We harness diverse and creative thinking to prepare for the risks and challenges of tomorrow.
Accelerating and often disruptive, change calls for new ways of exploring ideas and solving problems. From the perspective of a central bank, this means exploring the potential of transformative technologies to change how we think and work. It also means leveraging the most advanced tools to draw novel insights from data. Meanwhile, we’ll use our leadership and expertise to ensure Canadian households and businesses can continue to participate in our economy with the utmost confidence in our bank notes and payments systems.
Objectives
- We lead the central banking community in using data sources and applying leading-edge technologies.
- We ensure Canadians have access to safe, fast, modern, reliable and convenient forms of payment now and into the future.
- We embrace new and transformative technologies, enabling us to work more efficiently and effectively.
Outputs
- Expanding employees’ use of diverse and comprehensive data sources.
- Responsibly integrating artificial intelligence (AI) and quantum computing tools into our work.
- Issuing bank notes with robust and novel security features that respond to the threat landscape.
- Providing leadership on payments modernization in Canada.
- Developing a clear and holistic view of the global payments ecosystem and its evolution.
What success looks like
- Transformative technologies: We have deepened our understanding of AI and quantum computing, and we are actively and responsibly integrating them into our work.
- Advanced tools: Our employees are using cutting-edge analytical tools to make better use of non-traditional data and to generate novel insights more quickly.
- Future of payments: The new $20 bank note is in circulation, while payments systems both at home and abroad are evolving to meet the current and future needs of Canadians.