Tag: alex vronces
Federal Fall Economic Statement promises to expand Payments Canada eligibility, introduce open banking legislation in 2024
Canada commits to “consumer-driven finance” and more powers for the Competition Bureau. While light on new funding for the country’s innovation economy, the federal…
Rollout of Canada’s Real-Time Rail payment system delayed again as project undergoes second review this year
Payments Canada cites “current delivery delays, unrelated to the exchange technology components.” Payments Canada has announced that the launch of the country’s forthcoming Real-Time…
With no open banking update in #Budget2023, FinTech executives are increasingly jaded about timeline for delivery
Working groups resume April 14th, but open banking lead departs in September. Canadian FinTech CEO Andrew Graham is tired of waiting for open banking…
Proposed regulations for Retail Payment Activities Act open for public comment
The Department of Finance Canada has published the proposed regulations for the Retail Payment Activities Act (RPAA) meant to introduce a supervisory framework for…
Payments Canada delays Real-Time Rail payment system launch (again)
PayTechs of Canada executive director calls process “disappointing” and “absurd.” Payments Canada has delayed the launch of the forthcoming Real-Time Rail (RTR) payment system,…
Open banking working group failing to address critical governance, standards issues
Working group participants say governance is the latest open banking battlefront as the clock to implement keeps ticking. The working groups dedicated to developing…