Bank of England and Accenture Renew Real-Time Gross Settlement (RTGS) Service
The Bank of England and Accenture have announced the renewal of their collaboration to support and modernize the Real-Time Gross Settlement (RTGS) service, which plays a critical role in the UKβs financial system.
πΉ Key Highlights
- The RTGS service enables high-value payments between banks and financial institutions.
- Renewal focuses on security, resilience, and innovation in financial infrastructure.
- Accenture will continue to support modernization of RTGS with cutting-edge digital technologies.
- The partnership underlines the UKβs commitment to maintaining global leadership in digital payments.
πΉ Why It Matters
The RTGS system is at the core of the UKβs financial market, processing billions in daily transactions. By renewing this partnership, the Bank of England ensures its infrastructure remains future-ready, cyber-resilient, and adaptive to evolving financial technologies.
πΉ Quotes
- βThe renewal of RTGS with Accenture ensures we continue to provide a resilient and innovative payments backbone for the UK economy,β β Bank of England representative.
- βAccenture is proud to support the UK in delivering secure and modern financial infrastructure,β β Accenture spokesperson.
This renewal reaffirms Accentureβs role as a trusted digital partner for mission-critical national financial systems.
π Disclaimer
This IT news update is sourced from the official Accenture newsroom. The content here is for informational purposes only. Accenture or the Bank of England should not be assumed to endorse this blog. For image credit or content removal, please contact support@abhrosh.com.