Payments Canada

DLT not yet delightful for Canada’s payment system plan

The results from phase two of Canada’s plan for a blockchain-powered interbank payment system reveal that it still faces many obstacles. The Bank of Canada, Payments Canada, R3 and seven commercial banks, have disclosed their report from Project Jasper, an experimental wholesale interbank payment system. First launched in 2015, the results so far show that, […]

Payments Canada welcomes ten start-ups to its Dragons’ Den

Payments Canada has revealed the ten paytech, artificial intelligence (AI) and regtech start-ups who will compete at its “Dragons’ Den-style competition” in Toronto. Called the FinTech Cup, a collaboration between Payments Canada, 500 Startups, and the Digital Finance Institute, it wants to help innovation, find talent, and drive funding for the finalists. Money on offer […]

Top fintech stories this week – 28 April 2017

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Amlak in core banking software overhaul with Temenos and NDC EXCLUSIVE. T24 will replace Silverlake Axis’ SIBS. Temenos MarketPlace gets boost with new services and leadership Targets open banking and PSD2 services. Trio tussle to win Payments Canada’s […]

Trio tussle to win Payments Canada’s tech revamp contract

CGI, SIA and VocaLink are fighting it out to win the contract for Payments Canada’s new core clearing and settlement system. Payments Canada has invited the three suppliers to participate in a competitive procurement process for the country’s new system, called Lynx. Jan Pilbauer, executive director of modernisation and CIO at Payments Canada, says this […]

Payments Canada picks Accenture for revamp plan

Payments Canada, an organisation that operates the country’s payment clearing and settlement system, has selected consulting firm Accenture to help it lead “Modernization” – its initiative to improve Canada’s payments ecosystem. Jan Pilbauer, executive director of Modernization and CIO at Payments Canada, calls Accenture a “strong consulting partner”. In December, Payments Canada released its plans […]

SIBOS Interview: Gerry Gaetz, Payments Canada

SIBOS Interview: Gerry Gaetz, President and Chief Executive Officer, Payments Canada discusses the modernisation of Canada’s payments system with Tanya Andreasyan, editor of Banking Technology.

Research energises the modernisation journey in Canada

Canada is one of many countries around the world striving to make payments fast, frictionless and data rich. The country’s approach to payments system modernisation is rooted in collaboration and research, with an eye to the international experience and a deep dive into the needs and capabilities of the Canadian market, including an investigation into blockchain and cryptocurrencies.

Payments Canada pushes for innovation drive

The Canadian payments space needs to have more flexible and secure systems to promote innovation, according to a public consultation carried out by Payments Canada (formerly the Canadian Payments Association, CPA), the operator of the nation’s payment clearing and settlement system. In its “Vision for the Canadian Payments Ecosystem” report, done in collaboration with more […]