Technology
RBC Wealth Management-US Makes Artificial Intelligence Move
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The US wealth management firm, part of the wider Royal Bank of Canada group, has collaborated with a business harnessing AI technology in the financial services space.
TIFIN, an artificial
intelligence and wealth platform, yesterday unveiled a new phase
of collaboration with RBC Wealth
Management-US.
Under the pact, all financial advisors at RBC Wealth
Management-US can use AI-Powered Insights, a new program that
uses artificial intelligence to observe client behaviors and
patterns to identify those who might have money in motion
following a significant financial event. Started as a pilot
program last August, AI-Powered Insights was officially rolled
out company-wide this week.
TIFIN AG is continueing to invest in accelerating its growth
since spinning off from parent TIFIN in January of 2024. TIFIN
has been backed by JP Morgan, Morningstar, Hamilton Lane,
Franklin Templeton, Motive Partners, and Broadridge among
others.
Another part of the TIFIN group, TIFIN AMP, an asset management
distribution platform that uses artificial intelligence
technology, in December 2023 said it was partnering with wealth
management enterprise solutions provider BetaNXT.
"RBC Wealth Management-US has been one of the early adopters of
TIFIN AG's AI capabilities to use actionable intelligence to help
our 2,100+ advisors deepen client relationships and grow their
practice," Greg Beltzer, head of technology at RBC Wealth
Management-US, said.