The company was selected through a public procurement process that commenced in February 2019.
As agreed, Accenture will serve as a technology delivery partner for the RTGS Renewal Programme.
The RTGS service serves as a critical component in UK payment infrastructure. It holds accounts for banks, building societies and other institutions enabling real-time settlements between account holders.
Under the renewal programme, a new RTGS platform will be developed and integrated to improve data access.
The overhauled RTGS service will also provide access to more companies, ensure wider interoperability and bolster end-to-end risk management.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now