Award

Provision of Identity and Verification Services

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

14 May 2023 at 08:49

Award Notice
Summary of the contracting process

The Financial Services Compensation Scheme Limited has awarded a contract for the provision of Identity and Verification Services to LexisNexis Risk Solutions UK Limited. The contract, with a value of £124,600 GBP, involves software package and information systems and has a contract period running from May 1, 2023, to April 30, 2024. The procurement method used was selective, with the tender period closing on April 4, 2023. The service is aimed at verifying the identity of customers, representatives, beneficiaries, or trustees automatically through the FSCS claims portal.

This tender presents an opportunity for businesses in the services sector, particularly those experienced in providing identity verification solutions using software and information systems. Small and medium-sized enterprises (SMEs), as well as voluntary, community, and social enterprise (VCSE) organisations, are encouraged to consider competing for this contract, which has the potential for further extension beyond the initial contract period.

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Notice Information

Notice Title

Provision of Identity and Verification Services

Notice Description

This is an integrated identification service that enables FSCS to have increased confidence in verifying an individual's identity whilst supporting a frictionless customer journey. The service verifies the identify of customers, representatives, beneficiaries, or trustees automatically through the FSSCS claims portal or manually (where required) via an internal claims process using the web-based solution. Additional information: The contract includes the option to extend for a further year

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7b885da1-5262-417b-bef4-a8ece681f9a5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2f79bfb8-a86d-4eb6-8c88-7611ed77a7f9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
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
£124,600 £100K-£500K
Lots Value
Not specified
Awards Value
£124,600 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
14 May 20232 years ago
Submission Deadline
3 Apr 2023Expired
Future Notice Date
Not specified
Award Date
27 Apr 20232 years ago
Contract Period
30 Apr 2023 - 30 Apr 2024 1-2 years
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

LEXISNEXIS RISK SOLUTIONS

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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