Modernization Delivery Roadmap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 sett...

In a statement issued by the Superintendent released on July 13, 2020, OSFI signalled a gradual restart of OSFI's policy development work in the fall of 2020. On August 31, 2020, OSFI announced in a series of letters issued to industry that it would unwind certain of the temporary measures put in place at the beginning of the pandemic, including a gradual phaseout of the special capital treatment of loan and insurance premium payment deferrals that was provided to banks and insurers. On December 12, 2020, OSFI announced that the domestic stability buffer would remain at one per cent of total ...