RBC aims $1B revenue boost by embedding AI across banking operations by 2027

Royal Bank of Canada (RBC) is integrating AI deeply into its core banking operations, targeting up to $1 billion in AI-driven value by 2027. The bank uses AI tools to speed up software development, automate workflows, and enhance capital markets research with its Aiden platform, significantly increasing analyst productivity and report generation speed. RBC has centralized AI efforts under a dedicated group and leads globally in AI maturity among banks, supported by its proprietary AI model ATOM. This strategic AI adoption positions RBC as a leader in banking innovation and efficiency gains.