Award

Rainbow Customer Contact and Core Banking - LOT 1 - Customer Contact Centre and Operations

NS&I

This public procurement record has 2 releases in its history.

Award

03 May 2024 at 14:57

Tender

29 Apr 2022 at 15:45

Summary of the contracting process

The National Savings and Investments (NS&I) has awarded a contract for Rainbow Customer Contact and Core Banking services. This procurement involved two packages focusing on contact centre services and core banking systems. The contract was awarded to Sopra Steria Limited. The tender was a selective competitive procedure with negotiation, with a deadline for tender submissions on May 4, 2023. The contract covers services in the category of banking, suitable for SMEs.

NS&I is inviting tenders for Rainbow Customer Contact and Core Banking services, targeting a strategic supplier for managed services. The procurement method is selective with a competitive dialogue approach. The contract period spans from April 1, 2023, to March 31, 2028, with the tender deadline set for May 31, 2022. This opportunity is ideal for businesses in the banking services industry looking to collaborate with a key public sector buyer like NS&I.

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Notice Title

Rainbow Customer Contact and Core Banking - LOT 1 - Customer Contact Centre and Operations

Notice Description

This procurement will consist of two packages. The Customer Contact and Operations package will procure a strategic supplier of managed services to support, deliver and integrate contact centre services, including the provision of Assisted Digital capabilities, supporting customers through digital self-service and customer journeys to perform on their behalf when needed to support vulnerable and digitally excluded customers. The Core Banking, Payment and Reporting package will 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.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c03873a6-8fd9-40c1-8500-fe75a06de8a5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d3546c5e-dfed-49a9-b955-ec0c6cbc40da
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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


CPV Codes

66110000 - Banking services

79342300 - Customer services

79342320 - Customer-care services

79510000 - Telephone-answering services

79570000 - Mailing-list compilation and mailing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£275,959,714 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
3 May 20241 years ago
Submission Deadline
4 May 2023Expired
Future Notice Date
Not specified
Award Date
3 Nov 20232 years ago
Contract Period
3 Nov 2023 - 31 Mar 2030 Over 5 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
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
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

SOPRA STERIA

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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