Last year, Paramount Commerce celebrated two decades of innovation and success. 2023 stood out as a pivotal milestone in the company’s history. Marking 20 years of groundbreaking contributions to the world of payments and fintech, Paramount Commerce has not only weathered the dynamic shifts of the industry but has emerged stronger and more resilient than ever.
And as we step into 2024, Paramount Commerce leaders are gearing up for another exciting year. From technological advancements and market trends to evolving consumer behaviours, our leaders are ready to navigate the challenges and seize the opportunities that the new year brings.
We asked Paramount Commerce’s leadership what they are looking forward to in 2024. Check out what they said.
“In 2024, I eagerly anticipate the opportunities that lie ahead. Our focus at Paramount Commerce remains on driving vertical expansion, exploring new horizons in innovation, and riding the momentum of open banking in Canada. Together, these pillars will not only elevate our services but also position us at the forefront of transformative change, ensuring a seamless and cutting-edge experience for our clients in the evolving landscape of financial technology.” – Dave Roe, Chief Operating Officer at Paramount Commerce
“I’m excited about the unfolding developments in Canada’s financial landscape in 2024. From embracing open banking to advancing innovative technologies, our focus is on empowering consumers, driving competition, and setting new standards of excellence for payments in Canada.” – Sereena Boparai, Chief Revenue Officer at Paramount Commerce
“As we step into 2024, our focus at Paramount Commerce is set on an exciting journey of vertical expansion, fueled by relentless innovation. We are eager to explore new horizons and embrace emerging technologies and practices. Staying at the forefront of our industry ensures not just relevance, but the ability to shape the future of payments. Here’s to a year of groundbreaking advancements and sustained excellence.” – Damon Petta, Chief Technology Officer at Paramount Commerce
“Our focus in 2024 remains steadfast on enhancing operational excellence and financial agility. One of our key strategic objectives is to harness the power of innovative supplier relationships and seamless integrations. By forging new partnerships and optimizing existing ones, we aim to create a more efficient supply chain that not only meets our current demands but also positions us for future growth.” – Izabela Wakabayashi, Chief Financial Officer at Paramount Commerce
“I look to the future and how regulation and legislation may affect our organisation or solutions, so I look forward to 2024’s requirements and how they will help shape the industry. On the 1st of November 2024, the Retail Payment Activities Act (RPAA) will come into force with administration and enforcement powers, and the registration of payment service providers (PSPs) with the bank will be required by November 16, 2024. The threat landscape is always changing with technology, so I look forward to implementing several new solutions to help with automation, compliance, and security.” – Mark Belgrove, Chief Information Security Officer at Paramount Commerce
“I’m thrilled about the positive shifts in Open Banking in Canada and our expanded market presence through the Clik2Pay acquisition. Anticipating a year of impactful product developments, seamless user experiences, and continued growth.” – Sam Kawsarani, Vice President of Product Management at Paramount Commerce
“I’m excited about the opportunity for high-growth merchants eager to adopt innovative payment solutions as we extend our footprint in the Canadian market. Leveraging both the recent Clik2pay acquisition, our organic growth, industry connections, and Open Banking policy changes, we’re well poised to embrace this expansion.” – Kristi Lewis, Vice President of Marketing at Paramount Commerce
“I’m looking forward to our expansion into new business verticals. By bringing in exceptional talent and staying true to our commitment to our employee promise, we are not only setting the stage for successful growth but furthering our mission to simplify payments.” – Anna De Lucia, Vice President of People & Culture at Paramount Commerce
“This year, we are looking forward to the newly- formed collaboration with Clik2Pay post-acquisition, and our expansion into new business verticals. Our focus remains on legal and regulatory compliance (particularly the impacts of the new RPAA Regulations), risk management, and strategic business support.” – Amy Reier, Director of Legal at Paramount Commerce
“As we step into 2024, I’m thrilled by the progress at Paramount Commerce in adopting Machine Learning and data analytics for Risk Management. In 2023, we proudly led the way as the first bank account-based payment processor in Canada to implement Machine learning for fraud prevention in the high-growth sectors we serve. This year, as we venture into new verticals and expand our merchant network, the additional insights will enrich our 20-year transaction history, further strengthening our Risk Models to safeguard our merchants and customers from the ever-evolving fraud trends.” – Shashank Kalidindi, Head of Risk Management at Paramount Commerce
Paramount Commerce is on a mission to simplify payments and is Canada’s leading bank account-based payment partner. Our patented technology is used by millions of consumers and has processed over $100 billion in volume. Offering one-click payments, a robust risk management system, a best-in-class experience, seamless integration, and over 20 years of industry experience, Paramount Commerce creates raving fans of both merchants and consumers. To learn more, visit paramountcommerce.com