Latest Royal Bank of Canada (RBC) News: Finextra Research

Visa boasts it is fuelling BNPL around the world

With new RBC analysis suggesting that the US buy now, pay later market is set for explosive growth, Visa says issuers, acquirers and fintechs are snapping up its instalment payments technology.

27 October 2021

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RBC rolls out spending forecasting tool

Royal Bank of Canada has added a forecasting feature to its artificial intelligence-powered budgeting tool, Nomi.

24 September 2021

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RBC to create 300 tech jobs at new Calgary Innovation Hub

Royal Bank of Canada is to create 300 technology roles at a new Calgary Innovation Hub scheduled to launch this September.

27 July 2021

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Royal Bank of Canada moves into BNPL market

Royal Bank of Canada is moving into the buy now, pay later realm through a partnership with Alliance Data's Bread.

01 February 2021

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RBC launches ethical AI hub for Canadian firms

Royal Bank of Canada's artificial intelligence research unit has launched a programme to help promote "ethical AI".

05 October 2020

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Big banks back Canadian launch of Financial Data Exchange

Canada's big five banks are among 31 organisations onboard for the launch of Financial Data Exchange (FDX) in the country, vowing to work together to promote Open Banking through the development of a secure, common, interoperable, flexible and royalty-free industry standard for financial data sharing.

30 July 2020

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RBC moves AI unit to new private cloud platform

Royal Bank of Canada has moved applications under development at its artificial intelligence research unit Borealis AI to a high-performance private cloud infrastructure with support from Red Hat and Nvidia.

24 July 2020

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RBC offers biz clients access to Wello telemedicine platform

With Covid-19 making face-to-face meetings more difficult, Royal Bank of Canada (RBC) is offering its business clients access to telemedicine platform Wello.

27 April 2020

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Covid-19: Canadian banks close some branches, cut hours at others

Canada's six biggest banks are closing some branches and reducing operating hours at others in an effort to promote social distancing and control the spread of Covid-19.

19 March 2020

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RBC rolls out digital ID verification for account opening

The Royal Bank of Canada (RBC) is using AI and NFC technology to let clients digitally verify their identities when their open accounts in branch.

16 March 2020

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RBC backs university programme on ethics in AI and data analytics

Royal Bank of Canada (RBC) is joining forces with Western University on a programme exploring the ethical and social aspects of data analysis and AI.

22 November 2019

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Citi and RBC join $18m funding round for card data API startup Fidel

Fidel, a UK-based startup that gives developers access to real-time transaction data from the big card schemes via an API, has raised $18 million in a Series A funding round joined by Citi Ventures and Royal Bank of Canada.

25 September 2019

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