Royal Bank of Canada Stories

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Royal Bank of Canada stories

RBC creates unified global transaction banking unit

The reorganisation is meant to deepen corporate relationships and support RBC's push for more operating deposits and fee income.

By Karen Joy Bacudo • 3 min read • Today

Fintech

RBC & BMO sell Moneris to Francisco Partners for USD $2bn

The sale hands one of Canada's biggest merchant payment networks to a technology investor, while preserving referral ties with the two banks.

By Karen Joy Bacudo • 3 min read • This month

Fintech

RBC & TD launch Swift's new payment scheme in Canada

Canadians getting money from abroad should see fewer deductions and faster arrivals as the new scheme is rolled out on selected routes.

By Karen Joy Bacudo • 4 min read • Last month

Software-as-a-Service

Ramp opens finance platform to Canadian businesses

Canadian firms can now handle cards, expenses and bill payments in one system, as Ramp targets businesses beyond the US.

By Karen Joy Bacudo • 3 min read • Last month

Clean technologies

Canada's early-stage startup funding falls 40% in Q1: RBCx

Fewer Canadian founders are getting backed as venture capital tightens, leaving pre-seed and seed-stage startups struggling to secure cash.

By Jake MacAndrew • 4 min read • Thu, 25th Jun 2026

Data Protection

RBC expands Vancouver hub to add 1,000 jobs by 2029

The bank plans to add 440 net new roles in British Columbia by 2029 as it widens its artificial intelligence and banking operations.

By Karen Joy Bacudo • 4 min read • Wed, 3rd Jun 2026

Quantum Computing

Photonic raises CAD $275 million, at CAD $2.7B valuation

The funding gives the Vancouver quantum group fresh capital to hit milestones, expand hiring and deepen partnerships as it pursues commercial-scale systems.

By Jake MacAndrew • 3 min read • Wed, 13th May 2026

Data Protection

Visa expands AI payments testing to Canadian issuers

Canadian banks will test how AI agents can initiate card payments as Visa prepares issuers for new controls over consent, fraud and liability.

By Karen Joy Bacudo • 4 min read • Thu, 7th May 2026

Cartech

Canada tech funding hits USD $1.5bn as Waabi soars

Fewer Canadian startups attracted funding as late-stage deals swelled, with one USD $750 million Waabi round driving the quarter's total.

By Karen Joy Bacudo • 4 min read • Tue, 5th May 2026

Unified Communications

Traditional banks, telcos among Canada's top valued brands

Growth has spread beyond banking in Canada, with telecoms, utilities and retailers helping lift the country’s top brand values 16 per cent.

By Jake MacAndrew • 3 min read • Wed, 29th Apr 2026

Digital Transformation

RBC partners with Hopper to update Avion Rewards Travel

Avion Rewards members will soon get a new booking portal with flexible point redemptions and pricing tools as RBC shifts travel tech to Hopper.

By Karen Joy Bacudo • 4 min read • Thu, 2nd Apr 2026

Digital Transformation

RBC forms new AI unit targeting CAD $1 billion by 2027

Royal Bank of Canada creates AI Group reporting to CEO, targeting up to CAD $1 billion in AI-driven enterprise value by 2027.

By Jake MacAndrew • 3 min read • Sat, 21st Feb 2026

Digital Transformation

Interac launches online debit payments with KONEK gateway

Staples Canada is the first national retailer to offer Interac KONEK, a secure Canadian eCommerce payment option supported by Moneris and major banks.

By Jake MacAndrew • 3 min read • Wed, 5th Nov 2025