# The Toronto-Dominion Bank (TD Bank Group) vs peers: AI and technology compared

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

*Part of the [The Toronto-Dominion Bank (TD Bank Group) AI strategy profile](https://www.bankingnewsai.com/banks/td-bank-group). Peer group: Royal Bank of Canada, Bank of Montreal (BMO Financial Group), The Bank of Nova Scotia (Scotiabank), Commonwealth Bank of Australia, Lloyds Banking Group, NatWest Group plc, BBVA, Banco Santander, HSBC.*

## How does The Toronto-Dominion Bank (TD Bank Group) compare with its peers on AI and technology?

TD Bank Group scores 75.3 on this site's global AI disclosure index, #34 of 140 banks and seventh in its 10-bank peer group, behind HSBC (88.5), Commonwealth Bank of Australia (88.2), Lloyds (83.6), RBC (80.2) and BBVA (77.2), in a close cluster with Scotiabank (75.5) and NatWest (75.1), and ahead of BMO (73.2) and Santander (71.3). The score measures what is on the record, not capability; Evident's 2026 AI Index placed TD 10th of 50 banks, back in the top ten, against RBC at third. Three things separate TD. First, it reports AI value delivered, not only a target: about C$170 million in 2025 and C$195 million in the first three quarters of fiscal 2026 against a C$200 million goal, on the way to C$1 billion a year; RBC's C$700 million to C$1 billion is a fiscal 2027 target that was not yet visible in results in February 2026. Second, research depth: Evident credits Layer 6 with the second-largest AI research team in its index, and TD leads this peer group on named AI leaders. Third, agentic credit at scale: the agentic mortgage model cut pre-adjudication from an average 15 hours to under three minutes and is used on 100% of new personal mortgages. Where TD trails: it ranks last in the group on use cases in production and on its own primary disclosures; Evident found measurable impact reported for only 20% to 25% of its use cases; and BMO reports adoption above 96% of staff while TD gives a count, more than 40,000 colleagues on Copilot. ([Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-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), [American Banker](https://www.americanbanker.com/news/td-banks-maksims-volkovs-is-4-on-the-most-innovative-people-in-finance-ranking), [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), [Yahoo Finance](https://finance.yahoo.com/quote/RY/earnings/RY-Q1-2026-earnings_call-483675.html), [TD Bank Group](https://stories.td.com/ca/en/news/2026-05-21-td-launches-agentic-ai-to-transform-real-estate-secured-lend), [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), [Motley Fool (The Globe and Mail)](https://theglobeandmail.com/investing/markets/stocks/TD/pressreleases/2205931/td-td-q2-2026-earnings-call-transcript))

## Where does TD Bank Group lead its peers on AI?

- **AI value reported as delivered, quarter by quarter.** TD reports C$195 million of AI value in the first three quarters of fiscal 2026 against a C$200 million target, after about C$170 million from about 75 use cases in fiscal 2025. RBC's C$700 million to C$1 billion is a fiscal 2027 target, BMO's about C$1 billion a year is set for 2030, and Scotiabank does not break AI out. ([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), [Royal Bank of Canada](https://www.rbc.com/investor-relations/_assets-custom/pdf/2025q4strategicupdate.pdf), [MarketBeat via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/bmo-sees-loan-demand-surge-020206941.html), [Motley Fool via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/scotiabank-bns-q3-2026-earnings-131521404.html))
- **Named AI leaders and research depth.** TD ranks first of 10 on named AI leaders in this site's index, and Evident's 2026 index credits it with the second-largest AI research team among the 50 banks ranked. Layer 6 is growing from about 90 staff to about 240 at MaRS, and TD committed up to C$25 million over three years with Cohere. ([Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-index), [The Globe and Mail](https://theglobeandmail.com/business/article-promise-of-ai-canada-biggest-banks-rbc-td-cibc-revenue), [TD Bank Group (CNW via Yahoo Finance)](https://finance.yahoo.com/news/td-announces-25-million-strategic-200000614.html))
- **Agentic AI in the mortgage line.** TD's agentic mortgage model cut pre-adjudication from an average 15 hours to under three minutes (May 2026) and Evident says it is used on 100% of new personal mortgages; in October 2026 TD extended agents to funding and discharge. Scotiabank reports almost 70% less mortgage-underwriting verification time from AI (September 2026). ([TD Bank Group](https://stories.td.com/ca/en/news/2026-05-21-td-launches-agentic-ai-to-transform-real-estate-secured-lend), [Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-index), [Investing.com](https://investing.com/news/transcripts/scotiabank-at-barclays-conference-strategy-lifts-margins-and-growth-93CH-4900067))
- **Second on independent coverage.** TD ranks second of 10 on the independent-sources component of this site's index, behind HSBC. Its benchmark history is public: Evident moved it from ninth (2024) to 13th (2025) and back to 10th (October 2026), citing gains in innovation, talent, leadership and transparency. ([Financial Post](https://financialpost.com/technology/rbc-retains-top-spot-td-stumbles-as-ai-race-in-banking-intensifies), [Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-index))

## Where does TD Bank Group trail its peers on AI?

- **Fewest production use cases on the record.** TD ranks last of 10 on use cases in production in this site's index, with eight against 16 at Commonwealth Bank of Australia. Evident's 2026 assessment found measurable impact reported for 20% to 25% of TD's use cases, while BMO ranked second of 50 for reported use-case outcomes. ([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))
- **Behind RBC on outside rankings.** Evident's 2026 AI Index ranked RBC third of 50 banks worldwide and first in Canada for a fifth straight year, and Commonwealth Bank of Australia fourth; TD returned to 10th. RBC was the only Canadian bank in the 2025 top ten. ([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), [Commonwealth Bank of Australia](https://commbank.com.au/articles/newsroom/2026/10/commonwealth-bank-2026-evident-ai-index.html), [Royal Bank of Canada (CNW via Yahoo Finance)](https://finance.yahoo.com/news/rbc-ranks-1-canada-3-110100192.html))
- **Adoption given as counts, not shares.** TD reports more than 40,000 colleagues on Copilot and more than 7,000 engineers using AI (May 2026). BMO reports adoption above 96% of employees, Commonwealth Bank of Australia 80% weekly AI use, and RBC more than 72,000 employees on RBC Assist or Aiden. ([Motley Fool (The Globe and Mail)](https://theglobeandmail.com/investing/markets/stocks/TD/pressreleases/2205931/td-td-q2-2026-earnings-call-transcript), [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), [Commonwealth Bank of Australia](https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Annual-Report-print.pdf), [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))

## Where does TD Bank Group 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)) |
| [Commonwealth Bank of Australia](https://www.bankingnewsai.com/banks/commonwealth-bank) | 88.2 | #7 of 140 | [20](https://www.bankingnewsai.com/banks/commonwealth-bank#sources) | [28](https://www.bankingnewsai.com/banks/commonwealth-bank#sources) | [16 of 20](https://www.bankingnewsai.com/banks/commonwealth-bank#where) | [25](https://www.bankingnewsai.com/banks/commonwealth-bank#timeline) | AI Factory, Customer Engagement Engine and CommBank Companion ([Commonwealth Bank of Australia](https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Annual-Report-print.pdf), [Commonwealth Bank of Australia](https://commbank.com.au/articles/newsroom/2025/02/amazon-web-services-collaboration.html), [OpenAI](https://openai.com/index/commonwealth-bank-of-australia), [Commonwealth Bank of Australia](https://commbank.com.au/articles/newsroom/2026/05/commbank-companion.html), [Commonwealth Bank of Australia](https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Full-Year-Results-Transcript.pdf)) |
| [Lloyds Banking Group](https://www.bankingnewsai.com/banks/lloyds) | 83.6 | #13 of 140 | [20](https://www.bankingnewsai.com/banks/lloyds#sources) | [22](https://www.bankingnewsai.com/banks/lloyds#sources) | [11 of 19](https://www.bankingnewsai.com/banks/lloyds#where) | [23](https://www.bankingnewsai.com/banks/lloyds#timeline) | Envoy agent platform, Microsoft 365 E7 and the Group LLM platform ([Lloyds Banking Group](https://lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/lloyds-banking-group-unveils-envoy.html), [Lloyds Banking Group](https://lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/lloyds-banking-group-deploys-agentic-ai-to-strengthen-real-time-.html), [Lloyds Banking Group](https://lloydsbankinggroup.com/assets/pdfs/media/press-releases/2026-press-releases/lloyds-banking-group/microsoft-365-frontier-suite.pdf), [Google Cloud](https://cloud.google.com/customers/lloydsbankinggroup)) |
| [Royal Bank of Canada](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)) |
| [BBVA](https://www.bankingnewsai.com/banks/bbva) | 77.2 | #27 of 140 | [11](https://www.bankingnewsai.com/banks/bbva#sources) | [45](https://www.bankingnewsai.com/banks/bbva#sources) | [12 of 19](https://www.bankingnewsai.com/banks/bbva#where) | [30](https://www.bankingnewsai.com/banks/bbva#timeline) | ChatGPT Enterprise, BBVA Assistants and The Eight ([OpenAI](https://openai.com/index/bbva-collaboration-expansion/), [BBVA](https://www.bbva.com/en/innovation/bbva-and-openai-seal-a-strategic-alliance-to-redefine-banking-with-artificial-intelligence), [BBVA](https://bbva.com/en/innovation/bbva-deepens-partnership-with-google-cloud-to-innovate-with-ai), [OpenAI](https://openai.com/index/bbva/), [Finextra](https://finextra.com/newsarticle/48183/bbva-call-centre-staff-develop-and-deploy-ai-agents-to-speed-up-response-times), [BBVA](https://bbva.com/en/innovation/bbva-develops-a-new-technology-architecture-with-aws-to-accelerate-its-ai-solutions), [BBVA](https://www.bbva.com/en/innovation/bbva-deploys-the-eight-its-strategy-to-transform-the-financial-experience-with-ai/), [BBVA](https://bbva.com/en/innovation/bbva-accelerates-its-artificial-intelligence-strategy-with-a-global-area-ai-transformation)) |
| [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) (this page)](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)) |
| [NatWest Group plc](https://www.bankingnewsai.com/banks/natwest) | 75.1 | #35 of 140 | [18](https://www.bankingnewsai.com/banks/natwest#sources) | [19](https://www.bankingnewsai.com/banks/natwest#sources) | [11 of 19](https://www.bankingnewsai.com/banks/natwest#where) | [20](https://www.bankingnewsai.com/banks/natwest#timeline) | Cora and the internal GenAI stack ([NatWest Group plc](https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/13022026/nwg-annual-report-and-accounts-2025.pdf), [NatWest Group plc](https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/13022026/ir-fy25-equity-slides.pdf), [NatWest Group](https://natwestgroup.com/news-and-insights/news-room/press-releases/2026/natwest-group-first-to-unveil-next-generation-of-ai-tools-to-hel.html), [NatWest Group](https://natwestgroup.com/news-and-insights/news-room/press-releases/ai-and-data/2025/mar/natwest-open-ai-collaborate-to-accelerate-cutting-edge-ai-transf.html), [NatWest Group](https://natwestgroup.com/news-and-insights/latest-stories/ai-and-data/2025/apr/deploying-new-generative-ai-technology-to-support-our-colleagues.html), [NatWest Group plc](https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/31072026/nwg-h1-2026-results.pdf)) |
| [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)) |
| [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 TD Bank Group ahead of or behind its peers?

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

| Component (weight) | TD Bank Group | Peer median | Most in the group | Place |
| --- | --- | --- | --- | --- |
| Independent sources (45%) | 23 | 18 | [HSBC (27)](https://www.bankingnewsai.com/banks/hsbc) | 2nd of 10 |
| Use cases in production (10%) | 8 | 11 | [Commonwealth Bank (16)](https://www.bankingnewsai.com/banks/commonwealth-bank) | 10th of 10 |
| Own primary disclosures (10%) | 17 | 23 | [BBVA (45)](https://www.bankingnewsai.com/banks/bbva) | 10th of 10 |
| Dated moves, last 12 months (10%) | 18 | 25 | [BBVA (30)](https://www.bankingnewsai.com/banks/bbva) | 10th of 10 |
| Disclosed numbers (5%) | 21 | 22 | [BBVA (25)](https://www.bankingnewsai.com/banks/bbva) | 6th of 10 |
| Named AI leaders (5%) | 19 | 14 | [TD Bank Group (19)](https://www.bankingnewsai.com/banks/td-bank-group) | 1st of 10 |
| Use cases described (5%) | 15 | 19 | [HSBC (21)](https://www.bankingnewsai.com/banks/hsbc) | 9th of 10 |

## What has each bank in TD Bank Group'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 |
| --- | --- | --- | --- | --- | --- |
| [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 |
| [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 |
| [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 |
| [Commonwealth Bank of Australia](https://www.bankingnewsai.com/banks/commonwealth-bank) | AI Factory, Customer Engagement Engine and CommBank Companion ([Commonwealth Bank of Australia](https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Annual-Report-print.pdf), [Commonwealth Bank of Australia](https://commbank.com.au/articles/newsroom/2025/02/amazon-web-services-collaboration.html), [OpenAI](https://openai.com/index/commonwealth-bank-of-australia), [Commonwealth Bank of Australia](https://commbank.com.au/articles/newsroom/2026/05/commbank-companion.html), [Commonwealth Bank of Australia](https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Full-Year-Results-Transcript.pdf)) | [16, incl. Matt Comyn (Chief Executive Officer)](https://www.bankingnewsai.com/banks/commonwealth-bank#people) ([Commonwealth Bank of Australia](https://commbank.com.au/articles/newsroom/2026/02/cba-approach-to-adopting-ai-report-announcement.html), [Commonwealth Bank of Australia](https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Full-Year-Results-Transcript.pdf), [OpenAI](https://openai.com/index/commonwealth-bank-of-australia)) | Measured gross benefits from AI use cases (including reinvested capacity): about A$200 million in FY26, of which about A$100 million incremental in-year; expected to double in FY27 and exceed investment (Jun 30, 2026) ([Commonwealth Bank of Australia](https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Full-Year-Results-Presentation.pdf)) | 1 patent listed on the profile, e.g. US 2025/0307709 A1 (Vector embedder for non-natural language data) ([Google Patents (USPTO)](https://patents.google.com/patent/US20250307709A1/en)) | [9 open AI roles (Oct 5, 2026); most in ML & data science](https://www.bankingnewsai.com/banks/commonwealth-bank#roles) |
| [Lloyds Banking Group](https://www.bankingnewsai.com/banks/lloyds) | Envoy agent platform, Microsoft 365 E7 and the Group LLM platform ([Lloyds Banking Group](https://lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/lloyds-banking-group-unveils-envoy.html), [Lloyds Banking Group](https://lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/lloyds-banking-group-deploys-agentic-ai-to-strengthen-real-time-.html), [Lloyds Banking Group](https://lloydsbankinggroup.com/assets/pdfs/media/press-releases/2026-press-releases/lloyds-banking-group/microsoft-365-frontier-suite.pdf), [Google Cloud](https://cloud.google.com/customers/lloydsbankinggroup)) | [16, incl. Charlie Nunn (Group Chief Executive)](https://www.bankingnewsai.com/banks/lloyds#people) ([Lloyds Banking Group](https://lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/lloyds-banking-group-plc/2026/q2/2026-lbg-hy-results.pdf), [The Guardian](https://theguardian.com/business/2026/jan/29/lloyds-charlie-nunn-warns-bankers-reskill-themselves-impact-ai), [Computer Weekly](https://computerweekly.com/news/366646854/AI-will-support-all-Lloyds-Bank-customer-interactions-by-2030)) | Value delivered by generative AI in 2025: About £50 million (more than 50 solutions deployed) (Dec 31, 2025) ([Lloyds Banking Group](https://lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/ai-driven-benefits-2026.html), [Bloomberg](https://bloomberg.com/news/articles/2026-01-29/lloyds-expects-100-million-boost-from-ai-spend-in-2026)) | 1 patent listed on the profile, e.g. US 12,095,784 B2 (Methods and systems for indicating the possibility of a cyber-attack on a computer network) ([Google Patents (USPTO)](https://patents.google.com/patent/US12095784B2/en), [Lloyds Banking Group](https://lloydsbankinggroup.com/media/press-releases/2025/lloyds-banking-group-2025/lloyds-banking-group-secures-patent-for-cybersecurity-innovation.html)) | [5 open AI roles (Oct 5, 2026); most in ML & data science](https://www.bankingnewsai.com/banks/lloyds#roles) |
| [NatWest Group plc](https://www.bankingnewsai.com/banks/natwest) | Cora and the internal GenAI stack ([NatWest Group plc](https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/13022026/nwg-annual-report-and-accounts-2025.pdf), [NatWest Group plc](https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/13022026/ir-fy25-equity-slides.pdf), [NatWest Group](https://natwestgroup.com/news-and-insights/news-room/press-releases/2026/natwest-group-first-to-unveil-next-generation-of-ai-tools-to-hel.html), [NatWest Group](https://natwestgroup.com/news-and-insights/news-room/press-releases/ai-and-data/2025/mar/natwest-open-ai-collaborate-to-accelerate-cutting-edge-ai-transf.html), [NatWest Group](https://natwestgroup.com/news-and-insights/latest-stories/ai-and-data/2025/apr/deploying-new-generative-ai-technology-to-support-our-colleagues.html), [NatWest Group plc](https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/31072026/nwg-h1-2026-results.pdf)) | [9, incl. Paul Thwaite (Group Chief Executive Officer)](https://www.bankingnewsai.com/banks/natwest#people) ([NatWest Group plc](https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/13022026/nwg-annual-report-and-accounts-2025.pdf), [NatWest Group plc](https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/31072026/nwg-h1-2026-results.pdf), [Finextra](https://finextra.com/newsarticle/47960/natwest-ceo-thwaite-says-ai-will-take-some-banking-jobs)) | Cora journeys enhanced with GenAI: 21 (17 added during 2025); all journeys targeted by end-2026 (Dec 31, 2025) ([NatWest Group plc](https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/13022026/nwg-annual-report-and-accounts-2025.pdf), [NatWest Group plc](https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/13022026/ir-fy25-equity-slides.pdf)) | Not disclosed | Not surveyed |
| [BBVA](https://www.bankingnewsai.com/banks/bbva) | ChatGPT Enterprise, BBVA Assistants and The Eight ([OpenAI](https://openai.com/index/bbva-collaboration-expansion/), [BBVA](https://www.bbva.com/en/innovation/bbva-and-openai-seal-a-strategic-alliance-to-redefine-banking-with-artificial-intelligence), [BBVA](https://bbva.com/en/innovation/bbva-deepens-partnership-with-google-cloud-to-innovate-with-ai), [OpenAI](https://openai.com/index/bbva/), [Finextra](https://finextra.com/newsarticle/48183/bbva-call-centre-staff-develop-and-deploy-ai-agents-to-speed-up-response-times), [BBVA](https://bbva.com/en/innovation/bbva-develops-a-new-technology-architecture-with-aws-to-accelerate-its-ai-solutions), [BBVA](https://www.bbva.com/en/innovation/bbva-deploys-the-eight-its-strategy-to-transform-the-financial-experience-with-ai/), [BBVA](https://bbva.com/en/innovation/bbva-accelerates-its-artificial-intelligence-strategy-with-a-global-area-ai-transformation)) | [17, incl. Carlos Torres Vila (Chair)](https://www.bankingnewsai.com/banks/bbva#people) ([BBVA](https://www.bbva.com/en/innovation/bbva-and-openai-seal-a-strategic-alliance-to-redefine-banking-with-artificial-intelligence), [BBVA](https://bbva.com/en/innovation/bbva-accelerates-its-artificial-intelligence-strategy-with-a-global-area-ai-transformation)) | Employees using ChatGPT Enterprise: About 100,000 (70%-plus weekly active; about 3 hours saved per employee per week) (Jun 11, 2026) ([OpenAI](https://openai.com/index/bbva/)) | 1 patent listed on the profile, e.g. EP 3970062 A1 (Method and system for obtaining financial information about an object from a photograph, using machine learning) ([Google Patents (EPO)](https://patents.google.com/patent/EP3970062A1/en)) | 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 |
| [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 |

## What are the latest dated moves on the AI record of TD Bank Group 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 14, 2026 | [Commonwealth Bank](https://www.bankingnewsai.com/banks/commonwealth-bank) | AGM: Comyn calls for AI regulation to keep pace ([Commonwealth Bank of Australia](https://commbank.com.au/articles/newsroom/2026/10/agm-ceo-address.html), [Commonwealth Bank of Australia](https://commbank.com.au/articles/newsroom/2026/10/agm-chair-address.html)) |
| Oct 13, 2026 | [BBVA](https://www.bankingnewsai.com/banks/bbva) | First European bank to join the Poppy agent protocol ([BBVA](https://www.bbva.com/en/innovation/bbva-helps-design-a-common-protocol-led-by-sierra-ai-and-meta-to-connect-ai-agents-with-businesses/)) |
| 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 9, 2026 | [BBVA](https://www.bankingnewsai.com/banks/bbva) | Algorithmic trading: models plus generative agents on the desk ([BBVA](https://www.bbva.com/en/enterprises/the-algorithmic-trader-how-ai-is-redefining-the-trading-desk/)) |
| 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 | [NatWest](https://www.bankingnewsai.com/banks/natwest) | Evident AI Index places NatWest 17th ([Euronews (via Yahoo Finance)](https://finance.yahoo.com/news/ubs-only-european-bank-top-054547373.html)) |
| Oct 6, 2026 | [Lloyds](https://www.bankingnewsai.com/banks/lloyds) | Evident AI index 2026: 15th again ([Euronews via Yahoo Finance](https://finance.yahoo.com/news/ubs-only-european-bank-top-054547722.html)) |
| Oct 6, 2026 | [Commonwealth Bank](https://www.bankingnewsai.com/banks/commonwealth-bank) | 2026 Evident AI Index keeps CBA fourth globally ([Commonwealth Bank of Australia](https://commbank.com.au/articles/newsroom/2026/10/commonwealth-bank-2026-evident-ai-index.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 | [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 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)) |
| Sep 25, 2026 | [NatWest](https://www.bankingnewsai.com/banks/natwest) | Voice-to-voice Spending Insights trial and Fraud Triage Agent ([NatWest Group](https://natwestgroup.com/news-and-insights/news-room/press-releases/2026/natwest-group-first-to-unveil-next-generation-of-ai-tools-to-hel.html), [Finextra](https://www.finextra.com/newsarticle/48480/natwest-unveils-ai-powered-audio-visual-spending-insights-tool)) |
| 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 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)) |
| Aug 20, 2026 | [Lloyds](https://www.bankingnewsai.com/banks/lloyds) | £100 million future-skills investment ([Lloyds Banking Group](https://lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/lloyds-banking-group-to-invest-100-million-in-future-skills.html)) |
| 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 TD's AI value reporting compare with its Canadian and global peers?

Each bank's own definition and period. TD and RBC count revenue and cost; CBA reports measured gross benefits; Lloyds reports value from generative AI only.

| Bank | Target | Delivered as disclosed | As of |
| --- | --- | --- | --- |
| 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)) |
| RBC | C$700 million to C$1 billion of enterprise value by fiscal 2027, net of investments | Not yet visible in results (February 2026) | February 26, 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)) |
| BMO Financial Group | About C$1 billion a year of pre-provision, pre-tax income 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 | None separately; AI sits in 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)) |
| Commonwealth Bank of Australia | Gross benefits to double in FY27 and exceed investment | About A$200 million of measured gross benefits in FY26 | June 30, 2026 ([Commonwealth Bank of Australia](https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Full-Year-Results-Presentation.pdf)) |
| Lloyds | More than £100 million from generative and agentic AI in 2026 | About £50 million from generative AI in 2025 | July 30, 2026 ([Lloyds Banking Group](https://lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/ai-driven-benefits-2026.html), [Lloyds Banking Group](https://lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/lloyds-banking-group-plc/2026/q2/2026-lbg-hy-results.pdf)) |

## How does TD's agentic mortgage work compare with peers' AI in credit?

| Bank | What it does | Reported effect | As of |
| --- | --- | --- | --- |
| TD Bank Group | Agentic mortgage pre-adjudication; agents extended to mortgage funding and discharge | Pre-adjudication from an average 15 hours to under three minutes; used on 100% of new personal mortgages | May-October 2026 ([TD Bank Group](https://stories.td.com/ca/en/news/2026-05-21-td-launches-agentic-ai-to-transform-real-estate-secured-lend), [Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-index)) |
| RBC | ATOM foundation model in retail credit adjudication | About 40% more credit-limit increases for newcomers, close to C$300 million of extra credit | 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), [Royal Bank of Canada](https://rbc.com/newsroom/news/article.html?article=126132)) |
| BMO Financial Group | Aura drafts commercial credit-assessment commentary | Target of roughly 50% less underwriting time by fiscal 2028 | August 6, 2026 ([BMO Financial Group (BMO AI Hub)](https://ai.bmo.com/our-stories/aura-helping-power-bmos-goal-of-50-faster-underwriting-by-2028)) |
| Scotiabank | AI in mortgage-underwriting verification | Almost 70% less verification time (management statement) | September 14, 2026 ([Investing.com](https://investing.com/news/transcripts/scotiabank-at-barclays-conference-strategy-lifts-margins-and-growth-93CH-4900067)) |
| Commonwealth Bank of Australia | CommBank Companion for home-buying questions; NameCheck on first-time payments | One third of customers given Companion access | August 2026 ([Commonwealth Bank of Australia](https://commbank.com.au/articles/newsroom/2026/05/commbank-companion.html), [Commonwealth Bank of Australia](https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Full-Year-Results-Presentation.pdf)) |

## How do TD's staff AI tools compare in reach with its peers'?

Reach is defined differently from bank to bank (users, access, adoption share), so read the date and definition with each number.

| Bank | Platform | Reach as disclosed | As of |
| --- | --- | --- | --- |
| 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 in 1,000-plus branches | 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)) |
| RBC | RBC Assist and Aiden | More than 72,000 employees | 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)) |
| 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 | June 10, 2026 ([Scotiabank (CNW via Yahoo Finance)](https://finance.yahoo.com/news/scotiabank-accelerates-enterprise-adoption-ai-120000272.html)) |
| Commonwealth Bank of Australia | ChatGPT Enterprise and Microsoft 365 Copilot | 78% with access to enhanced AI platforms; 80% weekly AI use | June 30, 2026 ([Commonwealth Bank of Australia](https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Annual-Report-print.pdf)) |
| Lloyds | Microsoft 365 Copilot and GitHub Copilot | 40,000 Copilot licences, 97% active; more than 11,000 engineers on GitHub Copilot | June-July 2026 ([Lloyds Banking Group](https://lloydsbankinggroup.com/assets/pdfs/media/press-releases/2026-press-releases/lloyds-banking-group/microsoft-365-frontier-suite.pdf), [Lloyds Banking Group](https://lloydsbankinggroup.com/assets/pdfs/who-we-are/accelerate-2030/2026-lbg-hy-strategy-presentation.pdf)) |
| HSBC | HSBC Productivity Suite | About 85% of colleagues enabled; 31,000 engineers with a coding assistant | February 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)) |

## Which banks are TD Bank Group's peers, and why these?

The Toronto-Dominion Bank (TD Bank Group) is compared here with Royal Bank of Canada, Bank of Montreal (BMO Financial Group), The Bank of Nova Scotia (Scotiabank), Commonwealth Bank of Australia, Lloyds Banking Group, NatWest Group plc, BBVA, Banco Santander and HSBC: chosen by the editors for this page (see the note below the table). The Toronto-Dominion Bank (TD Bank Group) is classed as a regional or retail-commercial bank headquartered in Canada.

The computed group compared TD with retail-led banks in Europe and Asia but left out BMO and Scotiabank, so this page puts TD's three Canadian Big Five rivals first (RBC, BMO, Scotiabank) and keeps the large retail-led groups that, like TD, report AI value or run big domestic franchises (Commonwealth Bank of Australia, Lloyds, NatWest, BBVA, Santander, HSBC).

## Common questions

### Is TD better than RBC at AI?

The record cannot settle capability. On disclosure, RBC scores 80.2 on this site's index and TD 75.3, and Evident's 2026 index ranks RBC third and TD 10th of 50 banks. TD reports more delivered value so far (C$195 million in nine months of fiscal 2026); RBC reports a larger target (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))

### How does TD's AI target compare with BMO's?

TD targets C$1 billion a year of AI value over the medium term, half revenue and half cost savings, and reported C$195 million in the first three quarters of fiscal 2026. BMO targets about C$1 billion a year of pre-provision, pre-tax income from AI initiatives by 2030 and says no initiative starts without an expected one-basis-point improvement. ([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), [American Banker](https://www.americanbanker.com/news/its-lazy-bmos-milchanowski-on-ai-related-layoffs))

### What is Layer 6 and how does it compare with RBC Borealis?

Layer 6 is TD's AI research and engineering arm, acquired in 2018, which built the TD AI Prism foundation model and the agentic mortgage model; it is growing from about 90 to about 240 staff. RBC Borealis, launched in 2016, built the Lumina platform and the ATOM foundation model and has more than 100 PhD scientists. ([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), [The Globe and Mail](https://theglobeandmail.com/business/article-promise-of-ai-canada-biggest-banks-rbc-td-cibc-revenue), [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))

### Where does TD rank among Canadian banks on AI?

On Evident's 2026 AI Index TD is 10th of 50 banks worldwide and second in Canada behind RBC (third); BMO placed 20th. On this site's disclosure index RBC (80.2) leads the Canadian banks, TD (75.3) and Scotiabank (75.5) are close to level behind it, and BMO (73.2) follows. ([Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-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), [BMO (CNW via FT Markets)](https://markets.ft.com/data/announce/full?dockey=600-202610060700CANADANWCANADAPR_C6630-1))

### Which bank uses more AI in mortgages, TD or Scotiabank?

Both use AI in mortgage processing. TD says its agentic mortgage model cut pre-adjudication from an average 15 hours to under three minutes and Evident says it runs on 100% of new personal mortgages. Scotiabank management says AI cut mortgage-underwriting verification time by almost 70% (September 2026). ([TD Bank Group](https://stories.td.com/ca/en/news/2026-05-21-td-launches-agentic-ai-to-transform-real-estate-secured-lend), [Financial Post](https://financialpost.com/technology/td-ai-top-10-global-bank-index), [Investing.com](https://investing.com/news/transcripts/scotiabank-at-barclays-conference-strategy-lifts-margins-and-growth-93CH-4900067))

### Does TD use AI in its US bank?

Yes, though TD runs its AI programme at group level. The group says more than 40,000 colleagues use Copilot, and TD's US bank has 1,800 developers on GitHub Copilot with a 30% to 40% gain in technology capacity. The US arm is covered on its own page because it operates under a US asset limitation. ([Motley Fool (The Globe and Mail)](https://theglobeandmail.com/investing/markets/stocks/TD/pressreleases/2205931/td-td-q2-2026-earnings-call-transcript), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/td-bank-targets-100-u-230222427.html), [TD Bank Group (SEC filing)](https://www.sec.gov/Archives/edgar/data/947263/000156276225000289/ex992.htm))

## Peers on this site

- [Royal Bank of Canada AI strategy](https://www.bankingnewsai.com/banks/rbc) · [vs peers](https://www.bankingnewsai.com/banks/rbc/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)
- [Commonwealth Bank of Australia AI strategy](https://www.bankingnewsai.com/banks/commonwealth-bank) · [vs peers](https://www.bankingnewsai.com/banks/commonwealth-bank/vs-peers)
- [Lloyds Banking Group AI strategy](https://www.bankingnewsai.com/banks/lloyds) · [vs peers](https://www.bankingnewsai.com/banks/lloyds/vs-peers)
- [NatWest Group plc AI strategy](https://www.bankingnewsai.com/banks/natwest) · [vs peers](https://www.bankingnewsai.com/banks/natwest/vs-peers)
- [BBVA AI strategy](https://www.bankingnewsai.com/banks/bbva) · [vs peers](https://www.bankingnewsai.com/banks/bbva/vs-peers)
- [Banco Santander AI strategy](https://www.bankingnewsai.com/banks/santander) · [vs peers](https://www.bankingnewsai.com/banks/santander/vs-peers)
- [HSBC AI strategy](https://www.bankingnewsai.com/banks/hsbc) · [vs peers](https://www.bankingnewsai.com/banks/hsbc/vs-peers)

## Sources

1. 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
2. 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
3. #4 Maksims Volkovs drives TD Bank's AI transformation — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/td-banks-maksims-volkovs-is-4-on-the-most-innovative-people-in-finance-ranking
4. 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/
5. Strategic Update, December 3, 2025 — Royal Bank of Canada, Dec 3, 2025. https://www.rbc.com/investor-relations/_assets-custom/pdf/2025q4strategicupdate.pdf
6. 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
7. TD Launches Agentic AI to Transform Real Estate Secured Lending from End to End — TD Bank Group, May 21, 2026. https://stories.td.com/ca/en/news/2026-05-21-td-launches-agentic-ai-to-transform-real-estate-secured-lend
8. 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
9. TD (TD) Q2 2026 Earnings Call Transcript — Motley Fool (The Globe and Mail), May 29, 2026. https://theglobeandmail.com/investing/markets/stocks/TD/pressreleases/2205931/td-td-q2-2026-earnings-call-transcript
10. TD Bank Group Q4 2025 Earnings Conference Call transcript — TD Bank Group, Dec 4, 2025. https://td.com/content/dam/tdcom/canada/about-td/pdf/quarterly-results/2025/q4/2025-q4-td-transcript.pdf
11. 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
12. Scotiabank (BNS) Q3 2026 Earnings Call Transcript — Motley Fool via Yahoo Finance, Sep 1, 2026. https://finance.yahoo.com/markets/stocks/articles/scotiabank-bns-q3-2026-earnings-131521404.html
13. How the promise of AI is taking hold at Canada's biggest banks — The Globe and Mail, Apr 18, 2026. https://theglobeandmail.com/business/article-promise-of-ai-canada-biggest-banks-rbc-td-cibc-revenue
14. TD announces $25 million strategic relationship with Cohere to support AI adoption — TD Bank Group (CNW via Yahoo Finance), Sep 22, 2026. https://finance.yahoo.com/news/td-announces-25-million-strategic-200000614.html
15. Scotiabank at Barclays conference: strategy lifts margins and growth (transcript) — Investing.com, Sep 14, 2026. https://investing.com/news/transcripts/scotiabank-at-barclays-conference-strategy-lifts-margins-and-growth-93CH-4900067
16. RBC retains top spot, TD stumbles as AI race in banking intensifies — Financial Post, Oct 8, 2025. https://financialpost.com/technology/rbc-retains-top-spot-td-stumbles-as-ai-race-in-banking-intensifies
17. 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
18. Commonwealth Bank recognised as Asia-Pacific's leading AI bank — Commonwealth Bank of Australia, Oct 6, 2026. https://commbank.com.au/articles/newsroom/2026/10/commonwealth-bank-2026-evident-ai-index.html
19. 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
20. 2026 Annual Report — Commonwealth Bank of Australia, Aug 12, 2026. https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Annual-Report-print.pdf
21. 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
22. 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
23. 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
24. 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
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. CommBank and AWS expand collaboration to deliver global best cloud and AI capabilities, enabling idea to production in six weeks — Commonwealth Bank of Australia, Feb 5, 2025. https://commbank.com.au/articles/newsroom/2025/02/amazon-web-services-collaboration.html
27. Commonwealth Bank of Australia builds AI fluency at scale — OpenAI, Dec 9, 2025. https://openai.com/index/commonwealth-bank-of-australia
28. Reimagining banking with CommBank Companion — Commonwealth Bank of Australia, May 26, 2026. https://commbank.com.au/articles/newsroom/2026/05/commbank-companion.html
29. CBA 2026 Full Year Results Transcript — Commonwealth Bank of Australia, Aug 12, 2026. https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Full-Year-Results-Transcript.pdf
30. Lloyds Banking Group unveils Envoy - a new platform for building AI agents safely at scale — Lloyds Banking Group, May 1, 2026. https://lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/lloyds-banking-group-unveils-envoy.html
31. Lloyds Banking Group deploys agentic AI to strengthen real-time fraud protection — Lloyds Banking Group, Jun 8, 2026. https://lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/lloyds-banking-group-deploys-agentic-ai-to-strengthen-real-time-.html
32. Lloyds Banking Group one of the first UK organisations to deploy Microsoft 365: The Frontier Suite — Lloyds Banking Group, Jun 4, 2026. https://lloydsbankinggroup.com/assets/pdfs/media/press-releases/2026-press-releases/lloyds-banking-group/microsoft-365-frontier-suite.pdf
33. Lloyds Banking Group: Improving customer experience with machine learning (undated page, retrieved 2026-10-05) — Google Cloud, Oct 5, 2026. https://cloud.google.com/customers/lloydsbankinggroup
34. RBC's proprietary AI foundation model for financial services aims to enhance personalized client experience — Royal Bank of Canada (CNW via Yahoo Finance), Jul 29, 2025. https://finance.yahoo.com/news/rbcs-proprietary-ai-foundation-model-140100158.html
35. RBC creates new AI Group to help bring top AI opportunities to market — Royal Bank of Canada, Feb 18, 2026. https://rbc.com/newsroom/article.html?article=126074
36. Royal Bank of Canada Annual Report 2025 (EX-99.1, filed with the SEC) — Royal Bank of Canada (SEC filing), Dec 3, 2025. https://sec.gov/Archives/edgar/data/1000275/000119312525305934/d73208dex991.pdf
37. RBC Capital Markets Advances Research and Banking Capabilities With Agentic AI (undated page, retrieved 2026-10-05) — NVIDIA, Oct 5, 2026. https://nvidia.com/en-us/case-studies/rbc-capital-markets
38. BBVA and OpenAI collaborate to transform global banking — OpenAI, Dec 12, 2025. https://openai.com/index/bbva-collaboration-expansion/
39. BBVA and OpenAI Seal a Strategic Alliance to Redefine Banking with Artificial Intelligence — BBVA, Dec 12, 2025. https://www.bbva.com/en/innovation/bbva-and-openai-seal-a-strategic-alliance-to-redefine-banking-with-artificial-intelligence
40. BBVA deepens partnership with Google Cloud to innovate with AI — BBVA, Jul 2, 2025. https://bbva.com/en/innovation/bbva-deepens-partnership-with-google-cloud-to-innovate-with-ai
41. BBVA puts AI at the core of banking with OpenAI — OpenAI, Jun 11, 2026. https://openai.com/index/bbva/
42. BBVA call centre staff develop and deploy AI agents to speed up response times — Finextra, Aug 4, 2026. https://finextra.com/newsarticle/48183/bbva-call-centre-staff-develop-and-deploy-ai-agents-to-speed-up-response-times
43. BBVA develops a new technology architecture with AWS to accelerate its AI solutions — BBVA, Jun 5, 2026. https://bbva.com/en/innovation/bbva-develops-a-new-technology-architecture-with-aws-to-accelerate-its-ai-solutions
44. BBVA deploys 'The Eight,' its strategy to transform the financial experience with AI — BBVA, Dec 12, 2025. https://www.bbva.com/en/innovation/bbva-deploys-the-eight-its-strategy-to-transform-the-financial-experience-with-ai/
45. BBVA Accelerates Its Artificial Intelligence Strategy With A Global Area: AI Transformation — BBVA, May 28, 2026. https://bbva.com/en/innovation/bbva-accelerates-its-artificial-intelligence-strategy-with-a-global-area-ai-transformation
46. 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
47. Scotiabank Accelerates Enterprise Adoption of AI with New Scotia Intelligence Capabilities — Scotiabank (CNW via Yahoo Finance), Jun 10, 2026. https://finance.yahoo.com/news/scotiabank-accelerates-enterprise-adoption-ai-120000272.html
48. Scotiabank Equips Employees with AI-Powered Knowledge Agents Through Scotia Intelligence — Scotiabank (CNW via Yahoo Finance), Jul 31, 2026. https://finance.yahoo.com/technology/ai/articles/scotiabank-equips-employees-ai-powered-120000781.html
49. Bank Nova Scotia Halifax Pfd 3 (BNS) Q2 FY2026 earnings call transcript — Yahoo Finance, May 27, 2026. https://finance.yahoo.com/quote/BNS/earnings/BNS-Q2-2026-earnings_call-566349.html
50. Scotiabank Equips Global Staff With New Scotia Intelligence AI — PYMNTS, Apr 13, 2026. https://pymnts.com/news/artificial-intelligence/2026/scotiabank-equips-global-staff-with-new-scotia-intelligence-ai
51. 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
52. TD (TD) Q3 2026 Earnings Call Transcript — Motley Fool (Yahoo Finance), Aug 31, 2026. https://finance.yahoo.com/markets/stocks/articles/td-td-q3-2026-earnings-132153119.html
53. NatWest Group plc 2025 Annual Report and Accounts — NatWest Group plc, Feb 13, 2026. https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/13022026/nwg-annual-report-and-accounts-2025.pdf
54. FY 2025 Results (equity investor slides, February 2026) — NatWest Group plc, Feb 13, 2026. https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/13022026/ir-fy25-equity-slides.pdf
55. NatWest Group first to unveil next generation of AI tools to help customers manage money and receive fraud support — NatWest Group, Sep 25, 2026. https://natwestgroup.com/news-and-insights/news-room/press-releases/2026/natwest-group-first-to-unveil-next-generation-of-ai-tools-to-hel.html
56. NatWest & OpenAI collaborate to accelerate cutting-edge AI transformation in support of bank-wide simplification and enhanced customer experience — NatWest Group, Mar 20, 2025. https://natwestgroup.com/news-and-insights/news-room/press-releases/ai-and-data/2025/mar/natwest-open-ai-collaborate-to-accelerate-cutting-edge-ai-transf.html
57. Deploying new generative AI technology to support our colleagues — NatWest Group, Apr 30, 2025. https://natwestgroup.com/news-and-insights/latest-stories/ai-and-data/2025/apr/deploying-new-generative-ai-technology-to-support-our-colleagues.html
58. NatWest Group Interim Results 2026 — NatWest Group plc, Jul 31, 2026. https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/31072026/nwg-h1-2026-results.pdf
59. BMO Establishes Institute for Applied Artificial Intelligence & Quantum — BMO Financial Group, Apr 9, 2026. https://newsroom.bmo.com/2026-04-09-BMO-Establishes-Institute-for-Applied-Artificial-Intelligence-Quantum
60. Meet Lumi Assistant: BMO’s award-winning AI tool empowering Team BMO — BMO Financial Group, Jun 24, 2025. https://www.bmo.com/en-ca/main/about-bmo/news-insights/blog/meet-lumi-assistant-bmos-award-winning-ai-tool-empowering-team-bmo/
61. Aura: Helping power BMO's goal of 50% faster underwriting by 2028 - BMO Ai Hub — BMO Financial Group (BMO AI Hub), Aug 6, 2026. https://ai.bmo.com/our-stories/aura-helping-power-bmos-goal-of-50-faster-underwriting-by-2028
62. BMO (BMO) Q3 2026 Earnings Call Transcript — Motley Fool via Yahoo Finance, Sep 1, 2026. https://finance.yahoo.com/markets/stocks/articles/bmo-bmo-q3-2026-earnings-174320317.html
63. 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
64. Bank of Montreal Form 40-F for fiscal 2025, Exhibit 99.2: 208th Annual Report 2025, Management's Discussion and Analysis — Bank of Montreal (SEC filing), Dec 4, 2025. https://www.sec.gov/Archives/edgar/data/927971/000119312525307982/d938207dex992.htm
65. Santander turns its AI-first strategy into measurable impact and extends AI access to all 185,000 employees — Banco Santander, Jun 22, 2026. https://santander.com/en/stories/santander-turns-its-ai-first-strategy-into-measurable-impact-and-extends-ai-access-to-all-185000-employees
66. 2025 Annual report — Banco Santander, Feb 26, 2026. https://santander.com/content/dam/santander-com/en/documentos/informe-financiero-anual/2025/ifa-2025-consolidated-annual-financial-report-en.pdf
67. Driving our transformation with the creation of the Global Data & AI function — Banco Santander, Oct 8, 2025. https://www.santander.com/en/stories/driving-our-transformation-with-the-creation-of-the-global-data-ai-function
68. TD Bank Group announces senior leadership appointments to further accelerate strategy — TD Bank Group, Sep 3, 2026. https://stories.td.com/ca/en/news/2026-09-03-td-bank-group-announces-senior-leadership-appointments-to-fu
69. How AI is Permeating Work Throughout TD Bank, and Lessons Learned — The Financial Brand, Feb 20, 2026. https://thefinancialbrand.com/news/banking-technology/td-bank-ai-genai-agentic-195829
70. US 2025/0119396 A1: Charge card knowledge chatbot — Google Patents (USPTO), Apr 10, 2025. https://patents.google.com/patent/US20250119396A1/en
71. ROYAL BANK OF CANADA (RY.TO) Q3 FY2026 earnings call transcript — Yahoo Finance, Aug 27, 2026. https://finance.yahoo.com/quote/RY.TO/earnings/RY.TO-Q3-2026-earnings_call-609036.html
72. RBC Expects to Gain Over $700 Million of Enterprise Value From AI — PYMNTS, Dec 3, 2025. https://pymnts.com/earnings/2025/rbc-expects-to-gain-over-700-million-of-enterprise-value-from-ai
73. US12367375B2: System and method for structure learning for graph neural networks (Royal Bank of Canada) — Google Patents (USPTO), Jul 22, 2025. https://patents.google.com/patent/US12367375B2/en
74. #39 Kristin Milchanowski's AI for All initiative is based on an "innovation without empathy is empty" premise — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/bmos-kristin-milchanowski-is-39-on-the-most-innovative-people-in-finance-ranking
75. Return On Intelligence: Kristin Milchanowski, Ph.D. (undated page, retrieved 2026-10-14) — BMO Financial Group, Oct 14, 2026. https://www.bmo.com/en-us/main/about-bmo/our-impact/clients/technology-innovation/return-on-intelligence/
76. US20260119566A1: Machine learning based database search and knowledge mining — Google Patents (USPTO), Apr 30, 2026. https://patents.google.com/patent/US20260119566A1/en
77. US12242799B2: System and method for reviewing and evaluating discrepancies between two or more documents — Google Patents (USPTO), Mar 4, 2025. https://patents.google.com/patent/US12242799B2/en
78. CommBank releases Australian-first report outlining how it is adopting AI — Commonwealth Bank of Australia, Feb 4, 2026. https://commbank.com.au/articles/newsroom/2026/02/cba-approach-to-adopting-ai-report-announcement.html
79. CBA 2026 Full Year Results Presentation — Commonwealth Bank of Australia, Aug 12, 2026. https://commbank.com.au/content/dam/commbank-assets/investors/2026/CBA-2026-Full-Year-Results-Presentation.pdf
80. US20250307709A1 - Vector embedder for non-natural language data — Google Patents (USPTO), Oct 2, 2025. https://patents.google.com/patent/US20250307709A1/en
81. Lloyds Banking Group plc 2026 Half-Year Results (news release) — Lloyds Banking Group, Jul 30, 2026. https://lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/lloyds-banking-group-plc/2026/q2/2026-lbg-hy-results.pdf
82. Lloyds boss warns bankers must 'reskill themselves' to survive AI boom — The Guardian, Jan 29, 2026. https://theguardian.com/business/2026/jan/29/lloyds-charlie-nunn-warns-bankers-reskill-themselves-impact-ai
83. AI will support all Lloyds Bank customer interactions by 2030 (undated page, retrieved 2026-10-05) — Computer Weekly, Oct 5, 2026. https://computerweekly.com/news/366646854/AI-will-support-all-Lloyds-Bank-customer-interactions-by-2030
84. Lloyds Banking Group expects over £100 million in value from next-generation AI in 2026 — Lloyds Banking Group, Jan 29, 2026. https://lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/ai-driven-benefits-2026.html
85. Lloyds Expects £100 Million Boost from AI Spend in 2026 — Bloomberg, Jan 29, 2026. https://bloomberg.com/news/articles/2026-01-29/lloyds-expects-100-million-boost-from-ai-spend-in-2026
86. US12095784B2 - Methods and systems for indicating the possibility of a cyber-attack on a computer network — Google Patents (USPTO), Sep 17, 2024. https://patents.google.com/patent/US12095784B2/en
87. Lloyds Banking Group secures patent for cybersecurity innovation — Lloyds Banking Group, Mar 14, 2025. https://lloydsbankinggroup.com/media/press-releases/2025/lloyds-banking-group-2025/lloyds-banking-group-secures-patent-for-cybersecurity-innovation.html
88. NatWest CEO Thwaite says AI will take some banking jobs — Finextra, Jun 19, 2026. https://finextra.com/newsarticle/47960/natwest-ceo-thwaite-says-ai-will-take-some-banking-jobs
89. EP3970062A1: Method and system for obtaining information about an object based on a photograph thereof — Google Patents (EPO), Mar 23, 2022. https://patents.google.com/patent/EP3970062A1/en
90. 2026 Santander Investor Day — Banco Santander, Feb 25, 2026. https://santander.com/en/press-room/press-releases/2026/02/2026-santander-investor-day
91. Santander's Botin Sees €1 Billion AI Boost Amid Efficiency Push — Bloomberg, Feb 25, 2026. https://bloomberg.com/news/articles/2026-02-25/santander-s-botin-sees-1-billion-ai-boost-amid-efficiency-push
92. Annual Results 2025 Presentation to Investors and Analysts - Transcript — HSBC Holdings plc, Feb 26, 2026. https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260226-annual-results-to-investors-and-analysts-transcript.pdf
93. Don't fight AI, HSBC CEO tells staff as banks begin job cuts — Reuters, May 20, 2026. https://reuters.com/legal/legalindustry/dont-fight-ai-hsbc-ceo-tells-staff-banks-begin-job-cuts-2026-05-20
94. Annual Results 2025 Presentation to Investors and Analysts — HSBC Holdings plc, Feb 25, 2026. https://hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260225-annual-results-2025-presentation-to-investors-and-analysts.pdf
95. US 2024/0412221 A1: Systems and methods for machine learning using adversarial learning and data transformation — Google Patents (USPTO), Dec 12, 2024. https://patents.google.com/patent/US20240412221A1/en
96. 2026 Commonwealth Bank AGM: CEO's address — Commonwealth Bank of Australia, Oct 14, 2026. https://commbank.com.au/articles/newsroom/2026/10/agm-ceo-address.html
97. 2026 Commonwealth Bank AGM: Chair's address — Commonwealth Bank of Australia, Oct 14, 2026. https://commbank.com.au/articles/newsroom/2026/10/agm-chair-address.html
98. BBVA will help design a common protocol led by Sierra AI and Meta to connect AI agents with businesses — BBVA, Oct 13, 2026. https://www.bbva.com/en/innovation/bbva-helps-design-a-common-protocol-led-by-sierra-ai-and-meta-to-connect-ai-agents-with-businesses/
99. TD expands agentic AI across mortgage operations to make banking faster, simpler and more human — TD Bank Group (Canada Newswire via Yahoo Finance), Oct 13, 2026. https://finance.yahoo.com/technology/ai/articles/td-expands-agentic-ai-across-093000362.html
100. TD Bank at Scotiabank summit: profit gains, AI push lift outlook (transcript) — Investing.com, Sep 9, 2026. https://investing.com/news/transcripts/td-bank-at-scotiabank-summit-profit-gains-ai-push-lift-outlook-93CH-4894177
101. Ant Digital Technologies and HSBC announce successful AI agent micropayment technical verification test — Ant Digital Technologies (PR Newswire via Yahoo Finance), Oct 9, 2026. https://finance.yahoo.com/technology/ai/articles/ant-digital-technologies-hsbc-announce-063000243.html
102. The Algorithmic Trader: How AI Is Redefining the Trading Desk — BBVA, Oct 9, 2026. https://www.bbva.com/en/enterprises/the-algorithmic-trader-how-ai-is-redefining-the-trading-desk/
103. Annual Risk Outlook: Semi-annual update, fiscal year 2026-2027 — Office of the Superintendent of Financial Institutions, Oct 8, 2026. https://www.osfi-bsif.gc.ca/en/about-osfi/reports-publications/annual-risk-outlook-semi-annual-update-fiscal-year-2026-2027
104. HSBC plans deep job cuts in UK wealth management amid AI push, FT reports — Investing.com, Oct 7, 2026. https://investing.com/news/stock-market-news/hsbc-plans-deep-job-cuts-in-uk-wealth-management-as-it-expands-ai-use-ft-reports-4935586
105. HSBC 'consults' over UK unit job cuts amid AI adoption — AFP (via Yahoo Finance), Oct 7, 2026. https://finance.yahoo.com/technology/ai/articles/hsbc-consults-over-uk-unit-142727951.html
106. UBS only European bank in top 10 of AI adoption as JPMorgan Chase leads — Euronews (via Yahoo Finance), Oct 7, 2026. https://finance.yahoo.com/news/ubs-only-european-bank-top-054547373.html
107. UBS only European bank in top 10 of AI adoption as JPMorgan Chase leads — Euronews via Yahoo Finance, Oct 7, 2026. https://finance.yahoo.com/news/ubs-only-european-bank-top-054547722.html
108. Banks embrace AI, but need to show tech is benefiting bottom lines, report finds — The Globe and Mail, Oct 6, 2026. https://www.theglobeandmail.com/business/article-banking-ai-rbc-td-cibc-bmo-scotiabank-bottom-lines-report/
109. JPMorganChase still tops AI ranking as big-bank lead widens — American Banker, Oct 6, 2026. https://americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens
110. NatWest unveils AI-powered audio-visual spending insights tool — Finextra, Sep 25, 2026. https://www.finextra.com/newsarticle/48480/natwest-unveils-ai-powered-audio-visual-spending-insights-tool
111. A2K: a new protocol suite for connecting AI agents to governed, auditable enterprise knowledge — Banco Santander, Sep 23, 2026. https://www.santander.com/en/stories/a2k-a-new-protocol-for-connecting-ai-agents-to-governed-auditable-enterprise-knowledge
112. Lloyds Banking Group to invest £100 million in future skills as it expands support for young people — Lloyds Banking Group, Aug 20, 2026. https://lloydsbankinggroup.com/media/press-releases/2026/lloyds-banking-group/lloyds-banking-group-to-invest-100-million-in-future-skills.html
113. When speed meets quality: How we make AI products measurable at Santander — Banco Santander, Jul 30, 2026. https://santander.com/en/stories/when-speed-meets-quality-how-we-make-ai-products-measurable-at-santander
114. 2026 BMO Investor Day presentation — BMO Financial Group (investor relations), Mar 26, 2026. https://www.bmo.com/ir/files/pdfs/BMOInvestorDayPresentation.pdf
115. 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
116. 2026 half year strategy presentation (Accelerate 2030) — Lloyds Banking Group, Jul 30, 2026. https://lloydsbankinggroup.com/assets/pdfs/who-we-are/accelerate-2030/2026-lbg-hy-strategy-presentation.pdf
117. 'It's lazy:' BMO's Milchanowski on AI-related layoffs — American Banker, Jun 17, 2026. https://www.americanbanker.com/news/its-lazy-bmos-milchanowski-on-ai-related-layoffs
118. 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
119. TD Bank Targets 100 U.S. Branches as AML Remediation Continues — MarketBeat (Yahoo Finance), Sep 17, 2026. https://finance.yahoo.com/markets/stocks/articles/td-bank-targets-100-u-230222427.html
120. TD Bank Group 2025 Annual Report: Management's Discussion and Analysis (Form 40-F, Exhibit 99.2) — TD Bank Group (SEC filing), Dec 4, 2025. https://www.sec.gov/Archives/edgar/data/947263/000156276225000289/ex992.htm

---

Canonical page: https://www.bankingnewsai.com/banks/td-bank-group/vs-peers
Part of [BankingNewsAI](https://www.bankingnewsai.com/). Markdown versions of every reference page: append `.md` to the page URL; index at https://www.bankingnewsai.com/llms.txt.