Driving Naari Programme launched in Chandigarh
TORONTO — TD Bank is acquiring artificial intelligence company Layer 6 AI for an undisclosed amount, as financial services companies increasingly look to harness the technology’s potential.
Toronto-based Layer 6’s platform uses AI to analyze various forms of data to learn, and predict, how to serve customers in a personalized way.
Layer 6 will retain its brand name, and separate office in Toronto’s Yorkville area, but TD will become its sole client and customer, the bank says.
TD’s acquisition comes after it announced in October an agreement with U.S.-based Kasisto to integrate its KAI Banking chatbot platform into the bank’s mobile app.
Royal Bank of Canada has also been ramping up investment in artificial intelligence, setting up labs in Montreal, Toronto and Edmonton to conduct research into the technology.
