What AI research, patents and partnerships does TD Bank have?
TD does its AI research in Layer 6, the Toronto lab it acquired in 2018. TD described Layer 6 in June 2025 as having grown from about 20 people to more than 200; American Banker put chief AI scientist Maksims Volkovs' team at 130-plus in 2026, and TD says he has overseen nearly 100 use cases and more than 150 patent filings. Its flagship is TD AI Prism, a predictive foundation model launched in June 2025 that TD says lifted marketing-campaign response rates more than 40%. Granted US patents include real-time credit scoring on encrypted data (September 2024), transformer training without normalisation layers with Volkovs as lead inventor (June 2025) and collaborative training on private data sets (May 2026); 2026 applications cover fairness under differential privacy and LLM responses grounded in previous conversations. Banking Dive reported TD produced 4% of bank AI publications in 2024. Partners: OpenAI enterprise GPT through TD's Microsoft Azure relationship for the TD Securities assistant; Cohere, with up to C$25 million over three years (September 2026); and the MIT Media Lab's sAIpien programme (October 2025). TD opened a Layer 6 office in New York for the US bank in April 2025.[1][2][3][4][5][6][7][8][9][10][11][12][13][14][15]
Data as of Oct 16, 2026 · TD profile updated Oct 13, 2026 · 29 sources cited on this page · 140 banks profiled on this site · Markdown
Which AI patents has TD been granted or filed recently?
Assignee Toronto-Dominion Bank, from Google Patents. A relevance-selected sample; applications are not yet rights.
| Number | Title | Status | Date |
|---|---|---|---|
| US 12,639,628 B2 | Distributed model training with collaboration weights, so systems learn together without revealing private data sets | Granted | May 26, 2026[8] |
| US 2026/0072967 A1 | Generating a response in a communication session from previous conversation content retrieved from a vector database, using a large language model | Application published | March 12, 2026[10] |
| US 2026/0037667 A1 | Identifying and mitigating disparate group impact in differential-privacy machine-learned models (inventors include Jesse Cresswell) | Application published | February 5, 2026[9] |
| US 12,321,861 B2 | Initialising transformer networks to train without normalisation layers or learning-rate warm-up (lead inventor Maksims Volkovs) | Granted | June 3, 2025[7] |
| US 12,079,351 B2 | Trained machine-learning process on encrypted event data to predict a credit score in real time at a third-party cluster | Granted | September 3, 2024[6] |
| US 2024/0330772 A1 | Calibrated model intervention with conformal thresholds | Application published | 2024[16] |
| Portfolio | Layer 6: more than 150 patents; Jesse Cresswell (Trustworthy AI lead) has more than 100 filings and was TD Inventor of the Year 2024 | Totals | 2025-2026[3][1] |
Who are TD's AI partners?
| Partner | Type | What it is | Date |
|---|---|---|---|
| OpenAI (via Microsoft Azure) | Model provider | TD Securities AI Virtual Assistant runs on OpenAI enterprise GPT, chosen as an extension of TD's Microsoft and Azure partnership; built with Layer 6 | October 2025[12][17] |
| Cohere | Model provider and partner | Up to C$25 million over three years; a Cohere team works beside Layer 6 at MaRS on knowledge management, security and responsible adoption | September 22, 2026[13] |
| MIT Media Lab (sAIpien) | Research programme | Founding financial-services collaborator on trust, auditability and human-AI collaboration | October 28, 2025[14] |
| Layer 6 | Acquisition | Toronto AI research firm, now TD's AI R&D centre; New York office opened for the US bank | 2018; April 2025[15] |
| GitHub Copilot | Vendor | 1,800 US developers; group-wide over 7,000 engineers use AI for software development | 2026[18][19] |
What has Layer 6 built and published?
| Output | What it is | Date |
|---|---|---|
| TD AI Prism | Predictive foundation model built in-house over three years; over 40% higher marketing-campaign response rates since deployment | June 11, 2025[4][5] |
| Knowledge-management assistants | Contact centre, TD Securities, TD Wealth, branch (17,000 colleagues) and TD Insurance virtual assistants | 2024-2026[5] |
| First agentic model | Real-estate secured lending pre-adjudication memos; extended to funding and discharge in October 2026 | May 21, 2026[20][21] |
| Published research share | 4% of bank AI publications in 2024, fifth among banks (Evident data via Banking Dive) | September 25, 2025[11] |
| Trustworthy AI team | Eight-person team inside Layer 6; named DataIQ's Best Responsible AI Program in North America | June 5, 2025[1] |
What does the TD profile record on this topic?
The rows below are the entries of the TD AI strategy profile that bear on this page, as of Oct 13, 2026; the profile holds the full record of 39 dated moves, 18 use cases and 55 sources.
| Use case | What the record shows | Status | Source |
|---|---|---|---|
| TD AI Prism personalisation | Predictive foundation model for customer needs and marketing. | In production | [4][22] |
| Knowledge-management assistants | Branch, wealth, securities and insurance virtual assistants built by Layer 6. | In production | [23][24][25] |
| TD Securities AI Virtual Assistant | Equity research and market-data assistant on OpenAI enterprise GPT, built with Layer 6; turns research queries into summaries, tables and SQL-backed charts for sales and trading. | In production | [12][17] |
| Cohere collaboration with Layer 6 | Up to C$25 million over three years; a dedicated Cohere team works beside Layer 6 at MaRS on knowledge management, security and responsible adoption. | Announced | [13] |
| Date | Move | Detail | Source |
|---|---|---|---|
| Oct 1, 2026 | Jagadish takes on consumer deposits and enterprise payments | American Banker: her title is now head of US digital and payments and consumer deposits; the payments remit includes tokenised deposits; she also overhauled Zelle controls, cutting related complaints by about 50% within 30 days of launch. | [26] |
| Sep 22, 2026 | Layer 6 and Cohere: up to C$25 million over three years | Strategic collaboration on enterprise AI, with a focus on knowledge management, security and responsible adoption. | [13] |
| Sep 9, 2026 | Chun at the Scotiabank summit: five AI 'big rocks' and a collections agent | Contact centre, end-to-end retail credit, fraud, AML and KYC, and advisor productivity; mortgage funding cost to fall from about C$187 to about C$47; collections agent lifts connect rates from 6-7% to 20-25%; he said the capability can move to the US. | [27] |
| Jul 30, 2026 | Responsible AI Principles published | Seven commitments embedded in the AI Risk framework, overseen by AI Risk Management and a Trustworthy AI team. | [28] |
| May 26, 2026 | US patent 12,639,628 granted: model training on private data sets | Collaboration weights let model-training systems learn together without revealing each private data set; the record shows assignment to TD on 30 March 2026. | [8] |
| Dec 4, 2025 | 2025 annual report (SEC filing): AI risk framework and US AML machine learning | AI models held to the same model-risk standards; generative and agentic AI named as risks; 'further deployments of machine learning and specialized AI' in the US BSA/AML remediation; ~US$52 billion of headroom to the US asset limitation. | [29] |
| Oct 28, 2025 | TD joins the MIT Media Lab sAIpien programme | Founding financial-services collaborator in a programme on trust, auditability and human-AI collaboration; Luke Gee, then Chief Analytics & AI Officer, announced it. | [14] |
| Oct 20, 2025 | TD Wealth Virtual Assistant | A generative knowledge-management system built by Layer 6 for wealth colleagues. | [23] |
| Oct 9, 2025 | TD Securities assistant runs on OpenAI enterprise GPT | CIO Dan Bosman: chosen as a natural extension of TD's Microsoft and Azure partnership; built with Layer 6; TD has about 2,500 people building AI platforms and applications. | [12][17] |
| Sep 25, 2025 | Banking Dive: TD fifth among banks for published AI research | Reporting on an Evident Insights study: TD accounted for 4% of bank AI publications in 2024, behind JPMorgan Chase (37%), Capital One (14%), Wells Fargo and RBC (5% each). | [11] |
| Jul 8, 2025 | TD Securities AI Virtual Assistant pilot | A proprietary generative chatbot for front-office sales, trading and research. | [24] |
| Jun 11, 2025 | TD AI Prism launched | A predictive foundation model to anticipate customer needs, built entirely in-house. | [4] |
What is Layer 6?
Layer 6 is TD Bank Group's AI research and development centre, acquired in 2018. TD said in June 2025 that it had grown from about 20 colleagues to more than 200; it builds TD AI Prism, the bank's generative virtual assistants and its agentic lending models, and opened a New York office in April 2025 to serve the US bank.
How many AI patents does TD have?
TD says Layer 6 under chief AI scientist Maksims Volkovs has more than 150 patents, and that Trustworthy AI lead Jesse Cresswell alone has more than 100 patent filings. Granted examples include US 12,079,351 (2024), US 12,321,861 (2025) and US 12,639,628 (2026).
Does TD use OpenAI or Cohere?
Both. The TD Securities AI Virtual Assistant runs on OpenAI's enterprise GPT models through TD's Microsoft Azure relationship, built with Layer 6. In September 2026 TD agreed a strategic relationship with Cohere worth up to C$25 million over three years, working alongside Layer 6.
What is TD AI Prism?
A predictive foundation model launched on June 11, 2025 after three years of in-house research and development. It draws on clients' financial behaviour over time to predict future needs; TD says it has raised marketing-campaign response rates by more than 40%. American Banker named it an Innovation of the Year honoree in 2026.
Does TD publish AI research?
Yes. Banking Dive, reporting Evident data, said TD accounted for 4% of AI research publications by banks in 2024, fifth behind JPMorgan Chase, Capital One, Wells Fargo and RBC. Layer 6 also patents its work, including a 2026 application on fairness in differentially private models.
- Inside the team ensuring artificial intelligence at TD is trustworthy
- Maksims Volkovs drives TD Bank's AI transformation
- TD wins BIG Innovation Awards for fifth consecutive year
- TD Announces Launch of Groundbreaking Predictive Foundation Model
- Let's Chat Coverage: TD Insurance Rolls Out New Virtual Assistant
- US 12,079,351 B2: Application of trained artificial intelligence processes to encrypted data within a distributed computing environment
- US 12,321,861 B2: Initialization of parameters for machine-learned transformer neural network architectures
- US 12,639,628 B2: Distributed model training with collaboration weights for private data sets
- US 2026/0037667 A1: Identifying and mitigating disparate group impact in differential-privacy machine-learned models (assignee Toronto-Dominion Bank)
- US 2026/0072967 A1: Generating a response for a communication session based on previous conversation content using a large language model (assignee Toronto-Dominion Bank)
- Financial firms fuel a surge in AI research, adoption
- 'Give me five trade ideas': TD's traders embrace ChatGPT
- TD announces $25 million strategic relationship with Cohere to support AI adoption
- TD joins the Massachusetts Institute of Technology's Media Lab to Explore AI Innovation in Financial Services
- TD Announces Opening of New Layer 6 Office in New York City
- US 2024/0330772 A1: Calibrated model intervention with conformal threshold
- TD Securities taps Layer 6 and OpenAI to deliver real-time equity insights to sales and trading teams
- TD Bank Targets 100 U.S. Branches as AML Remediation Continues
- TD (TD) Q2 2026 Earnings Call Transcript
- TD Launches Agentic AI to Transform Real Estate Secured Lending from End to End
- TD expands agentic AI across mortgage operations to make banking faster, simpler and more human
- TD Bank Builds AI Model to Predict What Customers Need and Not What They Don't Want
- New TD Wealth Virtual Assistant Set to Enhance the Colleague and Client Experience
- Virtual AI Assistant To Help Power TD Securities
- TD Bank Group Reports First Quarter 2026 Results (report to shareholders)
- The Most Powerful Women in Banking Women to Watch, #6, Jo Jagadish, TD Bank
- TD Bank at Scotiabank summit: profit gains, AI push lift outlook (transcript)
- TD strengthens Its Responsible AI Principles to support trust in AI innovation
- TD Bank Group 2025 Annual Report: Management's Discussion and Analysis (Form 40-F, Exhibit 99.2)
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