Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Company announcement/sustainable

Six of Canada's largest banks join United-Nations-convened Net-Zero Banking Alliance

Today, ahead of the United Nations Climate Change Conference (COP26) in Glasgow, six of Canada's largest banks – BMO, CIBC, National Bank of Canada, RBC, Scotiabank, and TD – together announced their pledge to join the Net-Zero Banking Alliance (NZBA) as part of a global, industry-led initiative to accelerate and support efforts to address climate change.

18 October 2021

News/security

RBC rolls out spending forecasting tool

Royal Bank of Canada has added a forecasting feature to its artificial intelligence-powered budgeting tool, Nomi.

24 September 2021

Company announcement/wealth

RBC contracts for Broadridge wealth management platform

RBC Wealth Management-U.S. (RBCWM) and Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, announced today that RBCWM will utilize the Broadridge Wealth Management Platform to power its growing U.S. business.

29 July 2021

News/people

RBC to create 300 tech jobs at new Calgary Innovation Hub

Royal Bank of Canada is to create 300 technology roles at a new Calgary Innovation Hub scheduled to launch this September.

27 July 2021

Company announcement/retail

RBC introduces free-to-use trading dashboard for self-directed investors

RBC Direct Investing is leading Canadian bank-owned online brokerages with its latest innovation for self-directed investors: the launch today of a customizable, web-based Trading Dashboard, available free to all its clients.

28 June 2021

Company announcement/payments

RBC rolls out Insight Edge transaction analysis suite to commercial clients

RBC today announced that RBC Insight Edge, an award-winning, first-of-its-kind Canadian platform for real-time data and insights, is now available for direct access through a subscription to commercial clients and small to medium retail business clients.

18 June 2021

Company announcement/sustainable

RBC Tech for Nature announces new partnerships focused on tackling climate change

Since its inception in 2019, RBC Tech for Nature has brought together more than 125 organizations to protect the world’s most precious resource – our natural ecosystem – through tech-based community investments totaling over $27 million.

21 April 2021

Company announcement/wealth

RBC selects FactSet as market data and technology provider for wealth management

FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, announced that it has been selected as the primary market data and technology provider for the Royal Bank of Canada’s (RBC) entire wealth management organization.

02 March 2021

News/payments

Royal Bank of Canada moves into BNPL market

Royal Bank of Canada is moving into the buy now, pay later realm through a partnership with Alliance Data's Bread.

01 February 2021

News/markets

RBC launches AI-guided electronic trading platform

RBC Capital Markets has launched an AI-powered electronic trading platform it claims will help improve results and insights for clients in a "measurable and explainable way".

16 October 2020

News/retail

RBC launches ethical AI hub for Canadian firms

Royal Bank of Canada's artificial intelligence research unit has launched a programme to help promote "ethical AI".

05 October 2020

Company announcement

RBC debuts digital account opening

As the demand for digital solutions continues to rise, RBC today announced the launch of enhanced digital deposit account open processes for personal and business clients, providing them with the flexibility to fully open an account from wherever it is most convenient for them.

09 September 2020

Company announcement/sustainable

RBC to invest in in tech-based sustainability projects

RBC today announced its updated roster of partners for the RBC Tech for Nature program.

04 August 2020

News/retail

Big banks back Canadian launch of Financial Data Exchange

Canada's big five banks are among 31 organisations onboard for the launch of Financial Data Exchange (FDX) in the country, vowing to work together to promote Open Banking through the development of a secure, common, interoperable, flexible and royalty-free industry standard for financial data sharing.

30 July 2020

News/cloud

RBC moves AI unit to new private cloud platform

Royal Bank of Canada has moved applications under development at its artificial intelligence research unit Borealis AI to a high-performance private cloud infrastructure with support from Red Hat and Nvidia.

24 July 2020

Company announcement/retail

RBC launches new virtual resource hub for Canadian youth

RBC Future Launch has launched a new, online resource hub dedicated to youth-focused virtual programming and learning opportunities – RBC Future Launch at Home.

29 April 2020

News/retail

RBC offers biz clients access to Wello telemedicine platform

With Covid-19 making face-to-face meetings more difficult, Royal Bank of Canada (RBC) is offering its business clients access to telemedicine platform Wello.

27 April 2020

Company announcement/wholesale

RBC, Scotiabank introduce online enrollment for emergency business loans

RBC announced today that the online-only enrollment process to participate in the Government of Canada’s Canada Emergency Business Account (CEBA) will be live on April 9, 2020 via RBC Online Banking for Business.

09 April 2020

News/retail

Covid-19: Canadian banks close some branches, cut hours at others

Canada's six biggest banks are closing some branches and reducing operating hours at others in an effort to promote social distancing and control the spread of Covid-19.

19 March 2020

News/identity

RBC rolls out digital ID verification for account opening

The Royal Bank of Canada (RBC) is using AI and NFC technology to let clients digitally verify their identities when their open accounts in branch.

16 March 2020