TD Bank Group announced Jan. 9 the acquisition of Layer 6 Inc., an artificial intelligence (AI) company based in Toronto, Ontario.

Layer 6 is “a global thought-leader and pioneer in the delivery of responsive, personalized and insight-driven experiences for the financial services industry,” says TD Bank. Layer 6 founders Tomi Poutanen and Jordan Jacobs are also co-founders of the Vector Institute, a leader in AI research and education that TD also supports.

Real-time advice

"Layer 6 adds new capabilities to TD's growing base of innovation talent and know-how. Artificial Intelligence has the potential to power a new generation of data-driven applications from personalized and real-time advice to predictive analytics that will shape the future of banking for millions of individuals," said Michael Rhodes, Group Head, Innovation, Technology and Shared Services, TD Bank Group.