BoE hires Accenture in £150m deal to overhaul payments system
The Bank of England has hired IT consulting firm Accenture to refresh a key part of the UK’s crucial payments system in a deal worth up to £150m.
The firm will overhaul the real-time gross settlement (RTGS) service, the backbone of the country’s huge payments system.
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RTGS settles an average £685bn of payments each working day. It is where banks hold their sterl...