Canadian regulator fines RBC $5.5m for “administrative violations” of its AML rules
FINTRAC says it uncovered three administrative violations by RBC during an examination last year.
RBC
Executive panel: key banking cybersecurity developments for 2023
Ten executives from top firms, including Wells Fargo, Microsoft, TransUnion, and RBC, share their expert views.
HSBC to sell its Canada business to Royal Bank of Canada for $10bn
The transaction is expected to complete in late 2023.
RBC partners Plaid to offer API-led connectivity with fintech services
The data access agreement will remove the need for credential sharing, enhancing security and privacy.
RBC Wealth Management picks Broadridge to power US division
Multi-year deal also features Broadridge’s Asset Servicing platform.
RBC taps Red Hat and Nvidia for new AI private cloud
The Canadian bank aims to run thousands of simulations for “millions of data points.”
RBC commits CAD 150 million to diversity push
It aims to increase the proportion of non-white executive hires to 30% from 20%.
RBC-backed start-up Mydoh launches banking offering for kids
The app and smart card launched more than two weeks ago.
Canada’s RBC to create US digital bank for “super-affluent” consumers
It will arrive in the US later in 2020 or early next year.
Canada’s RBC files patents for AI inventions as bigtechs soar
Ten AI patent applications were submitted by RBC across 2019.
RBC launches student experience on mobile app
The ‘Mobile Student Edition’ is designed to tap into the Gen Z market
Wematch unveils Euro IRS platform with 10 banks onboard
JP Morgan, RBC, HSBC and Societe Generale are among the initial banks.
Moors and Cabot selects RBC as new clearing partner
This will enhance the firm’s back-office capabilities.
Blockchain-based ID verification system goes live in Canada
SecureKey’s Verified.Me is backed by several major financial institutions.
RBC adds budgeting tool to mobile app
It tracks and budgets expenses in five areas.
EvoNexus launches incubator backed by RBC and Franklin Templeton
It will launch in May 2019 in San Diego.
CanDeal and six Canadian banks create market data hub
BMO, CIBC, National Bank, RBC, Scotiabank and TD are involved.
RBC boss predicts CA$3.2bn tech spend in 2018
There is a focus on reducing operational costs through tech investment.
Banking Technology June 2018 issue out now
A sublime eternal tune to the rhythms of fintech.
Mobile banking case study: RBC – farewell friction
Royal Bank of Canada is moving with the times with a series of useful innovations and launches.
RBC first Canadian bank to open API developer portal
Royal Bank of Canada is initially offering five API packages.
RBC to open AI lab in Montreal
Borealis AI, a Royal Bank of Canada (RBC) Institute for Research, will open an artificial intelligence (AI) lab in Montreal. Borealis AI has partnered with McGill University Professor, Jackie Cheung, as academic advisor for the lab and will work with the Montreal Institute for Learning Algorithms (MILA). The team anticipates opening the doors of the […]
JP Morgan’s Quorum blockchain powers new correspondent banking network
JP Morgan, and Royal Bank of Canada (RBC) and Australia and New Zealand Banking Group (ANZ), have launched the Interbank Information Network (IIN) – using blockchain for the payments process. According to JP Morgan, processing global payments is very complex. Multiple layers of communication occur amongst payment participants to verify and process transactions. By using […]
Sibos 2017 opening plenary: data is the new battleground
Welcome to Sibos 2017 in Toronto – bringing together 8,000+ delegates from 150 countries. And this year we have a new (or the vintage new?) theme: data. Not the “big data” though (that everyone was talking about a few Sibos conferences ago), but just data.
Wave brings business services to RBC’s online banking platform
Wave – a business financial management (BFM) solutions provider from Toronto – has signed a deal that will integrate its invoicing, accounting, and business financial insights technology into Royal Bank of Canada’s online banking platform.
Big banks back Canada’s $150m digital ID system
Canada’s big banks have joined the charge for a CA$185 million ($150 million) digital identity supercluster bid that plans to solve the identification challenges of the digital economy. According to IT World Canada, Royal Bank of Canada (RBC), Bank of Montreal, Scotiabank, CIBC, TD Bank and National Bank of Canada – are on board, along […]
Royal Bank of Canada pilots AI-powered finance guide
Royal Bank of Canada (RBC), with the help of Personetics Cognitive Banking’s applications, will deliver two new services this autumn that provide AI-powered financial guidance and an automated savings programme through the bank’s mobile app. The development follows on from last month, when RBC unveiled these two digital services – called NOMI Insights and NOMI […]
Artificial intelligence round-up: 31 August 2017
Where’s the humanity? Well, not here as this is an artificial intelligence (AI) round-up. Features Royal Bank of Canada, Emirates NBD, and the ten greatest threats to mankind. Royal Bank of Canada (RBC) has announced a pilot launch of two digital services based on AI that offer insights about client’s financials and an automated savings […]
RBC’s video MyAdvisor makes banking clients wiser
Royal Bank of Canada (RBC) has launched a live video service to let its clients connect in real time with its advisors. Called MyAdvisor, it uses an online advice platform to digitally connect a client to an advisor, where both can view and adjust a dashboard showing the client’s savings and investment goals and establish […]
Biometric alternatives to the fore at Money20/20
Biometric identity verification mechanisms were prominent among the raft of new product announcements at the Money20/20 event in Las Vegas, which opened this week.
If you’re not ready, the regulators will get you
The complexity of regulatory reforms in Europe and the US are placing pressure on the industry and may catch some participants unawares.
