# Royal Bank of Canada vs peers: AI and technology compared

Source: https://www.bankingnewsai.com/banks/rbc/vs-peers
Last updated: Oct 20, 2026

*Part of the [Royal Bank of Canada AI strategy profile](https://www.bankingnewsai.com/banks/rbc). Peer group: The Toronto-Dominion Bank (TD Bank Group), Bank of Montreal (BMO Financial Group), The Bank of Nova Scotia (Scotiabank), HSBC, Barclays PLC, UBS Group AG, Deutsche Bank, BNP Paribas SA, Banco Santander.*

## How does Royal Bank of Canada compare with its peers on AI and technology?

Royal Bank of Canada scores 80.2 on this site's global AI disclosure index, #20 of 140 banks and second in its 10-bank peer group, behind HSBC (88.5) and ahead of Deutsche Bank (78.9), UBS (76.5), Barclays (76), Scotiabank (75.5), TD (75.3), BMO (73.2), BNP Paribas (72) and Santander (71.3). The score measures what is on the record, not capability, and outside rankings put RBC higher: the 2026 Evident AI Index (October 6, 2026) ranked it third of 50 banks worldwide and first in Canada for a fifth straight year, against TD at 10th and BMO at 20th. Three things separate RBC from its Canadian peers. First, it built its own foundation model: ATOM, trained on more than 65 billion client transactions, sits behind retail credit adjudication. Second, capital-markets AI at scale: Aiden is deployed to more than 8,000 Capital Markets staff, and by October 2026 more than 72,000 employees used RBC Assist or Aiden. Third, a value target defined net of investment: C$700 million to C$1 billion of enterprise value by fiscal 2027, against TD's C$1 billion a year over the medium term and BMO's about C$1 billion a year by 2030. Where RBC trails: it reports AI value as a target, while TD reports C$195 million delivered in the first three quarters of fiscal 2026; BMO reports adoption above 96% of staff and Scotiabank says AI handles more than 40% of contact-centre queries, while RBC gives counts, not shares; and HSBC and UBS publish more on independent and production use cases (UBS: 560 live). ([Royal Bank of Canada (CNW via Financial Post)](https://financialpost.com/press-releases/pr-newswire/rbc-maintains-top-three-leadership-position-globally-for-ai-maturity-in-financial-services), [Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-index), [BMO (CNW via FT Markets)](https://markets.ft.com/data/announce/full?dockey=600-202610060700CANADANWCANADAPR_C6630-1), [Royal Bank of Canada](https://rbc.com/investor-relations/_assets-custom/pdf/investorday2025_transcript.pdf), [Royal Bank of Canada (CNW via Yahoo Finance)](https://finance.yahoo.com/news/rbcs-proprietary-ai-foundation-model-140100158.html), [Royal Bank of Canada](https://rbc.com/newsroom/article.html?article=126074), [Royal Bank of Canada](https://www.rbc.com/investor-relations/_assets-custom/pdf/2025q4strategicupdate.pdf), [PYMNTS](https://www.pymnts.com/earnings/2026/td-bank-unlocks-141-million-dollars-ai-value-months-ahead-schedule/), [MarketBeat via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/bmo-sees-loan-demand-surge-020206941.html), [BMO Financial Group](https://newsroom.bmo.com/2026-04-24-BMO-Launches-Return-on-Intelligence-Podcast-AI,-Quantum,-and-the-New-Rules-of-Decision-Making), [Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/news/scotiabank-launches-scotia-intelligence-empowering-145000695.html), [UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules))

## Where does RBC lead its peers on AI?

- **Highest outside AI ranking of any peer.** Evident's 2026 AI Index (October 6, 2026) ranked RBC third of 50 banks worldwide and first in Canada, its fifth straight top-three finish, with Leadership second and Talent eighth. TD returned to 10th (from 13th) and BMO placed 20th; HSBC was among the top ten in Evident's 2025 index. ([Royal Bank of Canada (CNW via Financial Post)](https://financialpost.com/press-releases/pr-newswire/rbc-maintains-top-three-leadership-position-globally-for-ai-maturity-in-financial-services), [Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-index), [BMO (CNW via FT Markets)](https://markets.ft.com/data/announce/full?dockey=600-202610060700CANADANWCANADAPR_C6630-1), [American Banker](https://americanbanker.com/news/jpmorganchase-capital-one-top-ai-ranking-once-again))
- **A proprietary foundation model in production credit.** RBC Borealis built ATOM on more than 65 billion client transactions; it supports retail credit adjudication, which won an IDC CIO Award in August 2026, and lets RBC offer about 40% more credit-limit increases to newcomers. TD's Layer 6 built TD AI Prism, a causal foundation model, in June 2025. ([Royal Bank of Canada](https://rbc.com/investor-relations/_assets-custom/pdf/investorday2025_transcript.pdf), [Royal Bank of Canada](https://rbc.com/newsroom/news/article.html?article=126132), [Royal Bank of Canada (CNW via Financial Post)](https://financialpost.com/press-releases/pr-newswire/rbc-maintains-top-three-leadership-position-globally-for-ai-maturity-in-financial-services), [TD Bank Group](https://stories.td.com/ca/en/news/2025-06-11-td-announces-launch-of-groundbreaking-predictive-foundation))
- **AI in capital markets, with output measures.** Aiden reaches more than 8,000 Capital Markets staff; QuickTakes drafts research up to 95% faster and coverage per analyst rose from 14.5 names in 2024 to over 17.5 in October 2026. Barclays reports BARXBot FX quotes 75% faster and about 120,000 Global Markets emails a day processed with Claude. ([Royal Bank of Canada](https://rbc.com/newsroom/article.html?article=126074), [Royal Bank of Canada (CNW via Financial Post)](https://financialpost.com/press-releases/pr-newswire/rbc-maintains-top-three-leadership-position-globally-for-ai-maturity-in-financial-services), [Yahoo Finance (Quartr)](https://finance.yahoo.com/quote/BARC.L/earnings/BARC.L-Q4-2025-earnings_call-391930.html), [Anthropic](https://www.anthropic.com/news/barclays-scales-claude))
- **Patents and research depth.** RBC says it filed more than 1,200 patents since 2019, 635 of them related to AI, and Borealis has more than 100 PhD scientists and 850-plus AI developers and data engineers. HSBC reports more than 50 active patents and about 150 pending applications; TD's Layer 6 had filed more than 60 patent applications by February 2024. ([Royal Bank of Canada (SEC filing)](https://sec.gov/Archives/edgar/data/1000275/000119312525305934/d73208dex991.pdf), [Royal Bank of Canada](https://rbc.com/investor-relations/_assets-custom/pdf/investorday2025_transcript.pdf), [HSBC Holdings plc](https://hsbc.com/who-we-are/hsbc-and-digital/hsbc-patents-and-research-papers), [American Banker](https://americanbanker.com/news/jpmorgan-chase-td-draw-ai-talent-through-research-labs))

## Where does RBC trail its peers on AI?

- **A target, not yet a delivered figure.** RBC's C$700 million to C$1 billion of AI enterprise value is a fiscal 2027 target, and McKay said in February 2026 the benefits were not yet visible in results. TD reports C$195 million of AI value delivered in the first three quarters of fiscal 2026 against a C$200 million target, and about C$170 million in 2025. ([Royal Bank of Canada](https://www.rbc.com/investor-relations/_assets-custom/pdf/2025q4strategicupdate.pdf), [Yahoo Finance](https://finance.yahoo.com/quote/RY/earnings/RY-Q1-2026-earnings_call-483675.html), [PYMNTS](https://www.pymnts.com/earnings/2026/td-bank-unlocks-141-million-dollars-ai-value-months-ahead-schedule/), [TD Bank Group](https://td.com/content/dam/tdcom/canada/about-td/pdf/quarterly-results/2025/q4/2025-q4-td-transcript.pdf))
- **Counts rather than adoption shares.** RBC reports more than 72,000 employees on RBC Assist or Aiden (October 2026) but no share of staff. BMO reports adoption above 96% and Copilot use by more than 90% of 53,000 employees; Barclays says around 90% of colleagues use Microsoft Copilot; Scotiabank says AI handles more than 40% of contact-centre client queries. ([Royal Bank of Canada (CNW via Financial Post)](https://financialpost.com/press-releases/pr-newswire/rbc-maintains-top-three-leadership-position-globally-for-ai-maturity-in-financial-services), [BMO Financial Group](https://newsroom.bmo.com/2026-04-24-BMO-Launches-Return-on-Intelligence-Podcast-AI,-Quantum,-and-the-New-Rules-of-Decision-Making), [The Globe and Mail (Canadian Press)](https://theglobeandmail.com/business/article-artificial-intelligence-literacy-tech-finance-employers), [Yahoo Finance (Quartr)](https://finance.yahoo.com/quote/BARC.L/earnings/BARC.L-Q4-2025-earnings_call-391930.html), [Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/news/scotiabank-launches-scotia-intelligence-empowering-145000695.html))
- **Fewer production use cases on the record than UBS or HSBC.** RBC cites more than 200 AI models (May 2026). UBS reports 560 live AI use cases with more than 920 in development (July 2026), and HSBC's AI page says over 600 AI use cases are in operation; RBC ranks eighth of 10 on use cases described in this site's index. ([Yahoo Finance](https://finance.yahoo.com/quote/RY.TO/earnings/RY.TO-Q2-2026-earnings_call-571801.html), [UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules), [HSBC Holdings plc](https://www.hsbc.com/who-we-are/hsbc-and-digital/hsbc-and-ai/transforming-hsbc-with-ai))

## Where does RBC rank against its peers on AI disclosure?

Scores from reference score: the AI-index formula applied to all 140 profiles (0–100; 45% of the weight on independent coverage). The index measures what each bank has put on the public record and what outside outlets have reported about its AI, not capability or spending; every count is of entries on that bank's profile, each of which cites its sources.

| Bank | Score | Rank | Independent sources | Own disclosures | Use cases in production | Moves, last 12 months | Named AI platform |
| --- | --- | --- | --- | --- | --- | --- | --- |
| [HSBC](https://www.bankingnewsai.com/banks/hsbc) | 88.5 | #6 of 140 | [27](https://www.bankingnewsai.com/banks/hsbc#sources) | [27](https://www.bankingnewsai.com/banks/hsbc#sources) | [9 of 21](https://www.bankingnewsai.com/banks/hsbc#where) | [28](https://www.bankingnewsai.com/banks/hsbc#timeline) | HSBC Productivity Suite and the central AI platform ([HSBC Holdings plc](https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260225-annual-report-and-accounts-2025.pdf), [HSBC Holdings plc](https://hsbc.com/-/files/hsbc/media/media-release/2026/260323-david-rice-announced-as-chief-ai-officer.pdf), [HSBC Holdings plc](https://hsbc.com/-/files/hsbc/media/media-release/2025/251201-hsbc-and-mistral-ai-join-forces-to-accelerate-ai-adoption-across-global-bank.pdf), [Google Cloud (PR Newswire)](https://www.prnewswire.com/news-releases/hsbc-and-google-cloud-announce-transformative-ai-banking-partnership-302802395.html), [HSBC Holdings plc](https://www.hsbc.com/who-we-are/hsbc-and-digital/hsbc-and-ai/transforming-hsbc-with-ai)) |
| [Royal Bank of Canada (this page)](https://www.bankingnewsai.com/banks/rbc) | 80.2 | #20 of 140 | [19](https://www.bankingnewsai.com/banks/rbc#sources) | [22](https://www.bankingnewsai.com/banks/rbc#sources) | [11 of 15](https://www.bankingnewsai.com/banks/rbc#where) | [26](https://www.bankingnewsai.com/banks/rbc#timeline) | Lumina, ATOM and RBC Assist ([Royal Bank of Canada (CNW via Yahoo Finance)](https://finance.yahoo.com/news/rbcs-proprietary-ai-foundation-model-140100158.html), [Royal Bank of Canada (CNW via Yahoo Finance)](https://finance.yahoo.com/news/rbc-ranks-1-canada-3-110100192.html), [Royal Bank of Canada](https://rbc.com/newsroom/article.html?article=126074), [Royal Bank of Canada (SEC filing)](https://sec.gov/Archives/edgar/data/1000275/000119312525305934/d73208dex991.pdf), [NVIDIA](https://nvidia.com/en-us/case-studies/rbc-capital-markets)) |
| [Deutsche Bank](https://www.bankingnewsai.com/banks/deutsche-bank) | 78.9 | #22 of 140 | [15](https://www.bankingnewsai.com/banks/deutsche-bank#sources) | [28](https://www.bankingnewsai.com/banks/deutsche-bank#sources) | [10 of 17](https://www.bankingnewsai.com/banks/deutsche-bank#where) | [27](https://www.bankingnewsai.com/banks/deutsche-bank#timeline) | dbLumina and the Technology, Data and Innovation AI platform on Google Cloud ([Deutsche Bank](https://db.com/what-we-do/focus-topics/tech/index), [Finextra](https://finextra.com/newsarticle/47334/deutsche-banks-ai-says-its-coming-for-finance-jobs), [Deutsche Bank](https://www.db.com/news/detail/20260513-putting-agentic-ai-to-work-in-third-party-risk-management?language_id=1), [Deutsche Bank](https://www.db.com/news/detail/20260714-how-ai-is-reshaping-the-software-behind-everyday-banking?language_id=1), [Finextra](https://finextra.com/newsarticle/48452/deutsche-bank-estimates-30-uplift-in-client-onboarding-by-deploying-kyc-ai), [Google Cloud](https://cloud.google.com/transform/in-the-clouds-christian-rhino-deutsche-bank-financial-services-gen-ai-be-happy), [Finextra](https://finextra.com/newsarticle/48299/google-cloud-launches-ai-platform-for-financial-professionals), [Bloomberg](https://bloomberg.com/news/articles/2026-08-25/deutsche-bank-accelerates-ai-adoption-with-new-google-service)) |
| [UBS Group AG](https://www.bankingnewsai.com/banks/ubs) | 76.5 | #30 of 140 | [21](https://www.bankingnewsai.com/banks/ubs#sources) | [13](https://www.bankingnewsai.com/banks/ubs#sources) | [11 of 15](https://www.bankingnewsai.com/banks/ubs#where) | [23](https://www.bankingnewsai.com/banks/ubs#timeline) | UBS Claves, Red and Microsoft 365 Copilot under the Chief AI Office ([UBS Group AG](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html), [UBS Group AG](https://www.ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [UBS Group AG (SEC filing)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm), [UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules)) |
| [Barclays PLC](https://www.bankingnewsai.com/banks/barclays) | 76 | #31 of 140 | [24](https://www.bankingnewsai.com/banks/barclays#sources) | [10](https://www.bankingnewsai.com/banks/barclays#sources) | [13 of 20](https://www.bankingnewsai.com/banks/barclays#where) | [18](https://www.bankingnewsai.com/banks/barclays#timeline) | Group AI stack: Microsoft 365 Copilot, Claude and BARXBot ([Yahoo Finance (Quartr)](https://finance.yahoo.com/quote/BARC.L/earnings/BARC.L-Q4-2025-earnings_call-391930.html), [Microsoft](https://ukstories.microsoft.com/features/barclays-rolls-out-microsoft-365-copilot-to-100000-colleagues/), [Anthropic](https://www.anthropic.com/news/barclays-scales-claude), [Barclays](https://home.barclays/insights/2025/07/scaling-AI-at-Barclays), [Barclays PLC (SEC 20-F)](https://www.sec.gov/Archives/edgar/data/312069/000031206926000004/bcs-20251231.htm)) |
| [The Bank of Nova Scotia (Scotiabank)](https://www.bankingnewsai.com/banks/scotiabank) | 75.5 | #33 of 140 | [13](https://www.bankingnewsai.com/banks/scotiabank#sources) | [23](https://www.bankingnewsai.com/banks/scotiabank#sources) | [12 of 17](https://www.bankingnewsai.com/banks/scotiabank#where) | [23](https://www.bankingnewsai.com/banks/scotiabank#timeline) | Scotia Intelligence and Scotia Navigator ([Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/news/scotiabank-launches-scotia-intelligence-empowering-145000695.html), [Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/news/scotiabank-accelerates-enterprise-adoption-ai-120000272.html), [Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/scotiabank-equips-employees-ai-powered-120000781.html), [Yahoo Finance](https://finance.yahoo.com/quote/BNS/earnings/BNS-Q2-2026-earnings_call-566349.html), [PYMNTS](https://pymnts.com/news/artificial-intelligence/2026/scotiabank-equips-global-staff-with-new-scotia-intelligence-ai)) |
| [The Toronto-Dominion Bank (TD Bank Group)](https://www.bankingnewsai.com/banks/td-bank-group) | 75.3 | #34 of 140 | [23](https://www.bankingnewsai.com/banks/td-bank-group#sources) | [17](https://www.bankingnewsai.com/banks/td-bank-group#sources) | [8 of 15](https://www.bankingnewsai.com/banks/td-bank-group#where) | [18](https://www.bankingnewsai.com/banks/td-bank-group#timeline) | Layer 6, TD AI Prism and the agentic RESL model ([TD Bank Group](https://stories.td.com/ca/en/news/2025-06-11-td-announces-launch-of-groundbreaking-predictive-foundation), [American Banker](https://www.americanbanker.com/news/td-banks-maksims-volkovs-is-4-on-the-most-innovative-people-in-finance-ranking), [TD Bank Group](https://stories.td.com/ca/en/news/2026-05-21-td-launches-agentic-ai-to-transform-real-estate-secured-lend), [Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/td-td-q3-2026-earnings-132153119.html), [Motley Fool (The Globe and Mail)](https://theglobeandmail.com/investing/markets/stocks/TD/pressreleases/2205931/td-td-q2-2026-earnings-call-transcript)) |
| [Bank of Montreal (BMO Financial Group)](https://www.bankingnewsai.com/banks/bmo-group) | 73.2 | #38 of 140 | [10](https://www.bankingnewsai.com/banks/bmo-group#sources) | [28](https://www.bankingnewsai.com/banks/bmo-group#sources) | [12 of 17](https://www.bankingnewsai.com/banks/bmo-group#where) | [28](https://www.bankingnewsai.com/banks/bmo-group#timeline) | BMO Institute for Applied AI & Quantum, Lumi and Aura ([BMO Financial Group](https://newsroom.bmo.com/2026-04-09-BMO-Establishes-Institute-for-Applied-Artificial-Intelligence-Quantum), [BMO Financial Group](https://www.bmo.com/en-ca/main/about-bmo/news-insights/blog/meet-lumi-assistant-bmos-award-winning-ai-tool-empowering-team-bmo/), [BMO Financial Group (BMO AI Hub)](https://ai.bmo.com/our-stories/aura-helping-power-bmos-goal-of-50-faster-underwriting-by-2028), [Motley Fool via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/bmo-bmo-q3-2026-earnings-174320317.html), [The Globe and Mail (Canadian Press)](https://theglobeandmail.com/business/article-artificial-intelligence-literacy-tech-finance-employers), [Bank of Montreal (SEC filing)](https://www.sec.gov/Archives/edgar/data/927971/000119312525307982/d938207dex992.htm)) |
| [BNP Paribas SA](https://www.bankingnewsai.com/banks/bnp-paribas) | 72 | #43 of 140 | [16](https://www.bankingnewsai.com/banks/bnp-paribas#sources) | [19](https://www.bankingnewsai.com/banks/bnp-paribas#sources) | [12 of 20](https://www.bankingnewsai.com/banks/bnp-paribas#where) | [19](https://www.bankingnewsai.com/banks/bnp-paribas#timeline) | LLM as a Service, with Mistral AI and Google Cloud ([BNP Paribas](https://group.bnpparibas/en/press-release/bnp-paribas-provides-its-businesses-with-an-llm-as-a-service-platform-to-accelerate-the-industrialization-of-generative-ai-use-cases), [BNP Paribas](https://group.bnpparibas/en/press-release/bnp-paribas-and-mistral-ai-extend-their-partnership-to-support-the-next-phase-of-generative-ai-deployment-within-the-group), [BNP Paribas](https://group.bnpparibas/en/press-release/bnp-paribas-and-google-cloud-announce-new-partnership-on-agentic-ai-and-cloud-innovation), [BNP Paribas](https://invest.bnpparibas/document/2q26-slides), [Finextra](https://finextra.com/newsarticle/48475/bnp-paribas-forges-agentic-ai-partnership-with-google-cloud)) |
| [Banco Santander](https://www.bankingnewsai.com/banks/santander) | 71.3 | #46 of 140 | [12](https://www.bankingnewsai.com/banks/santander#sources) | [22](https://www.bankingnewsai.com/banks/santander#sources) | [11 of 19](https://www.bankingnewsai.com/banks/santander#where) | [21](https://www.bankingnewsai.com/banks/santander#timeline) | Group Data & AI function inside ONE Transformation, with a multi-provider model stack ([Banco Santander](https://santander.com/en/stories/santander-turns-its-ai-first-strategy-into-measurable-impact-and-extends-ai-access-to-all-185000-employees), [Banco Santander](https://santander.com/content/dam/santander-com/en/documentos/informe-financiero-anual/2025/ifa-2025-consolidated-annual-financial-report-en.pdf), [Banco Santander](https://www.santander.com/en/stories/driving-our-transformation-with-the-creation-of-the-global-data-ai-function)) |

## On which parts of the AI record is RBC ahead of or behind its peers?

Each row is one input of the index, counted on the profiles of RBC and the 9 peers that are scored on the same basis. "Place" is RBC's position in the group of 10 (1st = most).

| Component (weight) | RBC | Peer median | Most in the group | Place |
| --- | --- | --- | --- | --- |
| Independent sources (45%) | 19 | 16 | [HSBC (27)](https://www.bankingnewsai.com/banks/hsbc) | 5th of 10 |
| Use cases in production (10%) | 11 | 11 | [Barclays (13)](https://www.bankingnewsai.com/banks/barclays) | 5th of 10 |
| Own primary disclosures (10%) | 22 | 22 | [BMO Financial Group (28)](https://www.bankingnewsai.com/banks/bmo-group) | 5th of 10 |
| Dated moves, last 12 months (10%) | 26 | 23 | [BMO Financial Group (28)](https://www.bankingnewsai.com/banks/bmo-group) | 4th of 10 |
| Disclosed numbers (5%) | 20 | 21 | [HSBC (23)](https://www.bankingnewsai.com/banks/hsbc) | 7th of 10 |
| Named AI leaders (5%) | 12 | 14 | [TD Bank Group (19)](https://www.bankingnewsai.com/banks/td-bank-group) | 6th of 10 |
| Use cases described (5%) | 15 | 17 | [HSBC (21)](https://www.bankingnewsai.com/banks/hsbc) | 8th of 10 |

## What has each bank in RBC's peer group disclosed about its AI?

Facts from each bank's profile, cited to the profile's own sources. "Not disclosed" means the bank's public record, as cited on its profile, does not state it.

| Bank | Platform or assistant, as the profile names it | AI leaders named | Headline AI number disclosed | Patents on the record | Open AI roles |
| --- | --- | --- | --- | --- | --- |
| [Royal Bank of Canada](https://www.bankingnewsai.com/banks/rbc) | Lumina, ATOM and RBC Assist ([Royal Bank of Canada (CNW via Yahoo Finance)](https://finance.yahoo.com/news/rbcs-proprietary-ai-foundation-model-140100158.html), [Royal Bank of Canada (CNW via Yahoo Finance)](https://finance.yahoo.com/news/rbc-ranks-1-canada-3-110100192.html), [Royal Bank of Canada](https://rbc.com/newsroom/article.html?article=126074), [Royal Bank of Canada (SEC filing)](https://sec.gov/Archives/edgar/data/1000275/000119312525305934/d73208dex991.pdf), [NVIDIA](https://nvidia.com/en-us/case-studies/rbc-capital-markets)) | [12, incl. Dave McKay (President and CEO)](https://www.bankingnewsai.com/banks/rbc#people) ([Royal Bank of Canada](https://rbc.com/newsroom/article.html?article=126074), [Royal Bank of Canada (CNW via Yahoo Finance)](https://finance.yahoo.com/news/rbc-ranks-1-canada-3-110100192.html), [Yahoo Finance](https://finance.yahoo.com/quote/RY.TO/earnings/RY.TO-Q3-2026-earnings_call-609036.html)) | AI enterprise-value target by 2027 (net of investments): C$700 million to C$1 billion (Dec 3, 2025) ([PYMNTS](https://pymnts.com/earnings/2025/rbc-expects-to-gain-over-700-million-of-enterprise-value-from-ai), [Royal Bank of Canada](https://www.rbc.com/investor-relations/_assets-custom/pdf/2025q4strategicupdate.pdf)) | 5 patents listed on the profile, e.g. US 12,367,375 B2 (Structure learning for graph neural networks) ([Google Patents (USPTO)](https://patents.google.com/patent/US12367375B2/en)) | Not surveyed |
| [The Toronto-Dominion Bank (TD Bank Group)](https://www.bankingnewsai.com/banks/td-bank-group) | Layer 6, TD AI Prism and the agentic RESL model ([TD Bank Group](https://stories.td.com/ca/en/news/2025-06-11-td-announces-launch-of-groundbreaking-predictive-foundation), [American Banker](https://www.americanbanker.com/news/td-banks-maksims-volkovs-is-4-on-the-most-innovative-people-in-finance-ranking), [TD Bank Group](https://stories.td.com/ca/en/news/2026-05-21-td-launches-agentic-ai-to-transform-real-estate-secured-lend), [Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/td-td-q3-2026-earnings-132153119.html), [Motley Fool (The Globe and Mail)](https://theglobeandmail.com/investing/markets/stocks/TD/pressreleases/2205931/td-td-q2-2026-earnings-call-transcript)) | [19, incl. Raymond Chun (Group President and CEO, TD Bank Group)](https://www.bankingnewsai.com/banks/td-bank-group#people) ([Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/td-td-q3-2026-earnings-132153119.html), [TD Bank Group](https://stories.td.com/ca/en/news/2026-09-03-td-bank-group-announces-senior-leadership-appointments-to-fu), [PYMNTS](https://www.pymnts.com/earnings/2026/td-bank-unlocks-141-million-dollars-ai-value-months-ahead-schedule/)) | Medium-term AI value target: C$1 billion a year (C$500 million revenue uplift, C$500 million cost savings) (Aug 27, 2026) ([PYMNTS](https://www.pymnts.com/earnings/2026/td-bank-unlocks-141-million-dollars-ai-value-months-ahead-schedule/), [The Financial Brand](https://thefinancialbrand.com/news/banking-technology/td-bank-ai-genai-agentic-195829)) | 10 patents listed on the profile, e.g. US 2025/0119396 A1 (Charge card knowledge chatbot using a large language model) ([Google Patents (USPTO)](https://patents.google.com/patent/US20250119396A1/en)) | Not surveyed |
| [Bank of Montreal (BMO Financial Group)](https://www.bankingnewsai.com/banks/bmo-group) | BMO Institute for Applied AI & Quantum, Lumi and Aura ([BMO Financial Group](https://newsroom.bmo.com/2026-04-09-BMO-Establishes-Institute-for-Applied-Artificial-Intelligence-Quantum), [BMO Financial Group](https://www.bmo.com/en-ca/main/about-bmo/news-insights/blog/meet-lumi-assistant-bmos-award-winning-ai-tool-empowering-team-bmo/), [BMO Financial Group (BMO AI Hub)](https://ai.bmo.com/our-stories/aura-helping-power-bmos-goal-of-50-faster-underwriting-by-2028), [Motley Fool via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/bmo-bmo-q3-2026-earnings-174320317.html), [The Globe and Mail (Canadian Press)](https://theglobeandmail.com/business/article-artificial-intelligence-literacy-tech-finance-employers), [Bank of Montreal (SEC filing)](https://www.sec.gov/Archives/edgar/data/927971/000119312525307982/d938207dex992.htm)) | [16, incl. Kristin Milchanowski (Chief AI & Quantum Officer)](https://www.bankingnewsai.com/banks/bmo-group#people) ([BMO Financial Group](https://newsroom.bmo.com/2026-04-09-BMO-Establishes-Institute-for-Applied-Artificial-Intelligence-Quantum), [American Banker](https://www.americanbanker.com/news/bmos-kristin-milchanowski-is-39-on-the-most-innovative-people-in-finance-ranking), [BMO Financial Group](https://www.bmo.com/en-us/main/about-bmo/our-impact/clients/technology-innovation/return-on-intelligence/)) | Employee AI adoption: Above 96% (Apr 24, 2026) ([BMO Financial Group](https://newsroom.bmo.com/2026-04-24-BMO-Launches-Return-on-Intelligence-Podcast-AI,-Quantum,-and-the-New-Rules-of-Decision-Making)) | 6 patents listed on the profile, e.g. US 2026/0119566 A1 (Machine-learning database search and knowledge mining over query logs) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260119566A1/en)) | Not surveyed |
| [The Bank of Nova Scotia (Scotiabank)](https://www.bankingnewsai.com/banks/scotiabank) | Scotia Intelligence and Scotia Navigator ([Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/news/scotiabank-launches-scotia-intelligence-empowering-145000695.html), [Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/news/scotiabank-accelerates-enterprise-adoption-ai-120000272.html), [Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/scotiabank-equips-employees-ai-powered-120000781.html), [Yahoo Finance](https://finance.yahoo.com/quote/BNS/earnings/BNS-Q2-2026-earnings_call-566349.html), [PYMNTS](https://pymnts.com/news/artificial-intelligence/2026/scotiabank-equips-global-staff-with-new-scotia-intelligence-ai)) | [14, incl. Scott Thomson (President and Chief Executive Officer)](https://www.bankingnewsai.com/banks/scotiabank#people) ([Yahoo Finance](https://finance.yahoo.com/quote/BNS/earnings/BNS-Q2-2026-earnings_call-566349.html), [Motley Fool via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/scotiabank-bns-q3-2026-earnings-131521404.html)) | Employees with access to Scotia Intelligence AI tools: More than 71,000 (Jun 10, 2026) ([Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/news/scotiabank-accelerates-enterprise-adoption-ai-120000272.html)) | 1 patent listed on the profile, e.g. US 12,242,799 B2 (Automated review of documents such as trade confirmations using word embeddings and named-entity recognition) ([Google Patents (USPTO)](https://patents.google.com/patent/US12242799B2/en)) | Not surveyed |
| [HSBC](https://www.bankingnewsai.com/banks/hsbc) | HSBC Productivity Suite and the central AI platform ([HSBC Holdings plc](https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260225-annual-report-and-accounts-2025.pdf), [HSBC Holdings plc](https://hsbc.com/-/files/hsbc/media/media-release/2026/260323-david-rice-announced-as-chief-ai-officer.pdf), [HSBC Holdings plc](https://hsbc.com/-/files/hsbc/media/media-release/2025/251201-hsbc-and-mistral-ai-join-forces-to-accelerate-ai-adoption-across-global-bank.pdf), [Google Cloud (PR Newswire)](https://www.prnewswire.com/news-releases/hsbc-and-google-cloud-announce-transformative-ai-banking-partnership-302802395.html), [HSBC Holdings plc](https://www.hsbc.com/who-we-are/hsbc-and-digital/hsbc-and-ai/transforming-hsbc-with-ai)) | [12, incl. Georges Elhedery (Group Chief Executive, HSBC Holdings)](https://www.bankingnewsai.com/banks/hsbc#people) ([HSBC Holdings plc](https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260226-annual-results-to-investors-and-analysts-transcript.pdf), [HSBC Holdings plc](https://hsbc.com/-/files/hsbc/media/media-release/2026/260323-david-rice-announced-as-chief-ai-officer.pdf), [Reuters](https://reuters.com/legal/legalindustry/dont-fight-ai-hsbc-ceo-tells-staff-banks-begin-job-cuts-2026-05-20)) | Colleagues with a gen-AI productivity tool: c.85%; 31,000 engineers with an AI coding assistant (Feb 25, 2026) ([HSBC Holdings plc](https://hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260225-annual-results-2025-presentation-to-investors-and-analysts.pdf), [HSBC Holdings plc](https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260226-annual-results-to-investors-and-analysts-transcript.pdf)) | 7 patents listed on the profile, e.g. US 2024/0412221 A1 (Machine learning using adversarial learning and data transformation) ([Google Patents (USPTO)](https://patents.google.com/patent/US20240412221A1/en)) | Not surveyed |
| [Barclays PLC](https://www.bankingnewsai.com/banks/barclays) | Group AI stack: Microsoft 365 Copilot, Claude and BARXBot ([Yahoo Finance (Quartr)](https://finance.yahoo.com/quote/BARC.L/earnings/BARC.L-Q4-2025-earnings_call-391930.html), [Microsoft](https://ukstories.microsoft.com/features/barclays-rolls-out-microsoft-365-copilot-to-100000-colleagues/), [Anthropic](https://www.anthropic.com/news/barclays-scales-claude), [Barclays](https://home.barclays/insights/2025/07/scaling-AI-at-Barclays), [Barclays PLC (SEC 20-F)](https://www.sec.gov/Archives/edgar/data/312069/000031206926000004/bcs-20251231.htm)) | [11, incl. C.S. Venkatakrishnan (Group Chief Executive)](https://www.bankingnewsai.com/banks/barclays#people) ([Yahoo Finance (Quartr)](https://finance.yahoo.com/quote/BARC.L/earnings/BARC.L-Q4-2025-earnings_call-391930.html), [Reuters](https://reuters.com/business/finance/banks-close-contact-with-european-regulator-anthropics-mythos-banker-says-2026-04-20)) | AI tools and models in use across the group: More than 250 (Feb 10, 2026) ([Yahoo Finance (Quartr)](https://finance.yahoo.com/quote/BARC.L/earnings/BARC.L-Q4-2025-earnings_call-391930.html)) | 5 patents listed on the profile, e.g. US 2025/0053473 A1 (Event handling for digitalised processes: status-indicator confidence model and flag, classified under machine learning) ([Google Patents (USPTO)](https://patents.google.com/patent/US20250053473A1/en)) | [10 open AI roles (Oct 5, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/barclays#roles) |
| [UBS Group AG](https://www.bankingnewsai.com/banks/ubs) | UBS Claves, Red and Microsoft 365 Copilot under the Chief AI Office ([UBS Group AG](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html), [UBS Group AG](https://www.ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [UBS Group AG (SEC filing)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm), [UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules)) | [16, incl. Sergio P. Ermotti (Group Chief Executive Officer)](https://www.bankingnewsai.com/banks/ubs#people) ([Banking Dive](https://bankingdive.com/news/ubs-deploys-ai-programs-unlock-efficiency-ermotti-magazzeni-credit-suisse/811572), [Investing.com](https://investing.com/news/transcripts/ubs-at-bank-of-america-financials-conference-growth-meets-capital-pressure-93CH-4910194), [UBS Group AG (SEC filing)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000053/investorpresotext2026.htm)) | Live AI use cases in production: 560 (92% up year on year), with another 920+ applications in development (Jul 29, 2026) ([UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules)) | 3 patents listed on the profile, e.g. US 11,429,879 B2 (Identifying dynamic thematic relationships over time with machine-learning models) ([Google Patents (USPTO)](https://patents.google.com/patent/US11429879B2/en)) | Not surveyed |
| [Deutsche Bank](https://www.bankingnewsai.com/banks/deutsche-bank) | dbLumina and the Technology, Data and Innovation AI platform on Google Cloud ([Deutsche Bank](https://db.com/what-we-do/focus-topics/tech/index), [Finextra](https://finextra.com/newsarticle/47334/deutsche-banks-ai-says-its-coming-for-finance-jobs), [Deutsche Bank](https://www.db.com/news/detail/20260513-putting-agentic-ai-to-work-in-third-party-risk-management?language_id=1), [Deutsche Bank](https://www.db.com/news/detail/20260714-how-ai-is-reshaping-the-software-behind-everyday-banking?language_id=1), [Finextra](https://finextra.com/newsarticle/48452/deutsche-bank-estimates-30-uplift-in-client-onboarding-by-deploying-kyc-ai), [Google Cloud](https://cloud.google.com/transform/in-the-clouds-christian-rhino-deutsche-bank-financial-services-gen-ai-be-happy), [Finextra](https://finextra.com/newsarticle/48299/google-cloud-launches-ai-platform-for-financial-professionals), [Bloomberg](https://bloomberg.com/news/articles/2026-08-25/deutsche-bank-accelerates-ai-adoption-with-new-google-service)) | [19, incl. Christian Sewing (Chief Executive Officer)](https://www.bankingnewsai.com/banks/deutsche-bank#people) ([Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Script-Scaling-The-Global-Hausbank-Christian-Sewing.pdf), [Deutsche Bank](https://hauptversammlung.db.com/files/documents/2026/AGM-2026-Speech-Sewing.pdf)) | Private Bank AI-enabled operating model, run-rate savings by 2028 / cumulative technology spend: €300m / about €600m (Nov 17, 2025) ([Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Presentation-Private-Bank-Claudio-de-Sanctis.pdf)) | Not disclosed | Not surveyed |
| [BNP Paribas SA](https://www.bankingnewsai.com/banks/bnp-paribas) | LLM as a Service, with Mistral AI and Google Cloud ([BNP Paribas](https://group.bnpparibas/en/press-release/bnp-paribas-provides-its-businesses-with-an-llm-as-a-service-platform-to-accelerate-the-industrialization-of-generative-ai-use-cases), [BNP Paribas](https://group.bnpparibas/en/press-release/bnp-paribas-and-mistral-ai-extend-their-partnership-to-support-the-next-phase-of-generative-ai-deployment-within-the-group), [BNP Paribas](https://group.bnpparibas/en/press-release/bnp-paribas-and-google-cloud-announce-new-partnership-on-agentic-ai-and-cloud-innovation), [BNP Paribas](https://invest.bnpparibas/document/2q26-slides), [Finextra](https://finextra.com/newsarticle/48475/bnp-paribas-forges-agentic-ai-partnership-with-google-cloud)) | [8, incl. Jean-Laurent Bonnafé (Chief Executive Officer)](https://www.bankingnewsai.com/banks/bnp-paribas#people) ([Reuters](https://reuters.com/business/finance/bnp-paribas-vows-more-cost-cuts-after-profit-tops-forecast-2026-02-05), [Bloomberg](https://bloomberg.com/news/articles/2026-03-26/bnp-paribas-set-to-roll-out-ai-companion-for-all-staff), [Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-bnp-paribas-posts-strong-q2-2026-growth-93CH-4809058)) | AI use cases already in place: More than 800 (Oct 5, 2026) ([BNP Paribas](https://group.bnpparibas/en/group/about-us/frequently-asked-questions/faq-tech-artificial-intelligence)) | Not disclosed | Not surveyed |
| [Banco Santander](https://www.bankingnewsai.com/banks/santander) | Group Data & AI function inside ONE Transformation, with a multi-provider model stack ([Banco Santander](https://santander.com/en/stories/santander-turns-its-ai-first-strategy-into-measurable-impact-and-extends-ai-access-to-all-185000-employees), [Banco Santander](https://santander.com/content/dam/santander-com/en/documentos/informe-financiero-anual/2025/ifa-2025-consolidated-annual-financial-report-en.pdf), [Banco Santander](https://www.santander.com/en/stories/driving-our-transformation-with-the-creation-of-the-global-data-ai-function)) | [12, incl. Ana Botín (Group Executive Chair)](https://www.bankingnewsai.com/banks/santander#people) ([Banco Santander](https://santander.com/en/press-room/press-releases/2026/02/2026-santander-investor-day), [Bloomberg](https://bloomberg.com/news/articles/2026-02-25/santander-s-botin-sees-1-billion-ai-boost-amid-efficiency-push)) | Split of the 2028 AI target as reported by Bloomberg: about EUR 300m of revenue and about EUR 700m of cost cuts (Feb 25, 2026) ([Bloomberg](https://bloomberg.com/news/articles/2026-02-25/santander-s-botin-sees-1-billion-ai-boost-amid-efficiency-push)) | Not disclosed | Not surveyed |

## What are the latest dated moves on the AI record of RBC and its peers?

The two newest dated entries of each bank since Oct 16, 2025, from the timelines of the profiles (which also log filings, results and deals that bear on the AI record), newest first.

| Date | Bank | Move |
| --- | --- | --- |
| Oct 13, 2026 | [Deutsche Bank](https://www.bankingnewsai.com/banks/deutsche-bank) | Farsight deployed on-premise in investment banking and capital markets ([Farsight (GlobeNewswire via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/deutsche-bank-deploys-farsight-premise-130000245.html)) |
| Oct 13, 2026 | [TD Bank Group](https://www.bankingnewsai.com/banks/td-bank-group) | Agentic AI extended to mortgage funding and discharge ([TD Bank Group (Canada Newswire via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/td-expands-agentic-ai-across-093000362.html), [Investing.com](https://investing.com/news/transcripts/td-bank-at-scotiabank-summit-profit-gains-ai-push-lift-outlook-93CH-4894177)) |
| Oct 9, 2026 | [HSBC](https://www.bankingnewsai.com/banks/hsbc) | AI-agent micropayment test with Ant Digital ([Ant Digital Technologies (PR Newswire via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/ant-digital-technologies-hsbc-announce-063000243.html)) |
| Oct 8, 2026 | [RBC](https://www.bankingnewsai.com/banks/rbc) | OSFI semi-annual risk outlook centres on frontier AI ([Office of the Superintendent of Financial Institutions](https://www.osfi-bsif.gc.ca/en/about-osfi/reports-publications/annual-risk-outlook-semi-annual-update-fiscal-year-2026-2027)) |
| Oct 7, 2026 | [HSBC](https://www.bankingnewsai.com/banks/hsbc) | UK wealth restructuring tied to AI reported ([Investing.com](https://investing.com/news/stock-market-news/hsbc-plans-deep-job-cuts-in-uk-wealth-management-as-it-expands-ai-use-ft-reports-4935586), [AFP (via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/hsbc-consults-over-uk-unit-142727951.html)) |
| Oct 6, 2026 | [UBS](https://www.bankingnewsai.com/banks/ubs) | Evident index: UBS sixth, the only European bank in the top ten ([Euronews via Yahoo Finance](https://finance.yahoo.com/news/ubs-only-european-bank-top-054547722.html)) |
| Oct 6, 2026 | [Scotiabank](https://www.bankingnewsai.com/banks/scotiabank) | Evident AI Index 2026: 30th of 50 ([Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-index)) |
| Oct 6, 2026 | [BMO Financial Group](https://www.bankingnewsai.com/banks/bmo-group) | Evident AI Index 2026: top 20 overall, #2 for reported outcomes ([BMO (CNW via FT Markets)](https://markets.ft.com/data/announce/full?dockey=600-202610060700CANADANWCANADAPR_C6630-1), [The Globe and Mail](https://www.theglobeandmail.com/business/article-banking-ai-rbc-td-cibc-bmo-scotiabank-bottom-lines-report/)) |
| Oct 6, 2026 | [TD Bank Group](https://www.bankingnewsai.com/banks/td-bank-group) | Evident AI Banking Index 2026: TD returns to 10th ([Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-index)) |
| Oct 6, 2026 | [RBC](https://www.bankingnewsai.com/banks/rbc) | Evident AI Index 2026: third of 50, fifth year in a row ([Royal Bank of Canada (CNW via Financial Post)](https://financialpost.com/press-releases/pr-newswire/rbc-maintains-top-three-leadership-position-globally-for-ai-maturity-in-financial-services), [American Banker](https://americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens)) |
| Oct 1, 2026 | [Barclays](https://www.bankingnewsai.com/banks/barclays) | Anthropic collaboration expanded ([Anthropic](https://www.anthropic.com/news/barclays-scales-claude), [Bloomberg](https://bloomberg.com/news/articles/2026-10-01/barclays-expands-use-of-anthropic-s-claude-in-efficiency-push), [Bloomberg via Yahoo Finance](https://finance.yahoo.com/technology/ai/articles/barclays-expands-anthropic-claude-efficiency-080000629.html), [Finextra](https://www.finextra.com/newsarticle/48519/barclays-ramps-up-use-of-anthropics-claude)) |
| Oct 1, 2026 | [Barclays](https://www.bankingnewsai.com/banks/barclays) | Co-COO on model choice and agentic AI ([American Banker](https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-women-to-watch-24-anne-marie-darling-barclays)) |
| Sep 24, 2026 | [BNP Paribas](https://www.bankingnewsai.com/banks/bnp-paribas) | Five-year Google Cloud partnership for agentic AI ([BNP Paribas](https://group.bnpparibas/en/press-release/bnp-paribas-and-google-cloud-announce-new-partnership-on-agentic-ai-and-cloud-innovation), [Finextra](https://finextra.com/newsarticle/48475/bnp-paribas-forges-agentic-ai-partnership-with-google-cloud)) |
| Sep 23, 2026 | [Santander](https://www.bankingnewsai.com/banks/santander) | Santander AI Lab releases the A2K protocol suite ([Banco Santander](https://www.santander.com/en/stories/a2k-a-new-protocol-for-connecting-ai-agents-to-governed-auditable-enterprise-knowledge)) |
| Sep 23, 2026 | [Deutsche Bank](https://www.bankingnewsai.com/banks/deutsche-bank) | CFO: Postbank AI tool to scale to the Deutsche Bank brand ([MarketBeat via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/deutsche-bank-targets-13-2028-130230943.html)) |
| Sep 22, 2026 | [BNP Paribas](https://www.bankingnewsai.com/banks/bnp-paribas) | Strategy update ties AI to support-function efficiency ([BNP Paribas](https://group.bnpparibas/en/press-release/bnp-paribas-leverages-its-leading-franchises-to-advance-a-compelling-growth-trajectory-through-europe-s-major-transformations)) |
| Sep 22, 2026 | [UBS](https://www.bankingnewsai.com/banks/ubs) | Ermotti at the BofA conference: AI 'is not for free' ([Investing.com](https://investing.com/news/transcripts/ubs-at-bank-of-america-financials-conference-growth-meets-capital-pressure-93CH-4910194)) |
| Sep 22, 2026 | [BMO Financial Group](https://www.bankingnewsai.com/banks/bmo-group) | C$1 billion a year from AI by 2030 ([MarketBeat via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/bmo-sees-loan-demand-surge-020206941.html)) |
| Sep 14, 2026 | [Scotiabank](https://www.bankingnewsai.com/banks/scotiabank) | Barclays conference: Ask AI at 18,000 staff, mortgage verification 70% faster ([Investing.com](https://investing.com/news/transcripts/scotiabank-at-barclays-conference-strategy-lifts-margins-and-growth-93CH-4900067)) |
| Jul 30, 2026 | [Santander](https://www.bankingnewsai.com/banks/santander) | One evaluation framework for AI products across their life ([Banco Santander](https://santander.com/en/stories/when-speed-meets-quality-how-we-make-ai-products-measurable-at-santander)) |

## How does RBC's AI value target compare with TD's, BMO's and Scotiabank's?

Each bank's own definition. RBC's target is net of investment and incremental from fiscal 2024; TD splits its target between revenue and cost; BMO measures pre-provision, pre-tax income.

| Bank | Target | Delivered so far | As of |
| --- | --- | --- | --- |
| RBC | C$700 million to C$1 billion of enterprise value by fiscal 2027, net of investments | Not yet visible in results (February 2026); 'accelerating' (August 2026) | December 2025 - August 2026 ([Royal Bank of Canada](https://www.rbc.com/investor-relations/_assets-custom/pdf/2025q4strategicupdate.pdf), [Yahoo Finance](https://finance.yahoo.com/quote/RY/earnings/RY-Q1-2026-earnings_call-483675.html), [Yahoo Finance](https://finance.yahoo.com/quote/RY.TO/earnings/RY.TO-Q3-2026-earnings_call-609036.html)) |
| TD Bank Group | C$1 billion a year over the medium term (C$500 million revenue, C$500 million cost) | About C$170 million in 2025; C$195 million in the first three quarters of fiscal 2026 | July 31, 2026 ([PYMNTS](https://www.pymnts.com/earnings/2026/td-bank-unlocks-141-million-dollars-ai-value-months-ahead-schedule/), [TD Bank Group](https://td.com/content/dam/tdcom/canada/about-td/pdf/quarterly-results/2025/q4/2025-q4-td-transcript.pdf)) |
| BMO Financial Group | About C$1 billion a year of pre-provision, pre-tax income from AI by 2030 | About C$85 million annualised revenue from personalised offers (fiscal 2025) | September 22, 2026 ([MarketBeat via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/bmo-sees-loan-demand-surge-020206941.html), [BMO Financial Group (investor relations)](https://www.bmo.com/ir/files/pdfs/BMOInvestorDayPresentation.pdf)) |
| Scotiabank | No separate AI target; AI is part of technology spend | Technology spend C$1.5 billion in Q3 2026, up 16% | July 31, 2026 ([Motley Fool via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/scotiabank-bns-q3-2026-earnings-131521404.html)) |

## How do RBC Assist and Aiden compare in reach with the staff AI tools of its peers?

Reach is defined differently from bank to bank (users, access, adoption share), so compare definitions and dates.

| Bank | Platform | Reach as disclosed | As of |
| --- | --- | --- | --- |
| RBC | RBC Assist and Aiden (built with NVIDIA and Anthropic, Cohere-designed interface) | More than 72,000 employees on RBC Assist or Aiden; 10,000 technologists on other AI tools | October 6, 2026 ([Royal Bank of Canada (CNW via Financial Post)](https://financialpost.com/press-releases/pr-newswire/rbc-maintains-top-three-leadership-position-globally-for-ai-maturity-in-financial-services), [FinAi News via ABA](https://aba.com/-/media/documents/industry-insights/finai-rbc-head-of-ai.pdf?rev=ce5657d28c5a4bc296b3c3281700dcfd)) |
| TD Bank Group | Copilot and a generative knowledge-management assistant | More than 40,000 colleagues on Copilot; more than 20,000 client-facing colleagues on the assistant | May-August 2026 ([Motley Fool (The Globe and Mail)](https://theglobeandmail.com/investing/markets/stocks/TD/pressreleases/2205931/td-td-q2-2026-earnings-call-transcript), [Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/td-td-q3-2026-earnings-132153119.html)) |
| BMO Financial Group | Microsoft Copilot and Lumi | Adoption above 96%; more than 90% of 53,000 employees on Copilot | February-April 2026 ([BMO Financial Group](https://newsroom.bmo.com/2026-04-24-BMO-Launches-Return-on-Intelligence-Podcast-AI,-Quantum,-and-the-New-Rules-of-Decision-Making), [The Globe and Mail (Canadian Press)](https://theglobeandmail.com/business/article-artificial-intelligence-literacy-tech-finance-employers)) |
| Scotiabank | Scotia Intelligence and Scotia Navigator | More than 71,000 employees with access; 14 million actions since March 2026 | June-July 2026 ([Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/news/scotiabank-accelerates-enterprise-adoption-ai-120000272.html), [Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/scotiabank-equips-employees-ai-powered-120000781.html)) |
| HSBC | HSBC Productivity Suite; 200,000 Microsoft 365 Copilot seats committed | About 85% of colleagues enabled | February-July 2026 ([HSBC Holdings plc](https://hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260225-annual-results-2025-presentation-to-investors-and-analysts.pdf), [Microsoft](https://www.microsoft.com/en-us/investor/events/fy-2026/earnings-fy-2026-q4)) |
| Barclays | Microsoft 365 Copilot and Claude | Around 90% of colleagues on Copilot; about 100,000 licences | February 10, 2026 ([Yahoo Finance (Quartr)](https://finance.yahoo.com/quote/BARC.L/earnings/BARC.L-Q4-2025-earnings_call-391930.html), [Barclays PLC (SEC 20-F)](https://www.sec.gov/Archives/edgar/data/312069/000031206926000004/bcs-20251231.htm)) |
| UBS | Red, UBS Claves and Microsoft 365 Copilot | Nearly 90% of US advisor teams on the flagship AI platform | April 29, 2026 ([UBS Group AG (SEC filing)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000053/investorpresotext2026.htm)) |

## How does RBC's use of AI in software development compare with its peers'?

| Bank | Scale | Reported effect | As of |
| --- | --- | --- | --- |
| RBC | Bank-wide engineering | AI contributed to over 24 million lines of code and over 120,000 code reviews | May 28, 2026 ([Yahoo Finance](https://finance.yahoo.com/quote/RY.TO/earnings/RY.TO-Q2-2026-earnings_call-571801.html)) |
| TD Bank Group | More than 7,000 engineers using AI | Most active users up 29% in throughput | May 28, 2026 ([Motley Fool (The Globe and Mail)](https://theglobeandmail.com/investing/markets/stocks/TD/pressreleases/2205931/td-td-q2-2026-earnings-call-transcript)) |
| Scotiabank | 5,500 engineers using AI for coding | Not disclosed | June 10, 2026 ([Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/news/scotiabank-accelerates-enterprise-adoption-ai-120000272.html)) |
| BMO Financial Group | 2,000-plus software developers | 20% to 30% productivity target | March 26, 2026 ([BMO Financial Group (investor relations)](https://www.bmo.com/ir/files/pdfs/BMOInvestorDayPresentation.pdf)) |
| Barclays | 19,000 developers on GitLab | Code implemented 15% faster; Claude Code for 50% of developers targeted by end-2026 | February-October 2026 ([Yahoo Finance (Quartr)](https://finance.yahoo.com/quote/BARC.L/earnings/BARC.L-Q4-2025-earnings_call-391930.html), [Anthropic](https://www.anthropic.com/news/barclays-scales-claude)) |
| UBS | Around 18,000 developers using AI | Over one quarter of AI suggestions used directly in production code | July 29, 2026 ([UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules)) |
| Deutsche Bank | More than 15,000 developers with AI coding assistants | 1.5 to 2.5 hours saved a week | July 14, 2026 ([Deutsche Bank](https://db.com/what-we-do/focus-topics/tech/index), [Deutsche Bank](https://www.db.com/news/detail/20260714-how-ai-is-reshaping-the-software-behind-everyday-banking?language_id=1)) |

## What rules shape how RBC and the other Canadian banks deploy AI?

RBC, TD, BMO and Scotiabank answer to the same prudential supervisor. OSFI finalised Guideline E-23 on model risk in September 2025, effective May 1, 2027, with added clarity for AI and machine-learning models; it issued a bulletin on generative and agentic AI in July 2026 and centred its October 2026 semi-annual risk outlook on frontier AI, third-party concentration and board accountability. ([Office of the Superintendent of Financial Institutions](https://osfi-bsif.gc.ca/en/guidance/guidance-library/guideline-e-23-model-risk-management-2027-letter?wbdisable=false), [Office of the Superintendent of Financial Institutions](https://www.osfi-bsif.gc.ca/en/risks/technology-cyber-risk-management/technology-risk-bulletin/generative-agentic-artificial-intelligence-implications-technology-cyber-security-operational), [Office of the Superintendent of Financial Institutions](https://www.osfi-bsif.gc.ca/en/about-osfi/reports-publications/annual-risk-outlook-semi-annual-update-fiscal-year-2026-2027))

The banks' own governance differs in form. RBC's 2025 annual report says AI is a key area of Board oversight and that RBC has established risk and governance processes for AI use cases; TD published seven Responsible AI Principles in July 2026; BMO describes an AI risk directive and a Responsible AI Forum; and a Scotiabank shareholder proposal for a report on AI in credit decisions won 22.21% of votes in April 2026, up from 12.19%. ([Royal Bank of Canada (SEC filing)](https://sec.gov/Archives/edgar/data/1000275/000119312525305934/d73208dex991.pdf), [TD Bank Group](https://stories.td.com/ca/en/news/2026-07-30-td-strengthens-its-responsible-ai-principles-to-support-trus), [Bank of Montreal (SEC filing)](https://www.sec.gov/Archives/edgar/data/927971/000119312525307982/d938207dex992.htm), [Scotiabank (The Bank of Nova Scotia)](https://scotiabank.com/content/dam/scotiabank/corporate/quarterly-reports/2025/q4/Voting_Results_English_2026.pdf))

## Which banks are RBC's peers, and why these?

Royal Bank of Canada is compared here with The Toronto-Dominion Bank (TD Bank Group), Bank of Montreal (BMO Financial Group), The Bank of Nova Scotia (Scotiabank), HSBC, Barclays PLC, UBS Group AG, Deutsche Bank, BNP Paribas SA and Banco Santander: chosen by the editors for this page (see the note below the table). Royal Bank of Canada is classed as a universal bank headquartered in Canada.

The computed group left out every Canadian rival, so this page compares RBC first with the three other Canadian banks in the index that it names as Big Five peers in its annual report (TD, BMO, Scotiabank) and then with the European universal banks it meets in capital markets and global wealth (HSBC, Barclays, UBS, Deutsche Bank, BNP Paribas, Santander).

## Common questions

### Is RBC better than TD at AI?

The record cannot settle capability. On disclosure, RBC scores 80.2 on this site's index against TD's 75.3, and Evident's 2026 index ranks RBC third of 50 banks and TD 10th. TD reports more delivered value (C$195 million in the first three quarters of fiscal 2026); RBC reports a larger target net of investment (C$700 million to C$1 billion by fiscal 2027). ([Royal Bank of Canada (CNW via Financial Post)](https://financialpost.com/press-releases/pr-newswire/rbc-maintains-top-three-leadership-position-globally-for-ai-maturity-in-financial-services), [Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-index), [PYMNTS](https://www.pymnts.com/earnings/2026/td-bank-unlocks-141-million-dollars-ai-value-months-ahead-schedule/), [Royal Bank of Canada](https://www.rbc.com/investor-relations/_assets-custom/pdf/2025q4strategicupdate.pdf))

### Which Canadian bank ranks highest for AI?

On Evident's 2026 AI Index, RBC: third of 50 banks worldwide and first in Canada for the fifth straight year. TD returned to 10th and BMO placed 20th. On this site's disclosure index RBC (80.2) leads the Canadian banks, ahead of Scotiabank (75.5) and TD (75.3), which are close to level, and BMO (73.2). ([Royal Bank of Canada (CNW via Financial Post)](https://financialpost.com/press-releases/pr-newswire/rbc-maintains-top-three-leadership-position-globally-for-ai-maturity-in-financial-services), [Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-index), [BMO (CNW via FT Markets)](https://markets.ft.com/data/announce/full?dockey=600-202610060700CANADANWCANADAPR_C6630-1))

### How does RBC's technology spending compare with other Canadian banks?

McKay told a January 2026 Davos session that RBC spends C$6 billion a year on technology, C$2 billion of it on modernisation and AI; other reports give more than C$5 billion. Scotiabank reported C$1.5 billion of technology spend in the third quarter of 2026, and TD says 34% of its technology budget goes to innovation and development. ([The Globe and Mail](https://theglobeandmail.com/business/article-promise-of-ai-canada-biggest-banks-rbc-td-cibc-revenue), [American Banker](https://americanbanker.com/news/rbc-says-its-focus-on-ai-is-paying-dividends), [Motley Fool via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/scotiabank-bns-q3-2026-earnings-131521404.html))

### How does RBC's Aiden compare with Barclays' AI in markets?

Aiden began in 2020 as a reinforcement-learning trading platform and now runs research and banking agents for more than 8,000 Capital Markets staff, drafting research up to 95% faster. Barclays reports BARXBot FX quotes 75% faster and about 120,000 Global Markets emails a day processed with Claude. ([Verdict (via Yahoo Finance)](https://finance.yahoo.com/news/transforming-trading-ai-rbc-aiden-183002708.html), [Royal Bank of Canada](https://rbc.com/newsroom/article.html?article=126074), [Royal Bank of Canada (CNW via Financial Post)](https://financialpost.com/press-releases/pr-newswire/rbc-maintains-top-three-leadership-position-globally-for-ai-maturity-in-financial-services), [Yahoo Finance (Quartr)](https://finance.yahoo.com/quote/BARC.L/earnings/BARC.L-Q4-2025-earnings_call-391930.html), [Anthropic](https://www.anthropic.com/news/barclays-scales-claude))

### Does RBC have its own AI model like TD?

Yes. RBC Borealis built ATOM, a foundation model trained on more than 65 billion client transactions that supports retail credit adjudication. TD's Layer 6 built TD AI Prism, a causal foundation model, and in May 2026 an agentic mortgage model that cut pre-adjudication from an average 15 hours to under three minutes. ([Royal Bank of Canada](https://rbc.com/investor-relations/_assets-custom/pdf/investorday2025_transcript.pdf), [Royal Bank of Canada (CNW via Yahoo Finance)](https://finance.yahoo.com/news/rbcs-proprietary-ai-foundation-model-140100158.html), [TD Bank Group](https://stories.td.com/ca/en/news/2025-06-11-td-announces-launch-of-groundbreaking-predictive-foundation), [TD Bank Group](https://stories.td.com/ca/en/news/2026-05-21-td-launches-agentic-ai-to-transform-real-estate-secured-lend))

### Who leads AI at RBC compared with BMO?

RBC created an AI Group reporting to the CEO in February 2026 under Bruce Ross, formerly Group Head of Technology and Operations. BMO named Kristin Milchanowski Chief AI and Quantum Officer and founding director of the BMO Institute for Applied AI and Quantum in April 2026. ([Royal Bank of Canada](https://rbc.com/newsroom/article.html?article=126074), [BMO Financial Group](https://newsroom.bmo.com/2026-04-09-BMO-Establishes-Institute-for-Applied-Artificial-Intelligence-Quantum))

## Peers on this site

- [The Toronto-Dominion Bank (TD Bank Group) AI strategy](https://www.bankingnewsai.com/banks/td-bank-group) · [vs peers](https://www.bankingnewsai.com/banks/td-bank-group/vs-peers)
- [Bank of Montreal (BMO Financial Group) AI strategy](https://www.bankingnewsai.com/banks/bmo-group) · [vs peers](https://www.bankingnewsai.com/banks/bmo-group/vs-peers)
- [The Bank of Nova Scotia (Scotiabank) AI strategy](https://www.bankingnewsai.com/banks/scotiabank) · [vs peers](https://www.bankingnewsai.com/banks/scotiabank/vs-peers)
- [HSBC AI strategy](https://www.bankingnewsai.com/banks/hsbc) · [vs peers](https://www.bankingnewsai.com/banks/hsbc/vs-peers)
- [Barclays PLC AI strategy](https://www.bankingnewsai.com/banks/barclays) · [vs peers](https://www.bankingnewsai.com/banks/barclays/vs-peers)
- [UBS Group AG AI strategy](https://www.bankingnewsai.com/banks/ubs) · [vs peers](https://www.bankingnewsai.com/banks/ubs/vs-peers)
- [Deutsche Bank AI strategy](https://www.bankingnewsai.com/banks/deutsche-bank) · [vs peers](https://www.bankingnewsai.com/banks/deutsche-bank/vs-peers)
- [BNP Paribas SA AI strategy](https://www.bankingnewsai.com/banks/bnp-paribas) · [vs peers](https://www.bankingnewsai.com/banks/bnp-paribas/vs-peers)
- [Banco Santander AI strategy](https://www.bankingnewsai.com/banks/santander) · [vs peers](https://www.bankingnewsai.com/banks/santander/vs-peers)

## Sources

1. RBC maintains top three leadership position globally for AI maturity in financial services — Royal Bank of Canada (CNW via Financial Post), Oct 6, 2026. https://financialpost.com/press-releases/pr-newswire/rbc-maintains-top-three-leadership-position-globally-for-ai-maturity-in-financial-services
2. TD's AI returns help put it back into the top 10 in this global bank index — Financial Post, Oct 6, 2026. https://financialpost.com/technology/td-ai-top-10-global-bank-index
3. BMO Earns Top Recognition for Responsible AI Leadership in Global Banking — BMO (CNW via FT Markets), Oct 6, 2026. https://markets.ft.com/data/announce/full?dockey=600-202610060700CANADANWCANADAPR_C6630-1
4. Royal Bank of Canada Investor Day on March 27, 2025 (earnings call transcript) — Royal Bank of Canada, Mar 27, 2025. https://rbc.com/investor-relations/_assets-custom/pdf/investorday2025_transcript.pdf
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8. TD Bank Unlocks $141 Million in AI Value Months Ahead of Schedule — PYMNTS, Aug 27, 2026. https://www.pymnts.com/earnings/2026/td-bank-unlocks-141-million-dollars-ai-value-months-ahead-schedule/
9. BMO Sees Loan Demand Surge as Returns Rise Toward 2027 Targets — MarketBeat via Yahoo Finance, Sep 22, 2026. https://finance.yahoo.com/markets/stocks/articles/bmo-sees-loan-demand-surge-020206941.html
10. BMO Launches Return on Intelligence Podcast - AI, Quantum, and the New Rules of Decision-Making — BMO Financial Group, Apr 24, 2026. https://newsroom.bmo.com/2026-04-24-BMO-Launches-Return-on-Intelligence-Podcast-AI,-Quantum,-and-the-New-Rules-of-Decision-Making
11. Scotiabank Launches Scotia Intelligence, Empowering Employees and Accelerating Enterprise AI Adoption — Scotiabank (CNW via Yahoo Finance), Apr 13, 2026. https://finance.yahoo.com/news/scotiabank-launches-scotia-intelligence-empowering-145000695.html
12. UBS reports 2Q26 net profit of USD 2.8bn and USD 5.8bn for 1H26 with robust momentum across businesses; Group invested assets at USD 7.3trn — UBS Group AG and UBS AG (Business Wire), Jul 29, 2026. https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules
13. JPMorganChase, Capital One top AI ranking, once again — American Banker, Oct 8, 2025. https://americanbanker.com/news/jpmorganchase-capital-one-top-ai-ranking-once-again
14. RBC wins IDC CIO Awards Canada 2026 for AI-driven credit underwriting transformation — Royal Bank of Canada, Aug 13, 2026. https://rbc.com/newsroom/news/article.html?article=126132
15. TD Announces Launch of Groundbreaking Predictive Foundation Model — TD Bank Group, Jun 11, 2025. https://stories.td.com/ca/en/news/2025-06-11-td-announces-launch-of-groundbreaking-predictive-foundation
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17. Barclays scales Claude to upgrade operations and improve client experience — Anthropic, Oct 1, 2026. https://www.anthropic.com/news/barclays-scales-claude
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19. HSBC Patents and Research Papers — HSBC Holdings plc, Jun 19, 2026. https://hsbc.com/who-we-are/hsbc-and-digital/hsbc-patents-and-research-papers
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21. Royal Bank Of Canada (RY) Q1 FY2026 earnings call transcript — Yahoo Finance, Feb 26, 2026. https://finance.yahoo.com/quote/RY/earnings/RY-Q1-2026-earnings_call-483675.html
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23. Major employers in tech and finance expect new hires to be ‘AI literate’ — The Globe and Mail (Canadian Press), Feb 17, 2026. https://theglobeandmail.com/business/article-artificial-intelligence-literacy-tech-finance-employers
24. ROYAL BANK OF CANADA (RY.TO) Q2 FY2026 earnings call transcript — Yahoo Finance, May 28, 2026. https://finance.yahoo.com/quote/RY.TO/earnings/RY.TO-Q2-2026-earnings_call-571801.html
25. Transforming HSBC with AI | HSBC and Digital (undated page, retrieved 2026-10-05) — HSBC Holdings plc, Oct 5, 2026. https://www.hsbc.com/who-we-are/hsbc-and-digital/hsbc-and-ai/transforming-hsbc-with-ai
26. Annual Report and Accounts 2025 — HSBC Holdings plc, Feb 25, 2026. https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260225-annual-report-and-accounts-2025.pdf
27. HSBC announces David Rice as its first Chief AI Officer — HSBC Holdings plc, Mar 23, 2026. https://hsbc.com/-/files/hsbc/media/media-release/2026/260323-david-rice-announced-as-chief-ai-officer.pdf
28. HSBC and Mistral AI join forces to accelerate AI adoption across global bank — HSBC Holdings plc, Dec 1, 2025. https://hsbc.com/-/files/hsbc/media/media-release/2025/251201-hsbc-and-mistral-ai-join-forces-to-accelerate-ai-adoption-across-global-bank.pdf
29. HSBC and Google Cloud Announce Transformative AI Banking Partnership — Google Cloud (PR Newswire), Jun 17, 2026. https://www.prnewswire.com/news-releases/hsbc-and-google-cloud-announce-transformative-ai-banking-partnership-302802395.html
30. RBC ranks #1 in Canada and #3 globally for AI maturity in financial services for fourth straight year — Royal Bank of Canada (CNW via Yahoo Finance), Oct 8, 2025. https://finance.yahoo.com/news/rbc-ranks-1-canada-3-110100192.html
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