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The Transformational Power of AI

Artificial Intelligence: From opportunity to reality

Dave McKay, President and CEO of RBC discusses how RBC is leveraging AI to transform how we do business and create greater value for clients.

This video was originally published on RBC Capital Markets’ website.


Dave McKay is President & CEO of RBC, Canada’s biggest bank, and one of the largest in the world by market capitalization. Dave is credited with helping transform the bank’s retail division and introduce new technology that has enabled RBC to adapt and evolve to rapidly-changing consumer demands. In 2015 he led the acquisition of City National Corp., creating a platform for growth with institutional, corporate and high net worth clients in the U.S. Dave joined RBC in 1988 as a computer programmer before moving to the retail banking arm. He held progressively senior roles in Canada and Japan in retail and business banking, group risk management, and corporate banking, ultimately becoming Group Head, Personal & Commercial Banking in 2012. A champion for Canada’s innovation ecosystem, Dave leads RBC’s support for and partnerships with universities, start-ups and accelerators, particularly in transformational technologies such as artificial intelligence and blockchain. He also advocates for youth, supporting the development of RBC Future Launch, a 10-year, $500 million commitment to help young people build the skills and capabilities required to succeed in a changing world.