The Bank of England's £431 million Real-Time Gross Settlement (RTGS) system has been praised by Parliament's spending watchdog as a rare example of successful large-scale public sector tech transformation. The Public Accounts Committee highlighted how the project overcame common challenges through disciplined management, contrasting sharply with typical UK government tech failures. The committee urged other government agencies to learn from this positive example.
Infrastructure
Job's a good 'un: Bank of England tech project wins watchdog praise
Bank of England's disciplined £431M Real-Time Gross Settlement overhaul delivers rare UK government tech success, offering a template for public sector agencies drowning in legacy IT failures.
Sunday, May 3, 2026 12:00 PM UTC2 MIN READSOURCE: The RegisterBY sys://pipeline
Tags
infrastructure