Creating more value through our tech and data strategy
We’ve combined our trusted brand, differentiated technology platform and ability to leverage data to unlock extraordinary insights that will help our clients bring their greatest ambitions to life.
Artificial intelligence (AI) that delivers tangible results
Almost all of the world’s data has been created in the last few years(1). This growing reservoir provides our traders with reams of actionable insights. But only if we can separate the signal from the noise.
RBC’s AI-based trading platform goes further by explaining outcomes, so we can continuously monitor and elevate our own performance. Aiden™ also adapts to our feedback and market experiences while reducing manual intervention. That delivers savings in time and money. It also enables our trading team to increase the value they add to the investment process for the benefit of our clients. We use innovative platforms such as Aiden™ to augment our trading desk, and it’s a key to helping us sustain a competitive advantage.
That said, our relationship with RBC goes deeper than technology platforms. Together, we are aligned in harnessing big data and AI to evolve with an ever-changing marketplace and, in turn, we’re delivering desired results for our respective clients.
Head of Global Trading, T. Rowe Price
Creating an ecosystem for ethical AI
Borealis AI™ developed RESPECT AI™, a new online hub that brings open source research code, academic research, tutorials and lectures to the AI community, enabling developers to build more trusted services and products. The program consists of publicly available scientific research and research code, as well as training material and thought leadership to help make ethical and responsible AI available to all.
In 2020 we launched Aiden™, an AI-based electronic trading platform. Aiden™ tackles one of the biggest challenges in the field of AI today – applying deep reinforcement learning in a constantly changing environment like equities trading. Aiden™ is designed to navigate the challenges of fluid and dynamic market conditions in real-time, without the need for continuous re-coding like traditional trading algorithms.
Building a secure cloud
RBC and Borealis AI™ invested in an innovative AI private cloud platform in partnership with Red Hat and NVIDIA. This new platform significantly accelerates our ability to develop AI models, driving efficiency and leading to faster, more innovative solutions for our clients.
490 million+ insights
1.5 million+ budgets set
$349 saved on average per month
3.8 million+ questions answered
Value beyond banking
2 million+ clients
(1) U.S. Chamber of Commerce Foundation
(2) Number of plans activated since the launch of MyAdvisor® in 2017
(3) Cumulative figure since the launch of Ownr™ in November 2017