Award

Bank Wizard Subscription

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

26 Jan 2021 at 11:58

Award Notice
Summary of the contracting process

The Financial Services Compensation Scheme Limited has completed a procurement process for a contract titled "Bank Wizard Subscription", which falls under the software package and information systems category. The procurement, conducted through a direct method as a single tender action, was finalised with a total value of £37,047. The contract period is set from 31 December 2020 to 30 December 2021, and the relevant procurement stage has been marked as award, with the contract awarded to Experian Limited on 30 December 2020. This procurement process was officially published on 26 January 2021.

This tender presents significant opportunities for businesses, particularly those specialising in software solutions and information systems, to enhance their service offerings. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) would be well-positioned to compete, especially those capable of providing modular checks and payment verification systems. Engaging in such contracts can help these businesses expand their market presence and strengthen relationships within the financial services sector.

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Notice Information

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1c1ce3cc-a163-417d-b76a-91bd64bf8907
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6df0e233-b0d7-428a-8954-a7d330aa6468
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
Large

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
£37,047 Under £100K
Lots Value
Not specified
Awards Value
£37,047 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jan 20215 years ago
Submission Deadline
30 Dec 2020Expired
Future Notice Date
Not specified
Award Date
30 Dec 20205 years ago
Contract Period
31 Dec 2020 - 30 Dec 2021 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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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