RBC is ranked third globally in the banking sector for AI adoption and maturity, far ahead of their Canadian competitors
It says the partnership will help create more accurate and verifiable models with a focus on risk and security.
Toronto-based Cohere says the collaboration will use its newly launched North AI workspace to build a customized version for finance that will meet the security and privacy needs of the industry.
Ivan Zhang, a co-founder of Cohere, says the new platform will help financial industry firms increase productivity and efficiency.