Three big banks maintained position in 2025, holding the podium for the third straight year in the Evident AI Index.
The Evident AI Index acts as a global standard benchmark for AI adoption in the financial services sector, evaluating the performance of 50 banks across North America and Europe based on more than 70 indicators drawn from millions of public data points.
This year, like last, JPMorganChase is ranked first, with Capital One following.
Canada’s largest bank and top national brand RBC ranks third.
According to Evident, these banks have pulled away from peers in 2025, consolidating earlier gains.
The Index reveals that, while most banks are advancing in the Evident AI Index, the top 10 banks are increasing their scores significantly faster year-on-year than the rest of the pack.
“Banking is one of the most advanced and competitive industries on the planet when it comes to developing and rolling out AI at scale,” says Alexandra Mousavizadeh, a cofounder of Evident.
Banks and their shareholders “expect ROI to accelerate over the next few years, and those in our top 10 are in pole position to see their efforts come to fruition,” Mousavizadeh stated.
“We’re beginning to see clear signs that AI investment is starting to translate into tangible financial gains,” the entrepreneur says, “both in terms of efficiency and, increasingly, via new revenue opportunities.”
Meanwhile, banks that “fail to keep pace risk losing the confidence of boards, regulators, and investors.”
And, at the same time, “lagging institutions will struggle to attract and retain top-tier AI talent,” according to Mousavizadeh.
“This combination of stakeholder doubt and the risk of talent flight slows deployment, undermines momentum, and compounds the difficulty of turning AI investments into measurable business outcomes,” the chief executive officer remarked.
While RBC didn’t score first in any particular metric, the bank ranks third on three out of four key pillars, which cemented its podium finish.
Also noteworthy is that the Royal Bank of Canada was identified as one of just eight institutions ranked on the Index to disclose return-on-investment estimates for AI usage.
During RBC’s Investor Day presentation in March, the bank projected a target of up to $1B in enterprise value generated by AI by 2027.
TD Bank just missed the Index’s top 10, while the Bank of Montreal climbed up an impressive five spots.
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