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Event File AI Generative AI

RBC Capital Markets Moves AI From Tool to ‘Collaborator’

1 reports · First detected 2026-06-01 · Last active 2026-06-01

Royal Bank of Canada’s RBC Capital Markets is seeking to transform artificial intelligence from an experimental efficiency tool into an enterprise “collaborator” involved in research, decision-making and client service. Led by Bobby Grubert and supported by the Borealis AI research team and Aiden platform, the strategy is tied to the long-term competitiveness of the bank’s capital-markets business.

The latest plan calls for an investment of nearly $20 million in digital transformation, with generative AI to be integrated more deeply into RBC Capital Markets’ workflows and long-term strategy. Grubert has publicly described the shift in positioning. As of July 20, 2026, the reports provided did not specify a formal announcement date or a phased rollout schedule.

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1 original reports
AMERICANBANKER.COM 2026-06-01
#44 At RBC, Bobby Grubert is moving AI from a tool to a collaborator

The Backstory

The history behind this event
RBC Targets C$1 Billion in AI Returns by 20272026-03-24 · 2 reports · similarity 0.80

Royal Bank of Canada is embedding artificial intelligence across its operations as banks seek to improve customer service, risk management and employee productivity. RBC has invested in the technology for years, establishing its Borealis AI research institute in 2016. The lender has since deployed AI tools across consumer and commercial banking as well as its investment-banking business, making the technology a central part of its broader digital strategy.

Chief Executive Officer Dave McKay said AI is now affecting virtually every part of RBC’s business and that its investments are beginning to deliver measurable benefits. The bank expects AI initiatives to generate as much as C$1 billion in combined revenue gains and cost savings by 2027. The target underscores RBC’s effort to turn long-term research and widespread adoption into a material financial return.

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