Central Banking

BoE awards Accenture RTGS overhaul contract

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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