Connect with us

Technology

RBC maintains strong AI leadership position in financial services

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

TECNO Unveiled as Title Sponsor of The SAFF Championship Bangladesh 2026, Bringing AI Innovation to South Asian Football

Published

on

By

As Official Title Sponsor, TECNO joins hands with SAFF to inspire the next generation through football, innovation, and meaningful fan experiences.

DHAKA, Bangladesh, July 25, 2026 /PRNewswire/ — TECNO, an AI-driven innovative technology brand, officially announced its title sponsorship of the SAFF Championship Bangladesh 2026, South Asia’s premier international football tournament, during the tournament’s official launch ceremony in Dhaka.

Scheduled to take place from 4–17 November 2026, the championship will bring together South Asia’s leading national teams, celebrating the region’s passion for football while strengthening friendship, sporting excellence, and regional unity.

The partnership marks another milestone in TECNO’s global football journey while reinforcing the brand’s long-term commitment to South Asia—one of its most important strategic markets. Guided by its brand spirit, “Stop At Nothing,” TECNO believes football embodies the same values that define the brand: ambition, resilience, innovation, and the courage to pursue every dream.

A New Chapter for South Asian Football

The title sponsorship was officially announced during the SAFF Championship Bangladesh 2026 Official Launch Press Conference held in Dhaka. The event brought together representatives from the South Asian Football Federation (SAFF), the Bangladesh Football Federation (BFF), TECNO’s global and Bangladesh leadership teams, SAFF Member Associations, national team representatives, members of the diplomatic community, media, and digital creators to celebrate the official launch of the championship and TECNO’s role as its Title Sponsor.

Mr. Purushottam Kattel, General Secretary of SAFF, said: “The SAFF Championship represents the highest stage of football in South Asia, bringing together our Member Associations through competition, friendship, and a shared passion for the game. Today, as we unveil the identity of the SAFF Championship Bangladesh 2026, we are delighted to welcome TECNO as our Title Sponsor. This partnership reflects a shared commitment to elevating football across the region, and together we look forward to delivering a championship that inspires millions of supporters and creates lasting memories for South Asian football.”

Following the official logo unveiling ceremony, SAFF and TECNO exchanged the Title Sponsorship Agreement, formally launching their collaboration for the SAFF Championship Bangladesh 2026 and reaffirming their shared commitment to delivering an outstanding football experience for fans across South Asia.

A Shared Vision for Football

Delivering a recorded message during the ceremony, Guo Lei, General Manager of TECNO, reaffirmed the brand’s belief that football is a powerful platform for inspiring young people, connecting communities, and bringing innovation closer to fans.

“South Asia is home to one of the world’s youngest and most passionate football communities. Football has the unique power to bring people together beyond borders and cultures. We are proud to continue TECNO’s football journey through the SAFF Championship Bangladesh 2026 and look forward to working with SAFF to create unforgettable experiences for millions of football fans across the region.”

Speaking on behalf of TECNO Bangladesh, Rezwanul Hoque, CEO of Ismartu Technology BD Limited, said: “Football has become an important part of TECNO’s global journey because it reflects the values we believe in: passion, resilience, and the courage to dream bigger. Following our partnership with the Bangladesh Football Federation during the AFC Asian Cup Qualifiers, we are honoured to continue that journey as the Title Sponsor of the SAFF Championship Bangladesh 2026. Guided by our brand spirit, ‘Stop At Nothing,’ we look forward to working with SAFF and BFF to create a championship that inspires players, unites communities, and leaves a lasting legacy for football across South Asia.”

Welcoming the championship to Bangladesh, Mr. Fahad Karim, Vice President of the Bangladesh Football Federation (BFF), highlighted Bangladesh’s role as the host nation and officially marked the beginning of the journey toward the championship this November.

“Hosting the SAFF Championship 2026 is a proud moment for Bangladesh and an important milestone for football in our country. Today marks the beginning of our journey toward November, and we look forward to welcoming our fellow South Asian nations to Bangladesh for a championship that celebrates football, friendship, and regional unity. We are delighted to welcome TECNO as the Title Sponsor, and together with SAFF, our Member Associations, and our partners, we look forward to making this a memorable tournament for players, supporters, and the entire South Asian football community.”

TECNO’s Global Football Journey Continues

Football has been at the heart of TECNO’s global brand journey for nearly a decade. Through partnerships with Manchester City Football Club, the CAF Africa Cup of Nations, and the AFC Club Competitions, TECNO has consistently used football as a platform to inspire young people, connect communities, and celebrate the power of sport.

In Bangladesh, TECNO strengthened that commitment through its title sponsorship of the AFC Asian Cup Qualifiers in partnership with the Bangladesh Football Federation. The overwhelming passion shown by Bangladeshi supporters reaffirmed the country’s vibrant football culture and inspired TECNO to deepen its engagement with the sport.

The SAFF Championship Bangladesh 2026 represents the next chapter in TECNO’s football journey, reinforcing the brand’s commitment to South Asia and its rapidly growing community of young football fans.

Growing Together with Bangladesh

Bangladesh continues to be one of TECNO’s most important strategic markets. Alongside its growing smartphone business, the brand is expanding its AI ecosystem and strengthening long-term investments in retail, innovation, and local partnerships—reflecting its confidence in the country’s digital future and youthful consumer base.

Beyond technology, TECNO remains committed to empowering the next generation by supporting platforms that encourage ambition, creativity, and meaningful human connection.

Football Meets AI Innovation

Throughout the championship, TECNO plans to showcase AI-powered experiences designed to bring fans closer to the game. Powered by Ella, TECNO’s AI assistant, these experiences are intended to demonstrate how intelligent technology can enrich football engagement through interactive match information, smarter fan interactions, and immersive digital experiences.

By combining the emotional power of football with accessible AI innovation, TECNO and SAFF share a common vision of inspiring young people, strengthening communities, and creating richer experiences for football fans across South Asia.

As the countdown to November 2026 begins, TECNO, SAFF, and the Bangladesh Football Federation share a common ambition—to deliver a championship that celebrates the passion of South Asian football while inspiring the next generation through innovation, partnership, and the enduring spirit of “Stop At Nothing.”

Photo – https://mma.prnewswire.com/media/3007765/image1.jpg

Photo – https://mma.prnewswire.com/media/3007766/image2.jpg

Logo – https://mma.prnewswire.com/media/2724870/TECNO_Logo.jpg

View original content:https://www.prnewswire.com/in/news-releases/tecno-unveiled-as-title-sponsor-of-the-saff-championship-bangladesh-2026-bringing-ai-innovation-to-south-asian-football-302834662.html

Continue Reading

Technology

Tony Jaa Becomes GAC’s 30-Millionth Customer – GAC Wins Global Trust with “True Craftsmanship”

Published

on

By

GUANGZHOU, China, July 25, 2026 /PRNewswire/ — On July 16, at the roll-off ceremony for GAC’s 30-millionth vehicle, Feng Xingya, Chairman of GAC Group, handed over the key to the right-hand-drive GAC M8 PHEV (named GN8 overseas) to Tony Jaa. The milestone vehicle is headed straight for overseas markets.

Thai action superstar Tony Jaa’s choice reflects the trust of 30 million customers worldwide. That trust is built not on showmanship, but on GAC’s solid manufacturing “true craftsmanship.”

From Guangzhou to the world, there are no shortcuts – quality speaks for itself. While the industry runs standard “three-high” tests, GAC pushes further with “five-high, one-mountain, one-dust” extreme vehicle trials. New models undergo at least “two winters and one summer” of validation – a minimum 18 months of real-world road testing, covering 12 major categories and over 1,500 sub-items across wind tunnel labs and proving grounds.

For each overseas market, GAC conducts additional adaptive testing for local climate and road conditions – from Middle Eastern desert heat to Southeast Asia’s humidity and heavy rains.

Quality consistency starts at the smart manufacturing front. GAC’s AION Intelligent Eco-Plant is the world’s first “Lighthouse Factory” for new energy vehicles, featuring full-process digital quality monitoring. Automated robots with AI vision systems deliver millisecond response and millimeter-level precision – ensuring uniform quality whether vehicles roll off lines in Guangzhou or overseas plants.

Safety comes first. GAC’s magazine battery has been deployed in 1.5 million vehicles, accumulating over 160 billion kilometers of safe driving. The Starlink Safety Protection System serves nearly 2 million users, preventing 6.28 million potential incidents.

With this commitment to quality and safety, GAC has established a presence in 110 countries and won the trust of 30 million users. Standing at this new milestone, GAC will continue to refine its craftsmanship and deliver worry-free, high-quality mobility experiences to every customer worldwide.

For further information about GAC, please visit: https://www.gacgroup.com/en or follow us on social media.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/tony-jaa-becomes-gacs-30-millionth-customer–gac-wins-global-trust-with-true-craftsmanship-302834637.html

Continue Reading

Technology

Alisira OÜ Publishes Findings on Why Most Marketing Dashboards Miss the Metrics That Matter

Published

on

By

Alisira OÜ has published a set of findings examining why so many marketing dashboards continue to fail to surface the numbers that actually shape decisions. The review looks at the gap between the volume of data modern platforms can collect and the amount that actually gets used when a marketing team sits down to figure out what is supposed to happen next.

TALLINN, Estonia, July 25, 2026 /PRNewswire-PRWeb/ — A Widening Gap Between Data Collection and Decision-Making

What there is often a shortage of, according to Alisira, is a dashboard that actually connects the numbers it displays to a decision someone in the room is genuinely trying to make. That distinction is where most measurement setups tend to fall apart quietly. A dashboard can be full of activity metrics, things like impressions, click volume, and session counts, without ever getting around to answering the question a budget owner is really asking. That question is usually some version of whether a given effort is working and whether more resources should be put behind it. Engagement is easy to display. Revenue contribution by channel takes more work to calculate correctly, particularly once multiple touchpoints and delayed purchases are involved, so it is the piece that tends to be most often left out of the weekly report. However, it is also the piece that leadership actually cares about when the conversation turns serious.

Where Standard Dashboards Fall Short

Alisira’s review identifies several categories of metrics that tend to be underrepresented on standard marketing dashboards, even in cases where the underlying data would in principle be accessible:

Cross-channel attribution, as opposed to last-click or single-platform creditCustomer lifetime value by acquisition source, rather than only first-purchase conversion ratesTime-to-conversion, which is frequently collapsed into a single count with no indication of the lag that is actually involvedAssisted conversions, where a channel contributed to a sale without being the final touchpointCohort-based retention figures, in place of a single blended retention % that has a tendency to hide which groups are actually staying and which are quietly leaving

Part of the difficulty is traceable back to how fragmented most measurement setups tend to be in the first place. Only 32% of marketers globally measure their media spending across both digital and traditional channels, according to Nielsen, which leaves the majority of teams working from a partial view before the dashboard-design questions have even come into play. Alisira’s findings suggest this is less a tooling problem than it is a structural one. What most organizations lack, more often than not, is a single point in the workflow where channel-level data is reconciled before it reaches a decision-maker in a usable form.

Alisira OÜ frames these findings as part of a broader shift away from dashboards built to display everything a platform can track, toward dashboards built around a smaller, more deliberate set of numbers tied to what a team actually decides to do next. The company plans to continue publishing analysis on measurement practices and marketing reporting in the months ahead.

Media Contact

Norman Drew, Alisira OÜ, 372 53687131, info@alisira.net, https://www.alisira.net/

View original content:https://www.prweb.com/releases/alisira-ou-publishes-findings-on-why-most-marketing-dashboards-miss-the-metrics-that-matter-302833819.html

SOURCE Alisira OÜ

Continue Reading

Trending