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… be achieved by adopting global standards set out by the Bank of International Settlements and central banks around the world. Central 1 is actively focused on … to a ‘defaulter-pay’ model and remove the need for the Bank of Canada to guarantee the finality of settlement if …

… the lead on ISO 20022. A standard within global transaction banking is crucial to allow any correspondent in the network … opportunities. The migration to ISO 20022 can also support banks with compliance. Compliance requirements are only … Better data is also a platform for innovation, enabling banks and third parties to offer new, value-added services.  …

… you to our Lynx participants, Swift, IBM and Nexi and the Bank of Canada for your support throughout the Lynx program. … you to read this interview with Ron Morrow from the Bank of Canada and listen to this episode of The PayPod … topics central to the evolution of payments including open banking, digital ID, real-time payments, ISO 20022, cyber …

… and has stronger oversight from Finance Canada and the Bank of Canada. Since the payments ecosystem and the needs … wallets, in-app payment services and app-based virtual banks have been introduced by large digital companies. As we …

… payments made by Canadians and businesses involving inter-bank transactions, including those made via debit cards, … Large Value Transfer System (LVTS) is designated by the Bank of Canada as a systemically important payment system. …

… from players across the Canadian financial ecosystem. Banks, credit unions, fintechs and other financial services … the Retail Payments Activities Act (RPAA), overseen by the Bank of Canada and subject to the risk management …

… to the Interac e-Transfer platform. As well, the web-based banking portals for small and medium-sized businesses (SMBs) … The recently announced collaboration between Royal Bank of Canada (RBC) and Canadian FinTech player Wave to enhance RBC’s online business banking platform is but one example here. Payments service …