How Canadian banks can make the most of the payments revolution

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Canada is undertaking a massive modernization of its payments infrastructure, with everything from the real-time rail to cross-border payments ushering in significant change for Canadian banks. Adding to the pace of change are other key developments in financial services, like open banking, the ongoing evolution of crypto and digital currencies and adoption of environmental, social and governance (ESG) strategies. With the right strategies anchored in the trust they’ve built up, Canadian banks have an opportunity to win.

In this Transformation Talks video, PwC Canada’s Payments Leader, Edgar Barbosa and PwC Risk Partner, Ken Stoneham, discuss the path to payments modernization for Canadian banks and what it means for the future of the banking industry.

"There's a lot of disruption happening in the payments landscape right now. If you don't act quickly you'll be left behind for payments 3.0, when that change comes about."

Edgar Barbosa, Partner and Canadian Payments Leader, PwC Canada

About the speakers

Headshot of Edgar Barbosa

Edgar Barbosa is a Partner and Canadian Payments Leader at PwC Canada. He brings more than 20 years of experience in financial services, with a significant focus on leading large payments and credit card transformation initiatives in Canada and the United States.

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Headshot of Kenneth M. Stoneham

Kenneth M. Stoneham is a Risk Assurance Services Partner at PwC Canada. He specializes in risk management and information systems, with a particular focus on the financial services industry.

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Contact us

Jason Boggs

Jason Boggs

Banking and Capital Markets, Lead Relationship Partner, PwC Canada

Tel: +1 416 941 8311

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