Bank of England’s project to replace ‘beating heart’ is foundation for continuous development
The Bank of England has reached a major landmark in its programme to replace its 27-year-old real-time gross settlement (RTGS) system after completing the first of two major components of the project. Replacing the RTGS system is a “once-in-a-generation” project, according to the Bank of England, with planning beginning in 2016 for a project set…