Award

Bank Wizard Subscription

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

05 Apr 2023 at 21:14

Summary of the contracting process

The FINANCIAL SERVICES COMPENSATION SCHEME LIMITED has completed a procurement process for the "Bank Wizard Subscription" in the industry category of Software package and information systems. The contract, valued at £35,750 GBP, was awarded to EXPERIAN LIMITED through a direct procurement method with a single tender action. The procurement stage started on February 1, 2023, and will end on January 31, 2024, providing opportunities for businesses to supply services related to banking account validation in the United Kingdom.

This tender by the FINANCIAL SERVICES COMPENSATION SCHEME LIMITED offers business growth prospects, particularly for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations. Businesses that provide software solutions or services in the financial services sector would be well-suited to compete for this contract. The award was made on January 31, 2023, and the successful supplier, EXPERIAN LIMITED, will be delivering the services until January 31, 2024, in accordance with the awarded contract.

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Notice Title

Bank Wizard Subscription

Notice Description

Performs a modulus check to validate bank account and sort codes for all electronic payments. Faster Payment module used to verify Faster Payments can be processed by the customers bank and validates the account.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1571ce37-c0d0-4dfd-9242-dd4718483e1a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/be5a96d0-a033-4a7e-b29e-ef6e711ab442
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£35,750 Under £100K
Lots Value
Not specified
Awards Value
£35,750 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Apr 20232 years ago
Submission Deadline
31 Jan 2022Expired
Future Notice Date
Not specified
Award Date
31 Jan 20233 years ago
Contract Period
1 Feb 2023 - 31 Jan 2024 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
Contact Name
Not specified
Contact Email
procurement@fscs.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC3A 7QU
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

EXPERIAN

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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