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Payments Canada selects Interac as the exchange solution provider for the Real-Time Rail payments system

Payments Canada selects Interac as the exchange solution provider for the Real-Time Rail payments system
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2020 Fintech Year In Review: Canadian Regulatory Developments - Technology

FINTRAC ) in December 2020. 6 RevoluGROUP has been operating in Europe, where open banking is permitted, and is now aiming to launch their banking app, RevoluPAY in Canada. For more information on the development of open banking/CDF in Canada, along with its risks and merits, please refer to our February 2019, July 2019, and February 2020 bulletins. Payments Canada Modernization On December 8, 2016, Payments Canada announced a multi-year plan to modernize Canada s payment systems. This plan included implementing real-time payment capability ( Real-Time Rail ) and a new core clearing and settlement system ( Lynx ) that would replace the current Large Value Transfer System. The payments modernization plan continued in 2020, as on June

Hackathon targets global payments system | Investment Executive

Increasing Automation and Resilience with DevOps and Cloud Computing

Increasing Automation and Resilience with DevOps and Cloud Computing Jan Pilbauer, Ex-Executive Director of Modernization & Ex-CIO, Payments Canada and Andrew McCormack, Ex-Senior Director, Technology, Payments Canada Jan Pilbauer, Ex-Executive Director of Modernization & Ex-CIO, Payments Canada Today, every organization needs Disaster Recovery (DR) and Business Continuity (BC) plans due to the increasing reliance on technology. These worst-case scenario contingency plans spell out what is going to happen during an outage. The resilience that you build into your systems upstream of those plans, that is, the extent to which you can maintain acceptable service levels despite challenges, should ensure that you never have to put DR/BC plans into action due to routine changes and operational events.

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