skip to main content
Close Icon

In order to deliver a personalized, responsive service and to improve the site, we remember and store information about how you use it. This is done using simple text files called cookies which sit on your computer. By continuing to use this site and access its features, you are consenting to our use of cookies. To find out more about the way Informa uses cookies please go to our Cookie Policy page.

Global Search Configuration

Introduction

The replacement of the UK’s backbone payments systems has begun in earnest, with the restructuring of the operators responsible for running them and the emergence of concrete implementation plans.

Highlights

  • The key phases of delivery are envisaged to begin in 2018, including replacing the central infrastructure in partnership with external suppliers, with most of the new functionality to be live by 2020.

Features and Benefits

  • Clarifies the complex pathways set out by the Payment Systems Regulator and the Bank of England, explaining how they converge.
  • Learn how the different responsibilities and objectives of the regulators and users are being aligned in the new infrastructures.

Key questions answered

  • How will access by non-banks to both infrastructures be structured in the different markets?
  • What steps are being taken to ensure resilience of the new critical infrastructures?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Recommendations

  • Recommendations for enterprises
  • Recommendations for vendors

All roads lead to the Simplified Payments Platform

  • Decisions about the new architectures will be made in 2017
  • The PSF plans to "design the future" of payments with the SPP

RTGS overhaul will provide greater flexibility

  • The central role of RTGS will be expanded and enhanced
  • Working towards a 2020 implementation date

Appendix

  • Author

Have any questions? Speak to a Specialist

Europe, Middle East & Africa team - +44 (0) 207 017 7700


Asia-Pacific team - +61 (0)3 960 16700

US team - +1 646 957 8878

+44 (0) 207 551 9047 - Operational from 09.00 - 17.00 UK time

You can also contact your named/allocated Client Services Executive using their direct dial.
PR enquiries - +44 (0) 207 017 7760 or email us at pr@ovum.com

Contact marketing - marketingdepartment@ovum.com

Already an Ovum client? Login to the Knowledge Center now