Bank of Canada launches tech collaboration initiative

“We want to partner with anyone who has something to contribute,” COO says

Bank of Canada facade

The Bank of Canada is launching a new programme to foster innovation in digital tools and technology.

The Partnerships in Innovation and Technology (Pivot) programme aims to improve “the quality and breadth” of the central bank’s economic research, and its “day-to-day operations”.

The programme involves central bank staff collaborating with external partners for six-month periods. During this timeframe they will experiment with new technologies and digital tools with the aim of solving key

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ACI Worldwide powers 26 domestic and pan-regional real-time payments schemes across six continents, including 10 central infrastructures, providing solutions to central banks, participant banks, fintechs and other payment service providers

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