The Royal Bank of Canada (RBC) is investing $2m in an Israeli company developing artificial intelligence (AI) based cybersecurity. RBC said it will use the money to develop a new type of software that can detect and prevent cyber attacks on financial institutions. RBC aims to use technology such as AI and social media to attract 2.5 million new customers by 2023. RBC said the partnership would help it develop its cybersecurity capabilities.
The Royal Bank of Canada (RBC) is investing $2m in an Israeli company developing artificial intelligence (AI) based cybersecurity. RBC will sponsor research by BGN Technologies, the technology transfer unit of Ben-Gurion University, into using machine learning to mitigate cyber attacks. RBC aims to use technology such as AI and social media to attract 2.5 million new customers by 2023. RBC said the partnership would help it develop its cybersecurity capabilities.