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Financial Services / Bank of England / settlement / payments

New UK central banking system will allow fresh onboardings this year

Change freezes are over, RTGS now operational near 23/7 for some administrative tasks

The Stack
By  The Stack
Updated / Published 2 min read
New UK central banking system will allow fresh onboardings this year
The Bank of England: Credit, BoE Flickr. CC BY-ND 2.0

After a lengthy freeze caused by a greenfield build of new IT systems, the Bank of England plans to plug several new banking and payments firms into its new Real Time Gross Settlements (RTGS) infrastructure this year.

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