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Royal Bank Implements AI To Drive Growth
7.1
Royal Bank of Canada says its multi-year AI push is driving growth and expects CAD 700 million to CAD 1 billion in revenue and cost savings by 2027, executives told reporters in May 2025. The Toronto-based lender, which spends over CAD 5 billion annually on technology and operates an AI research center called RBC Borealis, has deployed platforms like Lumina and Aiden and created an AI Group led by Bruce Ross.
Key Points
- 1Reports show RBC projects CAD 700M–1B in AI-driven revenue and cost savings by 2027
- 2Investments include RBC Borealis research center, Lumina data platform, Aiden trading system and AI Group
- 3Practitioners should prioritize data platforms and RL/agentic tools to scale coverage and cut operating expenses
Scoring Rationale
Substantial official ROI guidance and product deployments drive relevance; limited technical depth and broader industry impact remain constrained.
Sources
Public references used for this report.
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