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The Real-Time Rail quarterly update with Jude Pinto: 2024 Q4

Jude Pinto, Chief Delivery Officer at Â鶹ÊÓƵ, provides a quarterly update on the Real-Time Rail (RTR) sharing the program’s progress to date and future direction over the next three months.

Jude Pinto provides an update on the status of the Real-Time Rail (RTR) sharing that Â鶹ÊÓƵ and our delivery partners have made significant progress and have aligned on a detailed path forward over the next few months.

Â鶹ÊÓƵ and our delivery partners have successfully begun building the real-time clearing and settlement component. Reaching this milestone required the rapid ramp up of our delivery partnership, comprised of hundreds of individuals across our partner organizations. Together the team gained alignment from stakeholders and detailed the technical requirements of the RTR, a massive undertaking which will serve as a blueprint moving forward.

Over the next three months, we will continue with the technical build of the real-time clearing and settlement system and enhance the RTR exchange, which was built in 2023. Together these two pieces will form the first real-time payment system in Canada allowing money to be sent and received in real-time, including the exchange, clearing and settlement between financial institutions in real-time.

Explaining the Real-Time Rail

Â鶹ÊÓƵ’s Chief Delivery Officer, Jude Pinto, explains the Real-Time Rail payment system (RTR) and the value it will provide to Canadian consumers and businesses.

The Real-Time Rail quarterly update

The first video in a series of quarterly videos on the Real-Time Rail payment system (RTR) dives into the latest RTR developments and the program’s future direction over the next three months.

Our next quarterly video will be available in the new year and will provide an update about the continued progress building the RTR payment system and the path to delivery.

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