RBC launches AI-powered cashflow prediction tool

  • “NOMI Forecast is the newest capability in the bank’s artificial intelligence (AI)-powered virtual assistant, called NOMI. The recently launched functionality gives customers a seven-day view into their future cash flow by forecasting upcoming preauthorized payments that will soon be withdrawn from their accounts.
  • The $1.3 trillion Toronto-based RBC launched NOMI in 2017 as a virtual assistant for banking customers after partnering with conversational AI firm Personetics Technologies, which also works with U.S. Bank and Ally Bank.
  • ‘When it comes to NOMI, we are having massive adoption. We have over 2 million personalized budgets that have been set. Our clients have consumed over 2 billion personalized insights.’”


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