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Bank of Canada explores CDBC use for offline payments

News | Cryptocurrencies | 01 Mar 2023

The Bank of Canada has released a research note that explores the use of CDBCs for offline payments in various scenarios.

CBDC, cryptocurrency, central bank, research

HSBC sells Canadian business to Royal Bank of Canada

News | Online & Mobile Banking | 30 Nov 2022

HSBC Holdings’s subsidiary HSBC Overseas has entered into an agreement to sell its banking business in Canada to Royal Bank of Canada, subject to regulatory and governmental approvals.

acquisition, banks, banking, online banking, central bank

Bank of Canada introduces retail payments supervisory framework

News | Ecommerce | 23 Nov 2022

The Bank of Canada has introduced a supervisory framework under the The Retail Payments Activities Act which sets out how it will oversee PSPs and foster compliance.

retail, risk management, regulation, ecommerce, PSP

The Bank of Canada urges fintechs to prepare for retail payments regulation

News | Payments General | 03 Nov 2022

The Bank of Canada has urged firms to prepare for a regulatory regime that will cover companies providing services like digital wallets and electronic payment systems.

banks, fintech, retail, payments , regulation

RBC partners with Plaid for data access

News | Digital Identity, Security & Online Fraud | 17 Jun 2022

Royal Bank of Canada (RBC) and US-based financial services company Plaid have announced a mutual data access agreement, allowing RBC’s clients to share their financial data securely via a direct API with apps and services available on Plaid’s platform.

partnership, financial services, API, financial data, financial institutions, online banking, digital identity, online security

RBC integrates MYPINPAD's Identity Verification Service

News | Digital Identity, Security & Online Fraud | 18 May 2022

Royal Bank of Canada (RBC) has teamed with payments solution provider MYPINPAD to integrate the latter’s bank-grade Mobile Banking Authentication SDK (MBAS) into RBC’s mobile banking app.

partnership, identity verification, two-factor authentication, mobile payments

Bank of Canada stimulates crypto adoption scenarios through quantum computing

News | Cryptocurrencies | 15 Apr 2022

The Bank of Canada has turned to quantum computing to simulate scenarios where cryptocurrency and fiat currency can coexist.

banks, cryptocurrency, startup, blockchain, data