How banks are harnessing artificial intelligence

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  • “Since 2016, Royal Bank of Canada (RBC) has focused on AI through its dedicated research division called Borealis AI. In October 2020, Borealis AI and RBC announced the launch of Aiden, an AI-driven electronic trading platform for institutional investors.
  • ‘For every trade [Aiden] makes, it also justifies why it just did that,’ Agrafioti said. ‘And that gives people confidence and trust that they understand the context of the algorithm they’re seeing.’”

How banks are harnessing artificial intelligence

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