The Canadian banking landscape is undergoing significant changes as the Bank of Canada prepares to implement new oversight measures for retail payment providers starting November 1, 2024. This development is part of a broader initiative aimed at enhancing transparency and compliance within the financial sector. The new regulations, which include the Registration of Payment Service Providers (RPAA), are expected to foster innovation in the payments space, as highlighted by Muralikrishnan Puthanveedu of Thoughtworks, who discussed emerging trends and the concept of 'coopetition' among governments and big tech. In parallel, Canada's banking lobbyists are advocating for a comprehensive overhaul of the financial crime reporting regime to better address current challenges. Additionally, a recent webinar is scheduled for November 7, 2024, to explore how real-time payments are transforming corporate banking and the opportunities they present for banks to enhance their services and competitiveness.