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… potential of a completely ISO 20022-enabled payments ecosystem. Hi. I'm Justin Ferrabee, Chief Operating Officer of … customers, then the suppliers in the economy, the payment systems, the banks, will be able to see that they'll get a … what the risks to your organization are. Is your current systems going to integrate with the new payment systems? If …

… series. So let's first set the stage on what a payments ecosystem is in the first place and why it's due to be … you going pay debit or credit before you use your card? The system should recognize it and it doesn't matter. It goes to … feel it anymore, but when we introduce all the modernized systems we have planned for, a lot of this friction will be …

… for innovative payment technologies, and a modern payment system. Hi, I'm Justin Ferebee, chief operating officer at … you almost have to, you were relying on the friction in the system to manage your money. And now you have to create your … finances on their own. Like we can't blame the payment system, because it's too convenient. You've got to give …

… We must continue to innovate and modernize the payment system in order to help our businesses to grow to keep their … [crosstalk 00:06:18] Justin Ferrabee: Or they have a big system that matches that kind of stuff. Dan Kelly: Indeed. … don't really want to change. They're happy with the payment system that they have today. But that's a third of small and …

… resiliency is in the spotlight as Canada's national payment systems continue to operate safely and reliably even in the … and businesses, must be prepared to constantly adjust systems to meet change in economic conditions and also … and well-being of employees as well as operations of our system top priorities. To further our discussion on risk and …

… the world. With the modernization of our national payment system, along with regulatory review and discussions, Canada … people still have to work with a relatively archaic payment system. I think this is a journey. Most countries have gone … more competitive. So if India has got a much better payment system than we have, it's easier to operate and do things …

… if you will, into the businesses, and even the wholesale system. Take for example, the heist of the Bank of … That operation involved malware that had been on their systems for months, allowing threat actors to learn the … tools are then used to exploit the individual or financial systems or other targets. Adversaries themselves, they …