RBC Taps Salesforce and Others for Broker, Wealth Custody Platform

The full platform, leveraging an open API architecture and multiple third-party providers, will enter beta testing in early 2021.

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​RBC Clearing & Custody, Royal Bank of Canada’s newly-rebranded Correspondent and Advisor Services division, is building a new investment platform for servicing broker-dealer and registered investment advisor (RIA) clients. As part of an ongoing technology refresh to support a major growth spurt, the platform will use an open API architecture and a backbone based on Salesforce.

The technology changes being introduced stem from a decision originally taken around three years ago to improve the

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The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

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