RBC Wealth Management is rolling out a new risk analytics engine and other tools to improve existing technology infrastructure.

The wealth management arm of the Royal Bank of Canada (RBC) has partnered with tech provider d1g1t on the rollout, with the aim of enhancing the digital experience for advisors and clients in Canada.

The company said the new tools will help support advisors’ ability to provide enhanced reporting across a variety of client metrics.

RBC Wealth Management serves affluent, high net worth and ultra-high net worth clients globally.

It offers a full suite of banking, investment, trust and other wealth management services from its key operational hubs in Canada, the United States, the British Isles, and Asia.

Additionally, RBC is leading an investment round in d1g1t alongside participation from JAM FINTOP, a venture capital firm with strategic limited partners that invests in companies changing the way financial institutions and their customers move, track, and interact with money.

The investment will be used to help accelerate d1g1t's product roadmap, scale its operations and grow the team, and deliver growth and broader adoption across North America.

"We're excited about leveraging d1g1t's capabilities to enhance our advisor and client experience as the platform brings together advanced analytics, and real-time insights," said Mike Scott, SVP and managing director, RBC Wealth Management. "This is a clear demonstration of our continued investments in cutting-edge technology infrastructure to help deliver a best-in-class client experience."

RBC Wealth Management has over $4.8 trillion of assets under administration, over C$1.4 trillion of assets under management and more than 6,000 financial consultants, advisors, private bankers, and trust officers.

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