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Royal Bank Implements AI To Drive Growth
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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.
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Substantial official ROI guidance and product deployments drive relevance; limited technical depth and broader industry impact remain constrained.
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