Search results
… years, Modernization has topped the list of priorities for financial institutions. But Modernization is more than just a fresh … service providers, all while operating under tight margins. Financial institutions across Canada are challenged to …
… of tiered relationships in payment systems and other financial market infrastructures. More specifically, the … adequately defined under Principle 19 of the Principles for Financial Market Infrastructures (PFMI). Not having a … of interdependence, with connections between financial institutions stemming from both the asset and the liability …
Payments Canada welcomes inclusion of the Retail Payments Oversight Framework in 2021 federal budget
… in the retail payments space. It will require non-financial institution payment service providers (PSPs) to establish … of Canada, to ensure their compliance with operational and financial requirements. Key considerations in implementing …
… participants. SWIFT, or the Society of Worldwide Interbank Financial Telecommunication, is the global provider of secure financial messaging services, and the organization … for cross-border payments. By November 2022, all financial institutions on the SWIFT network must be in a position to …
… message standard, will require material investment by financial institutions and businesses,” said Carol Ann Northcott, … automation and improved efficiency for businesses and financial institutions alike. Other benefits of adopting …
… management to manage risk for our member credit unions and financial institution (FI) clients during Lynx implementation.The … In the past this has included being the first Canadian financial institution to offer Interac e-Transfer ® and …
… the highest level of access to each system by permitting financial institution members equitable access to the exchange, … conditions that consider fairness and transparency for non-financial institutions to support leveling the playing field …