Central Banking

BoE awards Accenture RTGS overhaul contract

Consultancy firm wins contract worth up to £150 million for payments system upgrade

Bank of England blue sky

The Bank of England has chosen Accenture to provide the technology infrastructure for its new real-time gross settlement system.

In a statement published July 31, the BoE awards a contract “worth up to £150 million” ($196 million) to Accenture as its technology delivery partner, following a procurement process that began in 2019.

According to BoE procurement documents, the technology delivery partner will be responsible for the “build, integration and support of the renewed RTGS system”. This

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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