2022 was an exciting year for Paramount Commerce. We won an award, launched a new payment solution and innovative features, formed important partnerships, brought great programs for our team members, and supported several iGaming merchants who expanded their brands into Ontario’s regulated iGaming market. And in 2023, the Paramount Commerce team aims to continue their hard work in simplifying payments for our clients and consumers, while also exploring new industry opportunities and supporting our team members with a great work culture.
We asked Paramount Commerce’s leadership what they are looking forward to in 2023. Check out what they said.
“This year I am really looking forward to the progress Canada will make toward open banking. As open banking continues to gain international momentum, it has the potential to revolutionize the way we manage and access our financial information. By enabling greater access to and control over our own data, open banking empowers consumers to make more informed financial decisions. It drives competition within the financial industry, ultimately leading to better products and services for all Canadians.” – Dave Roe, Chief Operating Officer at Paramount Commerce
“At Paramount Commerce, we are committed to ensuring efficiency and simplifying processes for both our clients and team members. This year we want to continue these efforts by seeking out and implementing innovative technologies and strategies, which will help us create a seamless and hassle-free experience for all parties involved. This not only benefits our clients by saving them time and resources but also allows our team members to focus on delivering the highest level of service and support.” – Izabela Wakabayashi, Chief Financial Officer at Paramount Commerce
“As we scale our products such as INTERAC and Instant Bank Transfer while also diversifying into new verticals, we are constantly seeking out opportunities to bring innovative features and technologies to our customers. This year our goal is not only to improve the merchant and consumer experience but also to stay ahead of the curve and set the standard for excellence within the industry with features like One-Click payments. By continuously pushing the boundaries and thinking outside the box, we will drive progress.” – Akhil Mittal, Vice President of Product Management at Paramount Commerce
“The Canadian payments sector is on the cusp of transformation. The recent introduction of The Retail Payments Activities Act, promises regulation of the sector that was largely unregulated. This milestone is the first step for non-banks to directly access Canada’s payment rails, helping to level the playing field for PayTechs. I hope 2023 brings further reform and progress on Canada’s highly anticipated Real-Time Rail.” – Kristi Lewis, Director of Marketing at Paramount Commerce.
This year I am excited to see a full sports season for Ontario’s regulated iGaming market. Paramount Commerce will continue to support new and existing merchants in the province to navigate the constantly evolving gaming landscape while also providing the most innovative solutions and features for their payment needs. Apart from that, we are really excited about expanding into new verticals and becoming the leading payment processor in Canada.” – Sereena Boparai, Chief Revenue Officer at Paramount Commerce
“With Paramount Commerce looking to expand into newer markets in 2023, we are committed to understanding and following all regulatory obligations. We believe that compliance is key to the success of our business, and we will work tirelessly to ensure that we are meeting all necessary requirements. At the same time, we will continue to provide the best payment solutions for our merchants, helping them to grow and thrive in their respective industries.” – Kamil Alvi, Head of Compliance at Paramount Commerce
“As we look towards 2023, we are excited to bring new, innovative ideas and features to Paramount Commerce’s payment solutions, including Instant Bank Transfer and INTERAC. We are determined to grow further within Ontario’s iGaming market and bring our secure account-to-account solutions to new verticals, providing a secure and scalable alternative to credit cards. We are always looking for ways to improve and enhance the payment experience for both our merchants and consumers.” – Eddie Chan, Chief Technology Officer at Paramount Commerce
“As we move forward in a post-pandemic world, it is more important than ever to prioritize the well-being and needs of our employees. That’s why this year, we will continue to roll out programs that not only provide the best experience for our employees but also offer flexibility and choice in how they work. By creating a supportive and empowering work environment, we will retain top talent and drive innovation and success for our company.” – Anna De Lucia, Vice President of People & Culture at Paramount Commerce
“In 2023 we are excited to continue to tackle new challenges. We believe that with hard work and determination, we will continue to grow and thrive in this changing industry, while exploring new market opportunities. Plus, we will continue to support current and prospective merchants with any changes within the iGaming and fintech market.” – Amy Reier, Director of Legal at Paramount Commerce
“I am excited to see the paytech and fintech industries embrace the power of AI and machine learning this year. These cutting-edge technologies have the potential to revolutionize the way we make payments and manage our finances, and we believe that they will benefit both businesses and consumers alike. At Paramount Commerce, we are always looking for ways to incorporate the latest and greatest technology into our payment solutions, and we can’t wait to see what the future holds for the industry.” – Ryan Yates, Vice President of Operations and Risk Management at Paramount Commerce
Paramount Commerce is a global payments technology company providing a safe and simple way to accept bank account-based payments. As a leading solution in both iGaming and sports betting, our patented technology is used by millions of consumers and has processed over $100 billion in volume. Offering a best-in-class experience, seamless integration, and over 18 years of industry experience, Paramount Commerce creates raving fans of both merchants and consumers. To learn more, visit paramountcommerce.com