Two new digital products powered by artificial intelligence have been pilot launched by RBC.
NOMI Insights and NOMI Find & Save enable customers to track their finances and predict cash-flow to identify extra cash that can be saved. It could be a useful tool for first-time buyers trying to find additional savings for a downpayment.
Neil McLaughlin, group head of RBC’s personal & commercial banking says it is a glimpse into the ability of AI technology to transform the financial services industry.
“[These apps] are always thinking a few steps ahead to help ensure our clients' finances are in order,” he said. “We're one of the leading voices on artificial intelligence in Canada, and these new digital capabilities are examples of how our clients are benefitting from our advancements in AI."
The services will be available to all RBC Mobile customers with the latest app from the fall.