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    ContractsPayments Roadmap Technology Partner - Market Engagement
    Closed contract

    Payments Roadmap Technology Partner - Market Engagement

    Contract value
    £30m
    Published 14 Jul 2026

    The Bank of England is engaging the market to identify technology partners for delivering strategic enhancements to its RTGS payment system.

    🇬🇧United Kingdom· LondonPublished 14 Jul 2026· 3 months agoviaFind a Tender
    Contract value
    £30m
    Published 14 Jul 2026

    Decision brief

    4 fields
    • Contract value
      £30,000,000indicative
      Pounds sterling
    • Closing date
      Not published
      No closing date published
    • Sector
      IT & Software
      Browse related listings
    • Location
      🇬🇧United Kingdom
      London

    Lifecycle

    Closed

    No longer open. Published 3 months ago.

    14 July 2026
    Closed — no tender deadline was published

    Brief

    The Bank of England is seeking to enhance its RTGS system, which launched successfully in April 2025. Following the initial year of maintenance and support, strategic enhancements have been identified to optimize system performance. The Bank is conducting market engagement to explore technology delivery partner options and procurement approaches for these enhancements. This is a pre-market engagement exercise to understand current market capabilities and inform future procurement activity. The Bank is particularly interested in suppliers who can: - Demonstrate expertise in payments, payment processing, automated message handling (AMH), and SWIFT messaging - Show how they support end-to-end innovation in payment messaging - Offer scalable and flexible solutions that accommodate future regulatory, operational, and technology changes - Contribute insights to shape the discovery and procurement strategy Please note: This notice is for information only. The requirements, estimated value, service classification, and CPV codes are indicative and subject to change. The Bank is under no obligation to proceed with a competitive tender and will not be liable for any costs incurred by interested parties in this engagement exercise.

    Track record

    10 awards · 7 winners
    Open field

    No single supplier dominates the field.

    In it software, BANK OF ENGLAND has awarded 10 contracts to 7 suppliers.

    Who wins here
    1. SOFTCAT PLC3× · 30%
    2. TEMENOS UK LIMITED2× · 20%
    3. COFORGE U.K. LIMITED1× · 10%
    4. PitchBook Data, Inc1× · 10%
    5. CREDERA LIMITED1× · 10%
    6. RECURSIVE AV. LTD1× · 10%

    +1 more supplier

    Across it software, the most active winners are SOFTCAT PLC, PHOENIX SOFTWARE LTD, INSIGHT DIRECT UK LIMITED — the field to beat, or your route in as a partner.

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    Take action
    View on sourceFind a Tender

    Original closed notice on the publisher's site

    Publisher
    UK Cabinet Office
    Licence
    OGL v3.0
    Source
    find-tender.service.gov.uk
    Record ID
    ocds-h6vhtk-067e7e

    Track

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    Buyer
    BANK OF ENGLAND
    Sector
    IT & Software