learning to the constantly changing environment of equities trading.

Preparing employees for the future
RBC is ensuring its employees are ready for a future where AI may play a bigger role in their jobs. The bank has provided AI training for senior executives and is rolling out training to the broader employee population over the next several months, which will help guide employees through the key concepts of AI and generative AI, how these tools work and how to use them responsibly. Employees currently have access to a self-directed digital learning experience featuring a range of tools designed to build foundational knowledge in AI and generative AI.

RBC Technology’s annual Catalyst Conference brings together thousands of employees over two days for learning and inspiration with the 2024 session featuring more than 25 AI presentations and workshops. And Amplify, an immersive summer innovation program where students in the later years of their postsecondary education experience the opportunity to put their skills to the test to build a theoretical product that could solve tough business challenges, many of which involve solutions that use AI models.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 100,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 18 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/peopleandplanet.

For more information, please contact:
Briana D’Archi, RBC Corporate Communications

SOURCE RBC

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Forbes Names TCL One of the World’s Top Companies for Women in 2025

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SHENZHEN, China, May 12, 2026 /PRNewswire/ — TCL, a leading global technology company, announced its inclusion in Forbes’ 2025 list of the World’s Top Companies for Women, recognizing its success in building an inclusive culture and championing women in the workplace.

To compile the list, Forbes partnered with market research firm Statista to survey approximately 120,000 women working for multinational corporations in more than 36 countries. Each company’s score aggregates survey responses with a “public opinion score” that quantifies women’s gender perceptions of different companies, as well as data on women in executive and board positions. The list ranks 400 corporations with a significant global presence across at least two continents.

In addition to career advancement, TCL offers family-friendly benefits such as mother and baby rooms, extended paid maternity leave and childbirth allowances, along with women’s healthcare services including cancer screening and psychological counseling.

“Women’s empowerment is a core component of TCL’s globalization and sustainability strategy, linking our technological innovation with social development,” said Wei Xue, Vice President & Chief of the ESG Office at TCL Technology Group Corporation, and Chairperson of TCL Charity Foundation. “Our inclusion on Forbes’ list is a tribute to TCL’s long-term commitment to empowering women in the workplace and supporting their career development. We are honored to be included and proud of our track record of creating opportunity for all people.”

TCL operates in more than 160 countries and regions, engaging with local communities and respecting local cultural norms to empower women in the workplace. The company maintains its commitment to diversity and inclusion by assessing Environmental, Social and Governance indicators in its global subsidiaries and using this data to inform its employment policies.

TCL Extends Female Empowerment Mission Beyond the Workplace

Since 2018, TCL has partnered with FIBA, the world’s governing body for basketball, to promote female participation in the sport. The company has supported numerous global events and will continue its involvement with the upcoming FIBA Women’s World Cup in Germany in September and the 2027 FIBA World Cup in Qatar. 

Through the Huameng Foundation, a philanthropic initiative established by TCL’s founders, the company funds female-focused programs that have enabled nearly 1,000 young women from underprivileged families to complete high school and tertiary studies. The Foundation uses technology to advance its charitable causes, supporting community development in China and elsewhere.

In addition, TCL’s dynamic and long-running #TCLforHer campaign leverages technology, sports and education to empower young women and nurture their ambitions through a variety of community initiatives. The campaign shares stories of trailblazers who challenge assumptions and tear down boundaries, inspiring women everywhere to boldly defy stereotypes and fulfill their potential. 

#TCLforHer has received numerous international marketing honors for its storytelling prowess. In January 2025, it won a prestigious Silver Telly Award—a major prize in the global documentary and TV brand film sector—for its 2024 marketing campaign, which centers around two brand films produced by a predominantly female team. 

TCL’s inclusion on the Forbes list of the World’s Top Companies for Women marks an important milestone, affirming the company’s leadership in female empowerment and commitment to breaking the glass ceiling for women worldwide.

About TCL

Founded in 1981, TCL—short for “The Creative Life”—embodies creativity in every aspect of life. As a leading technology brand, TCL is dedicated to delivering innovative solutions—including TVs, smartphones, audio products, smart home devices, display technologies, and clean energy—that enhance customer experiences through two independent entities—TCL Industries and TCL Technology.

With 47 R&D centers and 40 manufacturing bases globally, TCL operates in over 160 countries and regions, cementing its position as a globally competitive smart technology brand. To further inspire greatness, TCL has become an official Worldwide Olympic and Paralympic Partner in the Home Audiovisual Equipment and Home Appliances category.

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SOURCE TCL

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BIT Supports Pawpathon 2026 as Title Sponsor, Championing Community Inclusion and Second Chances

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SINGAPORE, May 12, 2026 /PRNewswire/ — BIT participated as the Title Sponsor of Pawpathon 2026, a community initiative organised by HUG Community Services in collaboration with the Yellow Ribbon Project, held at Mandai Wildlife West.

The event brought together families, community partners, volunteers, beneficiaries, and members of the public for a morning focused on inclusion, encouragement, and community support. The programme featured a charity walk, therapy dog interactions, community performances, and appreciation activities recognising donors and partners supporting rehabilitation and reintegration efforts.

Guest of Honour Mr Chee Hong Tat, Minister for National Development, and Ms Elysa Chen, Member of Parliament for Bishan-Toa Payoh GRC, joined organisers, sponsors, and participants in supporting the event.

As part of the sponsor appreciation segment following the community walk, Mr John Ge, CEO of BIT, shared a short address reflecting on the importance of community support, inclusion, and showing up for one another.

“Pawpathon is more than just a walk. It is a community coming together for a common purpose,” said Mr Ge. “Second chances do not happen on their own – they require support, encouragement, and inclusion from the people around us. We are grateful to be part of such a meaningful initiative alongside the wider community.”

As a Singapore-headquartered company, BIT believes in contributing meaningfully to the communities it operates in through initiatives that promote inclusion, trust, and social cohesion.

BIT extends its appreciation to HUG Community Services, the Yellow Ribbon Project, volunteers, partners, and all participants who contributed to making Pawpathon 2026 a meaningful community event.

About BIT

BIT (formerly Matrixport) is a Singapore-headquartered global digital asset financial infrastructure and services group focused on building long-term financial infrastructure for modern investors. Built on integrity and trust, BIT bridges traditional finance and digital assets through disciplined governance, advanced technology and regulatory compliance.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/bit-supports-pawpathon-2026-as-title-sponsor-championing-community-inclusion-and-second-chances-302769158.html

SOURCE BIT

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Worldline and EcoFlow announce strategic partnership to power seamless global payments

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Clean energy leader to deliver a smooth checkout experience and accelerate growth across Europe and international markets

PARIS and DÜSSELDORF, Germany, May 12, 2026 /PRNewswire/ — Worldline, a European leader in payment services, and EcoFlow, a leading provider of smart home energy storage solutions, today announced a strategic partnership to enhance EcoFlow’s global payment infrastructure and accelerate its expansion across the US, UK, Europe and new international markets. EcoFlow has selected Worldline’s Global Collect platform to unify its global payment operations, enable local acquiring and deliver a seamless, reliable checkout experience for customers worldwide.

As EcoFlow enters its next phase of growth, marked by increasing transaction volumes and expanding customer demand, a high-performance payment system has become critical to ensuring a consistent user experience across regions.

Through this partnership, Worldline’s local acquiring capabilities across geographies will enable EcoFlow to boost authorisation rates, reduce cross-border payment friction and meet local compliance requirements with ease — ensuring customers enjoy a trusted and frictionless checkout experience regardless of their location.

As EcoFlow prepares for its next wave of expansion, Worldline will extend its local acquiring footprint into APAC, Latin America and additional regions as transaction volumes scale. Worldline’s advanced network tokenisation technology will further improve authorisation performance and significantly reduce false declines — an essential advantage for high-value clean energy products, where reliability and trust are key to the purchasing decision.

Stijn Gasthuys, Head of Global Commerce at Worldline, said: “As EcoFlow expands into new markets, they need a payments partner combining global execution with local expertise to deliver reliable, high‑performance payment experiences worldwide. At Worldline Global Collect, our ability to support complex international growth, together with our strong European coverage, made the difference.”

Yidan Yuan, Head of Europe at EcoFlow, added: “Delivering a seamless and reliable customer experience is at the core of everything we do. As our global business continues to grow, we need a payment infrastructure that can scale with us while maintaining high performance across markets. Our partnership with Worldline allows us to strengthen payment reliability, improve authorisation rates and ultimately provide a smoother experience for our customers worldwide.”

By investing in a more advanced and localized payment ecosystem, EcoFlow reinforces its commitment to customer-centric innovation, ensuring that as its clean energy solutions reach more users globally, the purchasing experience remains as intuitive, secure and efficient as the products themselves.

ABOUT WORLDLINE

Worldline [Euronext: WLN] is Europe’s leading operator of critical infrastructure and payment services. With a presence across the entire value chain, the Group offers its customers unique expertise in processing and securing their payments, thereby promoting their growth. Worldline is leveraging its 2030 strategic plan and its technological innovation capabilities to build the European reference payment partner for merchants and financial institutions. With over 1.2 million customers, Worldline achieved €4bn in revenue in 2025. worldline.com

Worldline’s corporate purpose (“raison d’être”) is to design and operate leading digital payment and transactional solutions that enable sustainable economic growth and reinforce trust and security in our societies. Worldline makes them environmentally friendly, widely accessible, and supports social transformation.

ABOUT ECOFLOW

EcoFlow is a global pioneer in eco-friendly energy solutions, driving the transition toward smarter, cleaner, and more independent power. Founded in 2017, EcoFlow is No. 1 in smart home energy storage solutions, empowering millions of users to take control of their energy at home and beyond. With operational headquarters in Seattle, Düsseldorf, Irvine, Tokyo and Birmingham, and a business and data center in Singapore, EcoFlow operates as a global ecosystem spanning research, operations, and manufacturing. Its innovative technologies serve over 5 million users across 140 markets and redefine how the world takes control of its energy. ecoflow.com

View original content:https://www.prnewswire.co.uk/news-releases/worldline-and-ecoflow-announce-strategic-partnership-to-power-seamless-global-payments-302769106.html

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