Royal Bank of Canada and Borealis AI announce new AI personal cloud platform, developed with Red Hat and NVIDIA

RBC’s AI personal cloud platform is the first-of-its-kind in Canada to ship clever software program purposes and increase operational effectivity

Royal Bank of Canada (RBC) and its AI analysis institute Borealis AI have partnered with Red Hat and NVIDIA to develop a brand new AI computing platform designed to rework the shopper banking expertise and assist preserve tempo with speedy know-how modifications and evolving buyer expectations.
 
As AI fashions develop into extra environment friendly and correct, so do the computational complexities related to them. RBC and Borealis AI got down to construct an in-house AI infrastructure that might enable transformative clever purposes to be delivered to market quicker and ship an enhanced expertise for purchasers. Red Hat OpenShift and NVIDIA’s DGX AI computing techniques energy this personal cloud system that delivers clever software program purposes and boosts operational effectivity for RBC and its prospects.
 
RBC’s AI personal cloud has the flexibility to run 1000’s of simulations and analyze hundreds of thousands of knowledge factors in a fraction of the time than it might earlier than. The versatile and extremely dependable self-service infrastructure will enable RBC to construct, deploy and preserve next-generation AI-powered banking purposes.
 
The platform has already improved buying and selling execution and insights, helped scale back consumer calls and has resulted in quicker supply of latest purposes for RBC purchasers, and has the potential to learn the AI {industry} in Canada, past RBC and monetary companies.
 
RBC is proud to have collaborated with Red Hat and NVIDIA to develop a platform that helps RBC prospects whereas offering the pliability for AI-powered consumer interactions.

In at this time’s ever altering market, we should at all times be on the forefront of innovation for our purchasers. We are proud to have delivered a novel AI Private Cloud functionality in-house, leveraging our robust collaboration with Red Hat and NVIDIA.
MIKE TARDIFSENIOR VICE PRESIDENT, TECH INFRASTRUCTURE, ROYAL BANK OF CANADA

Supporting Quotes

Mike Tardif, senior vp, tech infrastructure, Royal Bank of Canada
“In today’s ever changing marketplace, we must always be at the forefront of innovation for our clients. We are proud to have delivered a unique AI Private Cloud capability in-house, leveraging our strong collaboration with Red Hat and NVIDIA. This cloud offers GPU acceleration and containerized platform benefits, and we are well positioned to provide the best experience possible for our customers going forward.”

Chris Wright, senior vp and chief know-how officer, Red Hat
“It is always humbling to see Red Hat technologies in action, and we are honored to see how it contributed to the leading AI computing platform that RBC now has. Together with NVIDIA, OpenShift is helping to power the future of not just positive customer experience and overall operational excellence, but is enabling the bank to embark on research projects that have the potential to make a lasting impact on the world.”

Charlie Boyle, vp and common supervisor, DGX Systems, NVIDIA
“Before AI can enable transformative business opportunities, it must first be integrated as a strategic IT platform. RBC is leading the way in accelerating AI development through high-performance infrastructure from NVIDIA and Red Hat. By combining innovative technology with their expert knowledge in financial services, the RBC team has created one of the most sophisticated and dynamic AI development infrastructures in Canada.”

Foteini Agrafioti, chief science officer, RBC and head of Borealis AI
“Modern AI cannot exist without access to high performance computing. This collaboration means that we can conduct research at scale, and deploy machine learning applications in production with improved efficiency and speed to market.”

Connect with Red Hat

About RBC
Royal Bank of Canada is a worldwide monetary establishment with a purpose-driven, principles-led strategy to delivering main efficiency. Our success comes from the 84,000+ workers who convey our imaginative and prescient, values and technique to life so we may also help our purchasers thrive and communities prosper. As Canada’s greatest financial institution, and one of many largest on this planet based mostly on market capitalization, we’ve got a diversified enterprise mannequin with a concentrate on innovation and offering distinctive experiences to our 17 million purchasers in Canada, the U.S. and 34 different nations. Learn extra at rbc.com.‎
We are proud to assist a broad vary of group initiatives by donations, group investments and worker volunteer actions. See how at rbc.com/community-social-impact.
About Borealis AI
Borealis AI is a world-class AI Research heart backed by RBC. Recognized for scientific excellence, Borealis AI makes use of the most recent in machine studying capabilities to unravel difficult issues within the monetary {industry}. Led by award-winning inventor and entrepreneur Foteini Agrafioti, and with prime North American scientists and engineers, Borealis AI is on the core of the financial institution’s innovation technique and advantages from RBC’s scale, knowledge and trusted model. With a concentrate on accountable AI, pure language processing and reinforcement studying, Borealis AI is dedicated to constructing options utilizing machine studying and synthetic intelligence that can remodel the best way people handle their funds and their futures. For extra info please see: www.borealisai.com.
 
ABOUT RED HAT
Red Hat is the world’s main supplier of enterprise open supply software program options, utilizing a community-powered strategy to ship dependable and high-performing Linux, hybrid cloud, container, and Kubernetes applied sciences. Red Hat helps prospects combine new and present IT purposes, develop cloud-native purposes, standardize on our industry-leading working system, and automate, safe, and handle advanced environments. Award-winning assist, coaching, and consulting companies make Red Hat a trusted adviser to the Fortune 500. As a strategic accomplice to cloud suppliers, system integrators, software distributors, prospects, and open supply communities, Red Hat may also help organizations put together for the digital future.

FORWARD-LOOKING STATEMENTS
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