RBC CEO Says In-House Agentic AI Cuts Daily Report From a Week to Four Seconds

Royal Bank of Canada (RBC) CEO Dave McKay said on June 16, 2026, at a Bloomberg event in Toronto that an in-house agentic AI tool now delivers custom reports in "about four seconds" — work that previously took roughly a week when assigned to his team. McKay said he spends at least an hour each morning reviewing AI-generated reports covering key themes such as the economy, markets, consumer behavior, risk, and mortgages. Previously, he would email his team overnight to request a report, receive it about a week later, and then digest and verify the contents.