What the buyer wrote
The Bank of England ("the Bank") wishes to renew its current Real Time Gross Settlement (RTGS) service. RTGS lies at the heart of UK payments, settling more than £600bn of payments each working day. The RTGS infrastructure is over 20 years old and, despite its strong operational record, it needs to be modernised and developed to meet the needs of the future, safeguarding stability whilst enabling innovation. The Bank is seeking a Technology Delivery Partner (TDP) for the build, integration and support of the renewed RTGS system; including the design, build, integration and support of the replacement Core Settlement Engine (CSE) and designing and delivering the integration of the end to end r…
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Awarded to
Details
- What the buyer calls it
- RTGS Renewal
- How they are buying
- Advertised, then negotiatedThe buyer talked terms with bidders rather than taking fixed offers.
- Type
- services
- Work starts
- 10 May 2020
- Work ends
- 28 Jul 2027
- Kind of work
- Software development, Research, evaluation and insight
Who the buyer named
The buyer published a contact address on this notice.