The biggest payment stories of 2024
Paramount Commerce
Paramount Commerce is Canada’s leading pay by bank payment partner.
Greetings payment enthusiasts,
Welcome to the Holiday edition of Payment Insights, your one-stop shop for the biggest fintech news in Canada.
In this edition we are looking back at the biggest payment stories of 2024:
?? Open banking framework obtaining royal assent
?? Collaboration between AI & payments
?? Is the real-time rail back on track? (see what we did there?!)
So grab a coffee, sit back, and enjoy this edition of Payment Insights.
Ho ho ho, it’s open banking!
Earlier this year, Bill C-69 officially received royal assent, paving the way for open banking to become law. This is a game-changer for Canada's financial world.
AI & payments? A jolly combo
AI is transforming digital payments by increasing security and streamlining processes with next-level fraud detection and automation. (And yes, this line was crafted by AI too!)
?? Expert Interview
The Real-Time Rail (sleigh) will be the real deal In the fourth episode of the Simplify Payments podcast, we discussed why the Real-Time Rail is the future of financial transactions in Canada and how it will impact individuals, businesses, and the financial landscape. Our guest was Brigit Carroll, Senior Policy Lead & Campaigns Manager for the Americas at Wise.
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This content was originally produced for Paramount Commerce's monthly newsletter, Payment Insights. Sign up to get the latest?payment news and trends delivered to your inbox.