BoE lays out blueprint for RTGS reboot
Central bank is planning a “comprehensive rebuild” of the large-value payments platform
The Bank of England has sketched plans for a revamped real-time gross settlement (RTGS) system, launching a consultation today (September 16).
The central bank plans to undertake a "comprehensive rebuild" of the underlying technology, in the process retaining core functions and resilience, but designing a system that it hopes will have the flexibility to keep up with the fast-moving payments market.
Broader access, higher resilience, improved interoperability with other systems, and a wider
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