Latest news with #RTR
Yahoo
7 days ago
- Business
- Yahoo
Canada's real-time payments modernisation: A turning point for financial institutions
Canada's payments ecosystem is at a pivotal stage of transformation. The journey toward simplification and modernisation is accelerating, with efforts such as the introduction of Real-Time Rail (RTR) and increased regulatory oversight reshaping the landscape. This impending change will greatly impact the nation's financial services industry, which is anchored by five dominant banks that control over 90% of the country's total banking assets and financial services market share. Despite their historical strength and resilience – particularly during periods of global financial stress – Canadian banks now face major technical challenges. Legacy infrastructure and fragmented data environments are increasingly at odds with the growing demand for faster, more transparent, and more secure payment experiences. At the same time, traditional financial institutions must navigate these pressures while contending with broader economic headwinds. Now, under new mandates such as the Retail Payment Activities Act (RPAA), the Bank of Canada has begun registering payment service providers (PSPs), a shift that brings these players under formal oversight for the first time, enabling them to build trust, scale with more confidence and gain direct access to core payment systems. This levelling of the regulatory playing field is expected to increase market participation and foster healthy competition alongside traditional banks. As the high-value and real-time payment rails continue to evolve under regulatory oversight, institutions are under pressure to modernise both operationally and technologically. They're actively exploring new infrastructure, data capabilities and monitoring tools to support this shift. This is a crucial moment for Canadian banks to strengthen their operational readiness, not just to meet evolving expectations but to lead in a real-time economy. The momentum is here, both in regulation and innovation. Now, it's about execution. As Canada moves toward a real-time financial ecosystem, resilience has become a strategic priority — not just a compliance checkbox. Institutions today must approach resilience as a multi-layered strategy across business, operational and technical domains. These layers are interconnected: technology provides the foundation, operations drive execution and business resilience is the ultimate goal. At the top of the stack, business resilience is about safeguarding critical services and customer commitments, particularly during times of stress. According to the Bank of Canada's Operational Resilience and Operational Risk Management Guideline, Canadian institutions are now expected to identify their most essential business functions, define impact tolerances and establish plans to maintain service delivery. Payments Canada has reinforced this focus through high-availability investments, such as the launch of a secondary data centre for Lynx, the country's high-value payment system. Additionally, operational resilience now focuses on how effectively institutions can respond, recover and adapt to disruptions, ideally before customers even notice. This requires smarter monitoring, real-time alerting and a tighter grip on third-party risk. With PSPs and cloud providers looking set to play a larger role in Canada's financial ecosystem, ensuring oversight across the entire service chain is more important than ever. Finally, technical resilience underpins everything else. Canadian banks are under pressure to modernise decades-old infrastructure to meet the expectations of a 24/7 economy. Systems must not only perform at scale, but be tested, secure and adaptable. With the Real-Time Rail on the horizon, the need for infrastructure that is robust, flexible and deeply observable will only grow. By viewing resilience as a layered, interconnected capability and not a siloed requirement, Canada's financial institutions can better navigate the demands of modernisation, regulation and customer trust. In a real-time payments environment, being reactive is no longer enough. As transaction volumes increase and customer expectations for instant service rise, banks must anticipate issues before they escalate. This requires visibility, traceability, and speed — not just in payment processing, but in how institutions manage exceptions, compliance, and customer service. Canadian financial institutions have an opportunity to lead by embedding proactivity deep into their operational DNA. Canada's move toward real-time infrastructure introduces not only new opportunities but also a new set of security and fraud prevention challenges that demand proactive strategies. With standards like ISO 20022 unlocking richer data formats, financial institutions can now access and act on granular transaction data to identify friction points and anomalies. This not only reduces risk but also enhances trust and efficiency. For some context, investigating a single lost payment can cost a bank as much as $250–$300, and with the volume of transactions increasing, these costs can quickly spiral without the right monitoring tools. Transaction management platforms can address this challenge by enabling financial institutions to access and monitor payment flows across systems in real time, regardless of format or platform. These solutions typically provide two core capabilities: Real-time accessibility of transaction data to support instant decision-making. Track and Trace functionality offers end-to-end visibility, proactive alerts for delayed or failed payments, and a clear view of what's at stake – before a customer even needs to call. In turn, this approach can prevent up to 500,000 payment-related calls per bank annually, delivering a measurable impact on cost, service quality and customer experience. On the compliance front, these tools can also support regulatory reporting needs. Ultimately, in a world where milliseconds matter, layered capabilities like dynamic anomaly detection and early fraud alerting are no longer optional — they are essential. For Canadian financial institutions, there's now an imperative to assess what systems best meet their needs. As Canada modernises its payments infrastructure, the opportunity is clear: shift from reaction to readiness. Canadian financial institutions that invest now in operational visibility and resilience will not only meet regulatory expectations — they'll lead in customer trust, competitive performance, and help shape a stronger, more agile financial ecosystem for Canada's real-time future. Erik De Belder is Director of Americas & UK at Intix "Canada's real-time payments modernisation: A turning point for financial institutions" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
15-05-2025
- Business
- Yahoo
Rent the Runway to Report First Quarter 2025 Results on June 5, 2025
NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. ('Rent the Runway') (Nasdaq: RENT) announced today that it expects to release its first quarter 2025 financial results for the quarter ended April 30, 2025 on Thursday, June 5, 2025, after market close. Rent the Runway will host a conference call and live webcast with the investment community at 4:30 p.m. Eastern Time that same day to discuss its results and to provide a business update. The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway's website at under the 'Events' section. To access the call through a conference line, dial 1-877-407-3982 (in the U.S.) or 1-201-493-6780 (international callers). A replay of the conference call will be posted shortly after the call and will be available for at least fourteen days. To access the replay, dial 1-844-512-2921 (in the U.S.) or 1-412-317-6671 (international callers). The access code for the replay is 13753946. About Rent the Runway Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing the way women get dressed through the Closet in the Cloud. RTR's mission has remained the same since its founding: powering women to feel their best every day. Through RTR, customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands. The Closet in the Cloud offers a wide assortment of millions of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear and ski wear. RTR has built a two-sided discovery engine, which connects deeply engaged customers and differentiated brand partners on a powerful platform built around its brand, data, logistics and technology. Under CEO and Co-Founder Jennifer Hyman's leadership, RTR has been named to CNBC's 'Disruptor 50' five times in ten years, and has been placed on Fast Company's Most Innovative Companies list four times, while Hyman herself has been named to the 'TIME 100: Most Influential People in the World" and as one of People Magazine's 'Women Changing the World." ContactsPresspress@ Investor Relationsinvestors@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
FF News
12-05-2025
- Business
- FF News
The Real-Time Rail Build is on Track for Completion in Q3 2025
Jude Pinto, Chief Delivery Officer at Payments Canada, was joined by the Real-Time Rail (RTR) delivery partners at The Payments Canada SUMMIT to provide an update on this national infrastructure. 'The system build is on track to be finished in Q3 2025, which is a huge accomplishment for the program' said Pinto. 'This milestone highlights the progress we've made in developing a system built in Canada for Canada and reflects the strength of our collaborative delivery approach.' Pinto was joined on the mainstage of The Payments Canada SUMMIT by representatives from the RTR delivery partners: John Collinson of Interac, Rob Mayer of CGI, Jeff Mulholland of IBM Canada and Todd Roberts of Deloitte Canada. They discussed their collaborative approach to delivering the RTR as a unified team and together reaffirmed that the RTR build is tracking towards completion in Q3 of this year, as planned. Once the RTR is built, the testing phase is set to occur through 2025 and 2026, paving the way for a robust and reliable system that meets the needs of Canadians. The RTR will be launched once the testing phase has been successfully completed. Real-time payments and the RTR proved to be topics of interest at The 2025 SUMMIT, with several panelists and speakers addressing the strong progress of the build and the transformation the system will bring to the payment ecosystem. The SUMMIT, hosted by Payments Canada, is Canada's annual premier payment event. For over 20 years, The SUMMIT has been the place to engage with exciting ideas and connect with the best leaders and innovators from across the ecosystem. The 2026 Payments Canada SUMMIT will be back at Toronto's Automotive Building from May 5 to 7. Subscribe to The SUMMIT newsletter for exclusive updates on Canada's premier payments event.
The Irish Sun
09-05-2025
- Politics
- The Irish Sun
Body language analysis reveals who is REALLY in control between tinpot tyrants Putin & Xi at Victory Day parade
A TOP body language expert has revealed who is the true "alpha" out of Vladimir Putin and Xi Jinping after the pair met in Moscow. The pair of despicable tyrants bonded over tea and cakes before watching Russia's 10 A top body language expert has revealed who is the true 'alpha' out of Vladimir Putin and Xi Jinping after the pair met in Moscow Credit: EPA 10 Judi caught Putin sticking his tongue in and out several times which she says is him trying to catch Xi's attention Credit: RTR 10 In a major uncharacteristic moment Putin poured himself and Xi a drink instead of making his staff complete the act Credit: Reuters 10 The two presidents were seated next to each other at today's parade as Moscow paraded nukes, tanks, drones and armed troops past dozens of world leaders in a show of strength. Putin tried his best to impress as he crafted Russia's biggest military display since launching its invasion on Ukraine - despite Kyiv slamming the ceremony as a The most high-profile and notable name at the event was China 's Xi who flew in from Beijing on Thursday. read more in Vladimir Putin And the two nuclear armed pals continued to develop this close bond over the parade. But for body language expert Judi James it is abundantly clear which world leader is desperate for the other's attention. Speaking after watching several clips of the two seated together at the parade, Judi said Xi comes across as the clear strongman . She told The Sun: "The alpha power signals are Xi's as he sits like a very honoured guest at the parade. Most read in The Sun "While Xi is in conversation with someone to his right, Putin seems to be literally hopping about with what looks like excitement to join in and attract Xi's attention. "He pops about in his seat, leaning across to make a comment that seems to involve a very casual thumb-jerk at Xi as though he is a mate he's sharing a laugh with." Putin and Xi watch WW2 Victory Day military parade in Moscow Another thing Judi noticed was how eager Putin appeared to be compared to his normal stoic nature. He stuck his tongue in and out several times out of "anticipation" as he tried to catch Xi's attention, she said. Vlad lent over several times to be closer to Xi as well as their interpreter spoke for them both. After their meeting on the Thursday, Putin even addressed the Chinese leader as his "dear friend". The alpha power signals are Xi's Judi James Body language expert And as the Kremlin chief drifted from his typical mannerisms and tendencies Xi remained his usual self. He held a solid but polite pose throughout the event but didn't once suggest he was going to "openly mirror his host's displays of cheerful excitement". The pair also met up a day earlier as they held a bizarre talk over an afternoon tea. They sat in one of the Kremlin's grand palaces on golden chairs which matched up to the gold table, walls and sofa all in front of them. The one-on-one bilateral meeting saw them tuck into fruit and what appeared to be cake. 10 Xi remained his typical stoic self during the parade as Putin constantly tried to impress the Chines president, Judi said Credit: Alamy 10 Putin was very vocal and used his hands a lot at various times when he spoke to Xi Credit: Getty 10 During his presidential address at the parade Putin appeared back to typical tyrannical self as he snarled as he spoke Credit: Sky News But in a major out of character moment for Putin which he rarely allows the world to see, he poured Xi a cup of tea by himself. Usually, Vlad would beckon over one of his staff to serve the drinks so he could show off his loyal followers and impress Xi. Judi believes the change of behaviour could be an attempt to show the world that despite his war time troubles Putin is unfazed by the pressure. Instead he is trying to give off a sense of "gracious, untroubled cordiality". Despite Judi's comments she did notice how Putin flipped back into his usual snarling demeanour when he took to the stage to give a presidential speech at the parade. Russia's Victory Day RUSSIA, and the Soviet Union before it, celebrates Victory Day on May 9 every year to commemorate the end of World War Two. Central to the celebrations is a major military parade in Moscow's Red Square, during which Russia's President Vladimir Putin gives a speech. However, the date differs in many other European countries, who mark VE Day on May 8 - the day on which Nazi Germany's unconditional surrender was accepted. Putin's vast military parade on Red Square is seen as one of his favourite celebrations. This year marked the 80th anniversary of the fall of Adolf Hitler - meaning the Kremlin celebrated in style. Dozens of tanks and armoured trucks were wheeled out across the Russian capital. The actual event also saw more than 10,000 Russians troops taking part as well as soldiers from North Korea. Among those in attendance included Chinese president Xi Jinping and the leaders of ex-Soviet states including Belarusian strongman Alexander Lukashenko. Putin took the mic to claim that "peace and justice are on our side," and that Russia is united behind He said: "The whole country, society and people support the participants of the special military operation. "We are proud of their bravery and determination, of the fortitude that has always brought us only victory." Putin's monologue was followed by a volley of cannon fire and a well-oiled military procession. Around 11,000 soldiers clutching rifles and flags marched in perfect unison to a thunderous brass band. Enormous nuclear warheads and armoured tanks trundled past, and fighter jets stormed overhead trailing the colours of Russia's flag. Drones were included in the parade for the first time, in recognition of their increasing significance on the battlefield. Russia expert Stephen Hall told The Sun: "Russia is trying to highlight they're not isolated, that it's business as usual and that they have the capacity to show military force. "But we have to remember that a lot of this is for show, and also that this is the 80th anniversary of a celebration that is very important to Vladimir Putin." 10 Russia's military battalions were out in force Credit: Reuters 10 American movie star and close Putin pal Steve Seagal watched the Red Square celebrations Credit: AP 10 Thousands of soldiers line up in formation as the parade kicks off Credit: AP
Scottish Sun
09-05-2025
- Politics
- Scottish Sun
Body language analysis reveals who is REALLY in control between tinpot tyrants Putin & Xi at Victory Day parade
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A TOP body language expert has revealed who is the true "alpha" out of Vladimir Putin and Xi Jinping after the pair met in Moscow. The pair of despicable tyrants bonded over tea and cakes before watching Russia's Victory Day parade - but which despot is really in control and who is just looking for a new best friend? 10 A top body language expert has revealed who is the true 'alpha' out of Vladimir Putin and Xi Jinping after the pair met in Moscow Credit: EPA 10 Judi caught Putin sticking his tongue in and out several times which she says is him trying to catch Xi's attention Credit: RTR 10 In a major uncharacteristic moment Putin poured himself and Xi a drink instead of making his staff complete the act Credit: Reuters 10 The two presidents were seated next to each other at today's parade as Moscow paraded nukes, tanks, drones and armed troops past dozens of world leaders in a show of strength. Putin tried his best to impress as he crafted Russia's biggest military display since launching its invasion on Ukraine - despite Kyiv slamming the ceremony as a "parade of cynicism". The most high-profile and notable name at the event was China's Xi who flew in from Beijing on Thursday. Putin and Xi have grown close in recent months with the pair recently visiting each other on several occasions as they look to strengthen their diplomatic and personal relationship. And the two nuclear armed pals continued to develop this close bond over the parade. But for body language expert Judi James it is abundantly clear which world leader is desperate for the other's attention. Speaking after watching several clips of the two seated together at the parade, Judi said Xi comes across as the clear strongman. She told The Sun: "The alpha power signals are Xi's as he sits like a very honoured guest at the parade. "While Xi is in conversation with someone to his right, Putin seems to be literally hopping about with what looks like excitement to join in and attract Xi's attention. "He pops about in his seat, leaning across to make a comment that seems to involve a very casual thumb-jerk at Xi as though he is a mate he's sharing a laugh with." Putin and Xi watch WW2 Victory Day military parade in Moscow Another thing Judi noticed was how eager Putin appeared to be compared to his normal stoic nature. He stuck his tongue in and out several times out of "anticipation" as he tried to catch Xi's attention, she said. Vlad lent over several times to be closer to Xi as well as their interpreter spoke for them both. After their meeting on the Thursday, Putin even addressed the Chinese leader as his "dear friend". The alpha power signals are Xi's Judi James And as the Kremlin chief drifted from his typical mannerisms and tendencies Xi remained his usual self. He held a solid but polite pose throughout the event but didn't once suggest he was going to "openly mirror his host's displays of cheerful excitement". The pair also met up a day earlier as they held a bizarre talk over an afternoon tea. They sat in one of the Kremlin's grand palaces on golden chairs which matched up to the gold table, walls and sofa all in front of them. The one-on-one bilateral meeting saw them tuck into fruit and what appeared to be cake. 10 Xi remained his typical stoic self during the parade as Putin constantly tried to impress the Chines president, Judi said Credit: Alamy 10 Putin was very vocal and used his hands a lot at various times when he spoke to Xi Credit: Getty 10 During his presidential address at the parade Putin appeared back to typical tyrannical self as he snarled as he spoke Credit: Sky News But in a major out of character moment for Putin which he rarely allows the world to see, he poured Xi a cup of tea by himself. Usually, Vlad would beckon over one of his staff to serve the drinks so he could show off his loyal followers and impress Xi. Judi believes the change of behaviour could be an attempt to show the world that despite his war time troubles Putin is unfazed by the pressure. Instead he is trying to give off a sense of "gracious, untroubled cordiality". Despite Judi's comments she did notice how Putin flipped back into his usual snarling demeanour when he took to the stage to give a presidential speech at the parade. Russia's Victory Day RUSSIA, and the Soviet Union before it, celebrates Victory Day on May 9 every year to commemorate the end of World War Two. Central to the celebrations is a major military parade in Moscow's Red Square, during which Russia's President Vladimir Putin gives a speech. However, the date differs in many other European countries, who mark VE Day on May 8 - the day on which Nazi Germany's unconditional surrender was accepted. Putin's vast military parade on Red Square is seen as one of his favourite celebrations. This year marked the 80th anniversary of the fall of Adolf Hitler - meaning the Kremlin celebrated in style. Dozens of tanks and armoured trucks were wheeled out across the Russian capital. The actual event also saw more than 10,000 Russians troops taking part as well as soldiers from North Korea. Among those in attendance included Chinese president Xi Jinping and the leaders of ex-Soviet states including Belarusian strongman Alexander Lukashenko. Putin took the mic to claim that "peace and justice are on our side," and that Russia is united behind the war in Ukraine. He said: "The whole country, society and people support the participants of the special military operation. "We are proud of their bravery and determination, of the fortitude that has always brought us only victory." Putin's monologue was followed by a volley of cannon fire and a well-oiled military procession. Around 11,000 soldiers clutching rifles and flags marched in perfect unison to a thunderous brass band. Enormous nuclear warheads and armoured tanks trundled past, and fighter jets stormed overhead trailing the colours of Russia's flag. Drones were included in the parade for the first time, in recognition of their increasing significance on the battlefield. Russia expert Stephen Hall told The Sun: "Russia is trying to highlight they're not isolated, that it's business as usual and that they have the capacity to show military force. "But we have to remember that a lot of this is for show, and also that this is the 80th anniversary of a celebration that is very important to Vladimir Putin." 10 Russia's military battalions were out in force Credit: Reuters 10 American movie star and close Putin pal Steve Seagal watched the Red Square celebrations Credit: AP
