Award

Experian Bank Account Validation with Bank Wizard

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 4 releases in its history.

AwardUpdate

06 Aug 2025 at 08:29

AwardUpdate

06 Aug 2025 at 08:27

AwardUpdate

11 Oct 2024 at 14:17

Award

17 Apr 2023 at 16:40

Summary of the contracting process

The Department for Work and Pensions has completed the awarding process for the contract titled "Experian Bank Account Validation with Bank Wizard," which falls under the software package and information systems industry category. This procurement entails the provision of a Bank Validation & Verification Licence and support services designed to validate real-time bank account details for UK and international banks, building societies, and the Post Office, alongside verifying personal details linked with these bank accounts. The procurement was initiated as a call-off from a framework agreement, with selective procurement methods employed. Relevant key dates include the contract period which began on 1st April 2023 and will end on 31st March 2026. The delivery is targeted to several geographical areas, including British Overseas Territories, Channel Islands, Europe, Isle of Man, the United Kingdom, and other global regions.

Businesses offering solutions within the software and information systems sector can find opportunities for growth by engaging in similar tenders. This particular tender provides a strategic avenue for large-scale companies, particularly those with expertise in real-time data processing and financial software applications, to demonstrate their capacities and expand their market reach. Although the opportunity is not specifically targeted at SMEs or VCSEs, firms capable of delivering robust and reliable verification systems, coupled with strong support services, would be well-positioned to compete in such selective processes driven by framework agreements. This kind of tender emphasises the need for innovation and proficiency in software package solutions, potentially paving the way for increased business interaction across a diverse range of jurisdictions.

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Notice Title

Experian Bank Account Validation with Bank Wizard

Notice Description

Bank Validation Licence & support Services (real-time validation of bank account details for UK/Intl banks, building societies and the Post Office.). The contract value include the 2 year initial term and one year optional extension.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-31f4f3f3-ab76-4a7b-aa00-fe0ee96ccda9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6ea02e05-9b14-4d38-859c-92e34aaf31d6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Goods
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
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
£2,161,725 £1M-£10M
Lots Value
Not specified
Awards Value
£2,161,725 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
6 Aug 20256 months ago
Submission Deadline
13 Dec 2022Expired
Future Notice Date
Not specified
Award Date
19 Jan 20233 years ago
Contract Period
31 Mar 2023 - 31 Mar 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR WORK AND PENSIONS
Contact Name
Cheryl Davies
Contact Email
manchestercorporatehub.softwarecommercialteam@dwp.gov.uk
Contact Phone
11

Buyer Location

Locality
MANCHESTER
Postcode
M2 3AA
Post Town
Manchester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified

Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
1
Supplier Name

EXPERIAN

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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