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RBC creates new AI Group to help bring top AI opportunities to market
Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced the creation of the AI Group, a newly established team reporting to the Chief Executive Officer that will accelerate the bank's AI ambitions over the next several years.
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[{"type":"text","content":"Taps veteran tech executive to lead team","length":40,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Feb. 18, 2026 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced the creation of the AI Group, a newly established team reporting to the Chief Executive Officer that will accelerate the bank's AI ambitions over the next several years.","length":262,"tagName":"p"},{"type":"image","alt":"RBC (CNW Group/Royal Bank of Canada)","displaySize":"","headline":null,"caption":"RBC (CNW Group/Royal Bank of Canada)","className":"","disableSlideshowImg":false,"size":{"original":{"width":125,"height":144,"url":"https://media.zenfs.com/en/cnwgroup.com/22cf4d1da569b2050c6781c63926a87b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zZQlbg0Z2kdQlPJCge6n7w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTI0MjtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/22cf4d1da569b2050c6781c63926a87b","width":125,"height":144}},"href":"https://mma.prnewswire.com/media/2915747/Royal_Bank_of_Canada_RBC_creates_new_AI_Group_to_help_bring_top.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Building on existing capabilities and top AI talent, this group will work closely with business and functional teams to turn high-potential AI use cases into market-ready solutions that bring value to clients. Already a recognized leader in AI for financial services, ranking #1 in Canada and #3 globally for AI maturity, the bank outlined its bold ambition to achieve up to $1 billion in enterprise value generated from AI benefits by 2027 at its 2025 Investor Day.","length":466,"tagName":"p"},{"type":"text","content":""RBC has spent the past decade investing in AI, including proprietary data platforms and scale, exceptional talent and world-class security," said Dave McKay, President and CEO, RBC. "With generative and agentic AI opening new frontiers for financial services, we are creating a dedicated team to leverage our core strength and data scale and partner across the business to turn potential into real value for our clients."","length":442,"tagName":"p"},{"type":"text","content":"RBC has tapped veteran tech executive Bruce Ross to lead the new group as Group Head, AI. Ross has spent 12 years as Group Head of RBC Technology & Operations, during which time he has built a world-class team and technolog...