Welcome to the new RBC Borealis space.
After close to a decade of trailblazing research, significant early investment and development in machine learning, Borealis AI is evolving. I’m thrilled to announce that we have joined forces with RBC’s data platform and architecture teams to form RBC Borealis, a group that brings together world-leading AI research and unparalleled expertise in data, AI, data science, engineering, and product development. Creating a single, focused unit that combines these areas of expertise will enhance our ability to build scalable, resilient solutions for RBC’s clients with the additional scale and impact of a top rate engineering team and data platform. Bringing these teams together will also continue to foster AI solutions for RBC clients based on a foundation of responsibility and integrity.
As AI technology has evolved and with the pace of development accelerating faster than ever, RBC has evolved along with it. We know that this new data and AI operating structure is the best way to harness the promise of AI, and scale the impact of this technology across our businesses.
This comes alongside a newly released Evident AI ranking. RBC 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 Borealis builds on Borealis AI’s legacy of success while allowing us to scale to new heights of innovation. With greater capabilities and bolder ambitions, RBC Borealis is ready to push boundaries of AI and make an even bigger impact in the lives of our clients and the communities around us. Stay tuned as we embark on this next chapter – the best is yet to come!