Bank of England RTGS System Replacement Project
Sector: Government • Location: London, England, United Kingdom
Source: Computer Weekly
The Bank of England undertook a core IT system replacement project to replace its Real Time Gross Settlement (RTGS) system, a critical national infrastructure that settles £800bn in payments daily. The project involved building a new core settlement engine with Accenture as the technology delivery partner, focusing on resilience, access, interoperability, risk management, and user needs. The proje
- Status
- Closed
- Sector
- Government, Commercial
- Location
- London, England, United Kingdom
- Updated
- 22 Jul 2026
- Source
- Computer Weekly
ConstructChat
Ask ConstructChat about Bank of England RTGS System Replacement Project
Pick a question to edit it, or write your own.
First answer free · no account
Project Information FAQ
Project Information
Participants
| Not available for this record. |
Status
Original status | completed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Bank of England undertook a core IT system replacement project to replace its Real Time Gross Settlement (RTGS) system, a critical national infrastructure that settles £800bn in payments daily. The project involved building a new core settlement engine with Accenture as the technology delivery partner, focusing on resilience, access, interoperability, risk management, and user needs. The project ran for nine years, from initial blueprint in 2017 to completion in 2025, with a fixed-price contract and a strong 'one team' culture between the bank and suppliers. |
Original sector | Financial Services IT |
Budget |
Location
Country | United Kingdom (UK) |
State | England |
City | London |
Source
Source | Computer Weekly |
URL |
More Details
Record type | Project |
Sector | Government, Commercial |
Article published date | 2026-03-29 |
Research
Free account
View all details
You are reading the public part. A free account opens the rest:
- Every detail on this project
- News and media coverage
- Technical research
Free account · no card · lands you back on this project
More Government projects in United Kingdom
- A19 Testo’s Junction Improvements
- M42 Active Traffic Management Scheme, Birmingham
- Finnieston Bridge, Glasgow, Scotland
- M9 Forth Road Bridge Spur Extension
- A47 Corridor Improvement Project
- Clyde Waterfront and Renfrew Riverside Project, Scotland, UK
- A421 Great Barford Bypass Scheme, Cambridgeshire
- M1 Motorway