Canadian banks are leading the world in artificial intelligence (AI) adoption, with all five of the country’s major lenders ranked in the top 25 of a global AI maturity report by London-based Evident. For the second year, Canada has held the highest overall regional score, ahead of the U.S.
RBC ranked third globally for AI maturity, driven by its Borealis Institute for AI research. TD Bank entered the top 10, moving from 11th to 9th, while CIBC improved significantly, jumping from 41st to 22nd due to better transparency in managing AI risks.
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