Award

Bank Validation and Verification Service (2026-2029)

DWP

This public procurement record has 1 release in its history.

Award

01 Apr 2026 at 15:32

Summary of the contracting process

The Department for Work & Pensions (DWP) has concluded the procurement for the "Bank Validation and Verification Service (2026-2029)," focusing on software packages and information systems. The contract is valued at £3,750,000 and is intended to ensure the accuracy and verification of payment account details, targeted at UK and international climates. This procurement was conducted through a selective method as a call-off from a framework agreement. The contract spans from 1st April 2026 to 31st March 2029, with the award made to Experian Limited on 30th March 2026. The process is within the award stage.

This tender presents significant opportunities for SMEs involved in software services, particularly those dealing with validation and verification technologies. Businesses capable of providing robust solutions for payment data accuracy and identity verification stand to benefit substantially through ongoing involvement in framework agreements. The broad geographical reach could allow successful suppliers to extend their services across various regions, including British Overseas Territories, Channel Islands, and broader Europe. Companies specialising in innovative and scalable software solutions for financial services are ideally positioned to leverage growth from such contracts.

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How relevant is this notice?

Notice Title

Bank Validation and Verification Service (2026-2029)

Notice Description

The contract is for the provision of validation services for UK and international payment account details to ensure the accuracy of payment data, and verification services to support claimants' identity verification.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-af7bd48d-00e4-4967-9e27-ef7be46419a1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f7d08f4d-ba4a-4c5b-9db4-b7b83108b1be
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
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
£3,750,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,750,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
1 Apr 20262 days ago
Submission Deadline
5 Mar 2026Expired
Future Notice Date
Not specified
Award Date
29 Mar 20265 days ago
Contract Period
31 Mar 2026 - 31 Mar 2029 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
DWP
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BLACKPOOL
Postcode
FY4 5ES
Post Town
Blackpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD42 Blackpool
Delivery Location
Not specified

Local Authority
Blackpool
Electoral Ward
Stanley
Westminster Constituency
Blackpool South

Supplier Information

Number of Suppliers
1
Supplier Name

EXPERIAN

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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