Bank of England and Accenture Renew Real-Time Gross Settlement (RTGS) Service for a Future-Ready UK Financial System

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 UK’s financial system.

πŸ”Ή 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 UK’s commitment to maintaining global leadership in digital payments.

πŸ”Ή Why It Matters

The RTGS system is at the core of the UK’s 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.

πŸ”Ή Quotes

  • β€œThe renewal of RTGS with Accenture ensures we continue to provide a resilient and innovative payments backbone for the UK economy,” – Bank of England representative.
  • β€œAccenture is proud to support the UK in delivering secure and modern financial infrastructure,” – Accenture spokesperson.

This renewal reaffirms Accenture’s role as a trusted digital partner for mission-critical national financial systems.


πŸ“Œ 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.

Sandesh Gowda

Sandesh Gowda

Leave a Reply

Your email address will not be published. Required fields are marked *

Author Info

John Deo

John Deo

Lorem ipsum dolor sit amet consectetur adipiscing elit, molestie habitasse vivamus praesent tempor a lectus mus, egestas venenatis imperdiet arcu accumsan montes. Natoque taciti congue donec eros montes at nisi posuere class sapien tristique, sociosqu

Hot Topics

View All
error: Content is protected !!