Bank of England lays out blueprint for RTGS reboot

“Comprehensive rebuild” of the payments platform will retain many core features while boosting resilience and functionality

Front of Bank of England London
Stronger foundations: BoE prepares for major upgrade of RTGS system

The Bank of England (BoE) has sketched plans for a revamped real-time gross-settlement (RTGS) system, launching a consultation on September 16.

The central bank plans to undertake a "comprehensive rebuild" of the underlying technology, in the process retaining core functions and resilience, but aiming to design a system with the flexibility to keep up with the fast-moving payments market.

The main goals are broader access, higher resilience, improved interoperability with other systems and a

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