Sure. We did include that in our submission, and I noted that my counterpart at Questrade, who presented last month, also shared that quote, so it very much represents a shared sentiment across our sector.
A global review of real-time payments that was undertaken by ACI and looked across the globe is reported to have found that “government mandates are almost a basic requirement for banks and payments firms to move to real-time payments, and governments are realizing that real-time...can help boost their economies.”
I think it's supported by the U.S. Federal Reserve moving forward with FedNow, despite the presence of privately-owned payment rails. They project that FedNow, their version of RTR, will help reduce $10 billion dollars of late and insufficient fees that individuals and businesses face.