Tender

Rainbow Customer Contact and Core Banking - LOT 2 - Core Banking, Payment and Reporting

NS&I

This public procurement record has 1 release in its history.

Tender

29 Apr 2022 at 15:47

Tender Notice
Summary of the contracting process

The procurement process titled "Rainbow Customer Contact and Core Banking - LOT 2 - Core Banking, Payment and Reporting" is being conducted by NS&I, a government-backed financial services provider based in London. This active tender falls under the banking services category and involves a selective procurement method through competitive dialogue. The tender period is set to conclude on 31 May 2022, with the contract expected to commence on 1 April 2023 and run for ten years until 31 March 2033.

This tender presents significant opportunities for businesses specialising in managed services, financial consultancy, data processing, and accounting. Companies with expertise in integrating core banking services, transaction processing, and financial reporting mechanisms would be particularly well-suited to compete for this contract. As the buying organisation is a prominent player in the financial services sector, winning this contract could enhance a business's reputation and lead to long-term partnerships with public sector clients.

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Notice Information

Notice Title

Rainbow Customer Contact and Core Banking - LOT 2 - Core Banking, Payment and Reporting

Notice Description

This package, as part of NS&I's Rainbow Programme, will procure a strategic supplier of managed services to deliver and integrate core banking services and systems of record, including: customer accounts and account lifecycle management; pooled accounts; payment verification and transaction processing; interest calculations and capitalisation; statement generation; product development and lifecycle management; general ledger and product accounting; fraud detection and monitoring; account and customer management information; insight capabilities; reporting and knowledge management; and Open Banking.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-55aa1317-dd03-4112-a770-76866a7c2bc1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2a878ccd-68d6-40d2-8f2c-9f29ffc42ac7
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive dialogue (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

72 - IT services: consulting, software development, Internet and support

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66110000 - Banking services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

72310000 - Data-processing services

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
29 Apr 20223 years ago
Submission Deadline
31 May 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2023 - 31 Mar 2033 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NS&I
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
SW1V 2QX
Post Town
South West 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
TLI London
Local Authority
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

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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