“We’re essentially applying better methods to an old problem to achieve a better accuracy,” said Foteini Agrafioti, chief science officer at RBC and head of Borealis AI, the bank’s research unit. “An increase of a couple of percentages in one of our businesses is very, very meaningful at the scale that we operate,” she added. The bank’s current library of AI models include many for core internal operations, such as models for setting credit limits for new borrowers, and models to detect signs of money-laundering.

https://www.wsj.com/articles/rbc-seeks-to-pump-up-its-ai-models-with-a-new-platform-11596531600?st=qbc947uchktgy7h