AI index slices · computed from bank profiles via the AI index; nothing on this page is written by a model. All ranked answers: /banks/leaders
On the public record as of Oct 28, 2026, 4 of the 141 large banks profiled are Canadian banking groups profiled on this site. Ranked by AI index score (/100), the top 4 are RBC (79.9 index points), Scotiabank (75.3 index points), TD Bank Group (75.1 index points) and BMO Financial Group (72.9 index points). RBC's strongest evidence: Index score 79.9/100: 11 of 15 use cases in production, platform Lumina, ATOM and RBC Assist, 19 independent of 47 sources.
141 banks profiled (120 US, 21 non-US) · 4 with matching evidence · ranked answer, not a comparison
Which of the Canadian banks lead in AI?
| # | Bank | AI index score (/100) | Index components | Status | Date | On this site | Sources |
|---|---|---|---|---|---|---|---|
| 1 | RBC | 79.9 | Index score 79.9/100: 11 of 15 use cases in production, platform Lumina, ATOM and RBC Assist, 19 independent of 47 sources | AI programme disclosed | Oct 19, 2026 | RBC profile → | Royal Bank of Canada (CNW via Yahoo Finance) ↗ · Royal Bank of Canada (CNW via Yahoo Finance) ↗ |
| 2 | Scotiabank | 75.3 | Index score 75.3/100: 12 of 17 use cases in production, platform Scotia Intelligence and Scotia Navigator, 13 independent of 39 sources | AI programme disclosed | Oct 19, 2026 | Scotiabank profile → | Scotiabank (CNW via Yahoo Finance) ↗ · Scotiabank (CNW via Yahoo Finance) ↗ |
| 3 | TD Bank Group | 75.1 | Index score 75.1/100: 8 of 15 use cases in production, platform Layer 6, TD AI Prism and the agentic RESL model, 23 independent of 50 sources | AI programme disclosed | Oct 28, 2026 | TD Bank Group profile → | TD Bank Group ↗ · American Banker ↗ |
| 4 | BMO Financial Group | 72.9 | Index score 72.9/100: 12 of 17 use cases in production, platform BMO Institute for Applied AI & Quantum, Lumi and Aura, 10 independent of 47 sources | AI programme disclosed | Oct 13, 2026 | BMO Financial Group profile → | BMO Financial Group ↗ · BMO Financial Group ↗ |
Each row quotes one record from bank profiles via the AI index; the “On this site” link opens the bank's own page or sub-page with every source. Banks absent from the table have nothing matching on the record this site holds.
How is this ranked?
Data: the AI disclosure index (/banks/ai-index): eight components of the public record on AI (independent coverage, use cases in production, a named platform, own disclosures, moves in the last twelve months, numbers, leaders, use cases described), each a percentile rank; peer group: Canadian banking groups profiled on this site.
Rule: The peer group filtered from the index, in index order (score, then independent coverage, then assets). The score is the bank's percentile rank on each component against the full index set, weighted and summed; a bank that has disclosed no AI programme is capped at 30.
Counts: 4 of 141 profiled banks qualify; 8 distinct sources cited in the table. Data checked 2026-10-28; ranking template updated 2026-10-30.
What are the caveats?
The index measures depth of the public record, not capability; a bank that builds quietly ranks below one that publishes.
Banks absent from the table have nothing matching on the record this site holds, which is not evidence that they do nothing. Each row links the bank's own page, where every entry carries its sources.
Which bank ranks first?
Royal Bank of Canada leads with 79.9 index points: Index score 79.9/100: 11 of 15 use cases in production, platform Lumina, ATOM and RBC Assist, 19 independent of 47 sources. Scotiabank is second with 75.3.
How many large banks in Canada rank on the AI-index formula?
4 of the 141 profiled banks (120 US, 21 non-US groups). Among those listed, 0 are US banks and 4 non-US groups.
What counts, and what does not?
The peer group filtered from the index, in index order (score, then independent coverage, then assets). The score is the bank's percentile rank on each component against the full index set, weighted and summed; a bank that has disclosed no AI programme is capped at 30. Source: the AI disclosure index (/banks/ai-index): eight components of the public record on AI (independent coverage, use cases in production, a named platform, own disclosures, moves in the last twelve months, numbers, leaders, use cases described), each a percentile rank; peer group: Canadian banking groups profiled on this site.
Is this a measure of capability?
No. Every row is a sourced fact on the public record: what the bank, a regulator, a filing or an independent outlet has put on the record. The page does not rate how well anything works.
When was this checked, and how often does it update?
The data behind the table was last checked on 2026-10-28 (bank profiles via the AI index). The page recomputes whenever that dataset changes and is republished with the site; it is never edited by hand.
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