Friday, 7th August 2020

Royal Bank of Canada and Borealis AI introduce new AI private cloud platform

RBC’s AI private cloud platform is the first-of-its-kind in Canada to deliver intelligent software applications and boost operational efficiency.

  • 23 Jul 2020 Posted in

Royal Bank of Canada (RBC) and its AI research institute Borealis AI have partnered with Red Hat and NVIDIA to develop a new AI computing platform designed to transform the customer banking experience and help keep pace with rapid technology changes and evolving customer expectations.

As AI models become more efficient and accurate, so do the computational complexities associated with them. RBC and Borealis AI set out to build an in-house AI infrastructure that would allow transformative intelligent applications to be brought to market faster and deliver an enhanced experience for clients. Red Hat OpenShift and NVIDIA’s DGX AI computing systems power this private cloud system that delivers intelligent software applications and boosts operational efficiency for RBC and its customers.

RBC’s AI private cloud has the ability to run thousands of simulations and analyze millions of data points in a fraction of the time than it could before. The flexible and highly reliable self-service infrastructure will allow RBC to build, deploy and maintain next-generation AI-powered banking applications.

The platform has already improved trading execution and insights, helped reduce client calls and has resulted in faster delivery of new applications for RBC clients, and has the potential to benefit the AI industry in Canada, beyond RBC and financial services.

RBC is proud to have collaborated with Red Hat and NVIDIA to develop a platform that supports RBC customers while providing the flexibility for AI-powered client interactions

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